U.s. Sues Bofa Over Mortgage-backed Securities

The Justice Department and SEC accuse Bank of America of lying to investors about $850 million in mortgage bonds.In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans."

Topics:  justice department   sec   corp   bank   america   investors   lying   loans   

 

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