zerohedge.com / by Tyler Durden / 04/01/2013 14:32 -0400
In late 2010, in a superficially stunning move, Bank of America was sued by, among many others, the New York Fed over the biggest bogeyman for the bank’s balance sheet – its legacy portfolio of super toxic Countrywide mortgages it inherited in the worst M&A [...]
truthingold.blogspot.com / By Dave in Denver / March 5, 2013
By the time most people see the giant systemic “two-by-four” being swung at their collective heads, it will be too late to duck – Dave in Denver, circa 2005…That systemic two-by-four is getting a lot closer – Dave in Denver, 3/5/2013
rollingstone.com / By Matt Taibi / December 28, 10:25 AM ET
Another day, another corporate titan suffering from devastating amnesia. This time, the memory-loss patient is none other than Angelo Mozilo, the former CEO of Countrywide Financial.
Deposed in the landmark lawsuit between the monoline insurer MBIA and Countrywide/Bank [...]
bloomberg.com / By Jonathan Weil / Oct 26, 2012 2:53 PM ET
There is something very weird about the civil complaint the Justice Department filed this week against Bank of America Corp. (BAC) for allegedly defrauding Fannie Mae and Freddie Mac.
Prosecutors are suing under a statute called the False Claims Act, which imposes [...]
Bank of America. Saul Loeb/AFP/Getty Images
rollingstone.com / by Eileen Foster / August 9, 11:20 AM ET
Eileen Foster exposed systemic fraud at the nation’s largest mortgage provider, Countrywide Financial. She now works at a credit union in California.
Testifying recently before a Senate panel, the U.S. Treasury Secretary Timothy Geithner hailed [...]