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So BOA is no longer an untouchable (Original Post) malaise Aug 2013 OP
Jail? DJ13 Aug 2013 #1
Here malaise Aug 2013 #2
I will raise you that *crickets* and add a blank stare. Safetykitten Aug 2013 #3

malaise

(268,664 posts)
2. Here
Wed Aug 7, 2013, 03:50 PM
Aug 2013
http://www.cnbc.com/id/100943593
<snip>
The U.S. government on Tuesday filed two civil lawsuits against Bank of America for what the Justice Department and securities regulators said was a fraud on investors involving $850 million of residential mortgage-backed securities.

The Justice Department and the U.S. Securities and Exchange Commission filed the parallel suits in U.S. District Court in Charlotte, according to the court filings.

The securities date to about January 2008, the government said, putting them just at the beginning of the global financial crisis.
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DOJ files civil suit against Bank of America
The DOJ is accusing Bank of America of defrauding investors who bought over $850 million in mortgage-backed securities. CNBC's Kate Kelly reports.

Bank of America responded to the lawsuits with a statement: "These were prime mortgages sold to sophisticated investors who had ample access to the underlying data, and we will demonstrate that."
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