BOOM GOES THE DYNAMITE! Bank of America loses fraud trial over U.S. mortgages

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BOOM GOES THE DYNAMITE! Bank of America loses fraud trial over U.S. mortgages

BOOM GOES THE DYNAMITE! Bank of America loses fraud trial over U.S. mortgages

AND how will affected homeowners be notified?

Excellent…NOW they can go after Angelo Mozilo.


Reuters-

Bank of America Corp was found liable for fraud on Wednesday on claims related to defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few big trials stemming from the financial crisis.

Following a four-week trial, a federal jury in Manhattan found the Charlotte, North Carolina bank liable on one civil fraud charge in connection with shoddy home loans that the former Countrywide Financial Corp sold to Fannie Mae and Freddie Mac and originated in a process called “Hustle.”

[REUTERS]

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3 Responses to “BOOM GOES THE DYNAMITE! Bank of America loses fraud trial over U.S. mortgages”

  1. {{{APPLAUSE}}}
    You know, we are starting to see more of these… Now if we can get some consistency throughout the judiciary in ruling accordingly. Maybe NOW they will believe the homeowner’s that keep telling them that they have been drug through the dung long enough. JUSTICE! I hope it continues. May their stock price plummet and show the shareholders that the game is over.

  2. JOI says:

    AMENNNNNNNNNNNNNNNNNNNNNNNN….GOD IS STILL IN CONTROL

  3. DeadlyClear says:

    WOW! Great post! Maybe America is finally realizing that Iceland was correct in the first place.

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