Where else can you get caught with as much fraud as all these cartels and still stay in business and manage to service government related loans? Only in Amerika! Unfreakin Believable!
So lets get this straight. BOA has paid billions for other fraudulent acts and is saying this is no way, no how tied to fraud? REALLY??
Reuters-
Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
The bank urged U.S. District Judge Jed Rakoff in Manhattan to rule for it as a matter of law or order a new trial, arguing that the evidence at trial did not support the jury’s October 2013 verdict.
Bank of America said prosecutors were required at trial to prove that loans originated by Countrywide Financial Corp in a process called “Hustle” that were then sold to government mortgage finance giants Fannie Mae and Freddie Mac were not as good as the lender represented.
[REUTERS]
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