NY JURY: BANK OF AMERICA LIABLE IN MORTGAGE FRAUD

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Larry Neumeister writing for The Big Story, an AP news source, reports:

NEW YORK (AP) — Bank of America Corp., accused of lying about the quality of mortgages it passed along to financial firms Fannie Mae and Freddie Mac, was found liable for fraud on Wednesday in a civil case the government said captured the frenzied pursuit of profits at all costs just before the economy collapsed in 2008.

THE FULL STORY IS HERE
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