Updated Sunday, September 21, 2014 as of 6:16 PM ET

U.S. Said to Ask BofA for More Than $13B Over RMBS

(Bloomberg) -- U.S. prosecutors are seeking more than $13 billion from Bank of America to resolve federal and state investigations of the lenderís sale of bonds backed by home loans in the run-up to the 2008 financial crisis, according to people familiar with the matter.

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Comments (1)
This is obviously litigation sponsored by a greedy attorney(s)! Any sane judge would throw this out and fine the initiators $20 million for the insult to the American public intelligence for allowing such a manipulation of the judicial system.
Posted by DAVID N | Friday, April 25 2014 at 1:49PM ET
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