Wednesday, August 7, 2013

DOJ sues Bank of America for fraud (VIDEO)

On Tuesday, the Justice Department filed a lawsuit against Bank of America.

The department is accusing the financial institution of defrauding its investors by understating the risks behind its residential mortgage backed securities.

Anthony Randazzo, director of Economic Research for the Reason Foundation, weighs in on the latest lawsuit against BOA and explains the fraud allegations.

No comments: