Dept of Justice has filed a civil mortgage fraud lawsuit against Bank of America
- 10/24/2012 by Linda Perry (WBAI)

Click the play arrow to listen to audio (Flash required).

The lawsuit seeks damages and civil penalties for engaging in a scheme to defraud Fannie Mae and Freddie Mac.  WBAI's Linda Perry speaks to William Black from the University of Missouri in Kansas City and an analyst of financial fraud

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