U.S. Sues Bank Of America For $1 Billion
The Justice Department has sued Bank of America for allegedly employing a scheme from 2007 to 2009 called “the Hustle,” through which it approved risky loans and sold them to Fannie Mae and Freddie Mac, ultimately costing taxpayers more than $1 billion. What do you think?
“Just in time!”
James Ralbovsky –
“That wasn’t the only scam they pulled. They’re also connected to cases involving the Ol’ St. Louie Shuffle, the Mississippi Mad-Man Switch, and the Backdoor Frisco Pot Cleaner.”
Marc Thayer –
“I hope they also sue them for being so slow to send out my basketball-themed checks.”
Elise Carricker –