Pay US $864,000,000
That's what Preet Bharara, US Attorney from New York, is asking the court as a result of last month's decision against Bank of America with regard to its subsidiary, Countrywide Financial, being convicted of defrauding Fannie Mae and Freddie Mac.
1 comment:
The lawyer in charge of the Federal Southern District in NY, which includes Manhattan, has enormous power if he chooses to use it. Fortunately, Preet Bharara chooses to use his.
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