Bank of America to Pay $9.5 Billion Over Mortgage Bonds
Bank of America to pay $9.5 bn over mortgage bonds (via AFP) Bank of America will pay $9.5 billion to settle US charges that it sold bad mortgage-backed securities to mortgage giants Freddie Mac and Fannie Mae ahead of the housing bust. The settlement, arranged with the Federal Housing Finance Agency, which oversees…
Bank of America will pay $9.5 billion to settle US charges that it sold bad mortgage-backed securities to mortgage giants Freddie Mac and Fannie Mae ahead of the housing bust. The settlement, arranged with the Federal Housing Finance Agency, which oversees…
As we navigate an uncertain 2025, with a new administration questioning press freedoms, the risks are clear: our ability to report freely is under threat.
Your tax-deductible donation enables us to dig deeper, delivering fearless investigative reporting and analysis that exposes the reality beneath the headlines — without compromise.
Now is the time to take action. Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and uncover the stories that need to be told.
Editorial Cartoons
The three major indexes set more record highs than in 2018 and kept the longest bull market for stocks going.
They feel Americans have demonstrated that they value discounts more than intangible privacy concerns.
The Vermont senator's latest proposals include replacing the Federal Election Commission, capping individual donations at $500 and more.
Over 200 corporations sign a brief urging the court to rule this fall that existing federal law protects LBTGQ people from discrimination.
Just as critics feared, the nation's top financial institutions are rewarding their shareholders at the expense of workers and customers.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.