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    Bank of America sued over mortgage fraud

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    euronews (in English)

    by euronews (in English)

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    US government prosecutors are going after some of those accused of selling sub-prime mortgages, the trigger for the bank meltdown that led to the financial crisis.

    Bank of America faces a $1 billion civil lawsuit for fraud over the activities of the mortgage firm Countrywide, which the bank bought in 2008.

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    http://www.euronews.net/