Politics Breaking News: U.S. Accuses Bank of America of Mortgage-backed Securities Fraud

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Politics Breaking News: U.S. Accuses Bank of America of Mortgage-backed Securities Fraud

Politics Breaking News: U.S. Accuses Bank of America of Mortgage-backed Securities Fraud
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Politics Breaking News: U.S. Accuses Bank of America of Mortgage-backed Securities Fraud

by Wochit 0:52 mins

The U.S. Justice Department said it had filed a civil lawsuit in U.S. District Court in Charlotte, North Carolina, against Bank of America for what government lawyers said was a fraud on investors involving $850 million of residential mortgage-backed securities. Former President George W. Bush successfully underwent a heart procedure in Dallas after doctors discovered a blockage in an artery during his annual physical. Two U.S. senators urged Egypt's military-backed government to release detained members of the Muslim Brotherhood before starting negotiations with the group, warning of worsening relations "if Egypt is not moving to democracy."

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