I love it. Its about time the banks had to pay for their crookedness.
Bank of America is charged with defrauding investors who bought residential mortgage-backed securities (RMBS) from the firm. The Securities and Exchange Commission (SEC) alleges that the bank failed to tell investors that more than 70 percent of the mortgages backing the offer – called BOAMS 2008- were not worth the paper they were written on. Just what i said back in 2005.