"Five years after the housing market crumbled, government officials are still trying to assign blame for the problems that fueled the mortgage boom and bust.
On Wednesday, federal prosecutors in New York took aim at Bank of America. They accused it of carrying out a scheme, started by its Countrywide Financial
unit, that defrauded government-backed mortgage agencies by churning
out loans at a rapid pace without proper controls. In a civil suit,
prosecutors seek to collect at least $1 billion in penalties from the
bank as compensation for the behavior that they say forced taxpayers to
guarantee billions in bad loans."
Funny how the government can sue them when they sold out to the big banks to let individual Americans sue them.