Skip to main content

Newsroom

May 24, 2016

New York Post: Bank of America’s $1.2B mortgage scam fine gets thrown out

“A Manhattan federal appeals court struck again on Monday — making life a bit easier for those on Wall Street looking to cut corners.

The Second Circuit Court of Appeals reversed a jury’s finding that a unit of Bank of America committed fraud by dumping shoddy mortgages on government-sponsored Fannie Mae and Freddie Mac leading up to the financial crisis.”

***

“But Dennis Kelleher, president of nonprofit group Better Markets, slammed the ruling as “turning law, logic and common sense on its head.”

***

To read the full New York Post article by Kaja Whitehouse click here.

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today