Feds sue Bank of America over ‘hustle’ home loans

Oct 2012 // American Public Media's Marketplace

Bank of America is in the crosshairs of federal prosecutors for mortgages sold by its Countrywide unit. In an interview for Marketplace, Tom Ajamie suggests that the government-backed agencies that bought the loans bear some responsibility because they “should have done their own due diligence, and not purchased certain loan packages.”