Countrywide Buyer's Remorse Rolls On, as Do Hits to JPM

10/24/13

Receiving Wide Coverage ... Bank of America Found Liable: The verdict of a New York jury Wednesday holding Bank of America liable for alleged mortgage misdeeds at Countrywide may go down as an important turning point in the federal government's belated push for financial crisis accountability. The major papers list several reasons why this civil trial matters: it marks the first time a bank has been held liable for fraud in connection with the mortgage boom;…

[more]