BoA Is Worried Next WikiLeaks Dump Will Contain Evidence Of Fraudulent Countrywide Loans
Business Insider ^ | 12/06/2010 | Business Insider
Charlie Gasparino told Shep Smith today that Bank of America has set up a "legal swat team" in case the next big WikiLeak is directed at them.
The official line thus far is that they've had "no indication" they're being targeted, however Gasparino says he's spoken to a person who claims to have seen some of the bank-related documents and says that while they couldn't make out how damaging the documents were they "clearly pointed to Bank of America." The big fear inside Bank of America, says Gasparino, is that the documents will lead back to (BofA-owned)
Countrywide Financial, and show that the subprime loans that Countrywide gave out to high-risk applicants were fraudulent.
(Excerpt) Read more at businessinsider.com ...
