thanks Robert Watcher Thompson Robert Watcher Thompson via Damien Crisp According to Reuters, the new request for $2.1 billion comes after a judge asked both the government and Bank of America for a different way of assessing the penalty that should be filed. Previously, the $863 million requested by the Justice Department was based on losses suffered by Fannie Mae and Freddie Mac. Now, US District Judge Jed Rakoff is looking to calculate a penalty based on the gains Countrywide experienced rather than the losses others incurred.
Posted on: Sat, 01 Feb 2014 02:46:52 +0000
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