BAC sued for $1B+ for mortgage fraud

Quote from mutluit:

"US sues B of A for $1B+ for mortgage fraud
US sues Bank of America for $1B+ for mortgage fraud in Countrywide loans

The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion
on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis. [...]"
http://finance.yahoo.com/news/us-sues-b-1b-mortgage-171542721.html
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Mu;
Thats one of the most persistant patterns i have seen in my long life;
Big banks/big bank sector getting sued , losing/lousy customer service. Thay deserve every DOWNTICK they get
================================:D :D
 
Quote from murray t turtle:
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Mu;
Thats one of the most persistant patterns i have seen in my long life;
Big banks/big bank sector getting sued , losing/lousy customer service. Thay deserve every DOWNTICK they get
================================:D :D
More...
Do you think it will affect the BAC share price? What to expect / how to profit best from such information?
 
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