TITLE

Wall Street's New Nightmare

AUTHOR(S)
VARDI, NATHAN
PUB. DATE
November 2011
SOURCE
Forbes Asia;Nov2011, Vol. 7 Issue 13, p119
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on Texas lawyer Kathy Patrick working on a 8.5 billion dollars deal with Bank of America Corp. (BofA) over so-called mortgage put-backs. BofA wanted Patrick's clients to assure they would not go after the bank with separate claims over the same mortgage pools. The financial industry and the U.S. administration are swinging around a potential 20 billion dollars settlement being forced on BofA by state attorneys general over improper foreclosure practices.
ACCESSION #
67524299

 

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