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February 28, 2014

Bank of America Contests $2.1 Billion Fine 
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In financial news, Bank of America is contesting a $2.1 billion fine
sought by the Obama administration over defective mortgages sold by the
bank's Countrywide unit. Bank of America is arguing the fine should be
based on the amount of profit it made by selling the flawed loans, which
it says was nothing.

 

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