U.S.: BofA bid to void $1.27 bln fraud verdict defies common sense
September 19, 2014 at 09:59 AM EDT
NEW YORK, Sept 19 (Reuters) - The U.S. government said Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion penalty, defies common sense and should be rejected.
