FDIC Says BofA Lacks Standing In $1.8B Taylor Bean Suit
By Evan Weinberger ( August 9, 2011, 1:42 PM EDT) -- The Federal Deposit Insurance Corp. said Friday in Washington that Bank of America Corp. lacks standing to seek repayment of $1.75 billion in investor losses resulting from a fraud allegedly perpetrated by bankrupt lender Taylor Bean & Whitaker Mortgage Corp....
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