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FDIC Looks To Gut BofA's $2B Suit Over Taylor Bean Fraud

By Jamie Santo (May 3, 2013, 9:00 PM EDT) -- The Federal Deposit Insurance Corp. asked a Washington federal judge Friday to ax a major claim from Bank of America Corp.'s $1.75 billion complaint over losses from Taylor Bean & Whitaker Mortgage Corp.'s alleged fraud, saying no controversy exists because there is nothing the bank to recover....

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