BofA Sues FDIC Over 'No Value' Ruling For Colonial Bank
By Eric Hornbeck ( July 23, 2013, 1:07 PM EDT) -- Bank of America NA sued the Federal Deposit Insurance Corp. on Monday for allegedly trying to defuse the bank's $1.75 billion lawsuit stemming from the alleged fraud at Taylor Bean & Whitaker Mortgage Corp. and Colonial Bank's collapse with an illegal "no value" ruling....
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