Ambac Sues Bank of America Over Countrywide Bonds By Karen Freifeld and David Mildenberg – Sep 29, 2010 4:46 PM ET Ambac Assurance Corp. sued Bank of America Corp. over $16.7 billion of mortgage-backed securities, saying the bank’s Countrywide Financial Corp. unit fraudulently induced Ambac to insure bonds backed by improperly made loans. Ambac found […]
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