The top federal prosecutor in Manhattan filed a lawsuit today that alleges Bank of America Corp. cost American taxpayers more than $1 billion when it sold toxic mortgages — originally issued by Countrywide Financial — to the government controlled Fannie Mae and Freddie Mac.
NPR's Margot Adler explains it like this to our Newscast unit:
"U.S. Attorney Preet Bharara described the conduct of Countrywide as 'spectacularly brazen in scope.'
Marijuana legalization is back on the ballot this year. California voters defeated a legalization proposal in 2010, but now similar measures have cropped up in three more Western states. This time around, some of the most intense opposition is coming from the earlier pioneers of legalization — the medical marijuana industry.
Originally published on Thu October 25, 2012 8:47 am
The Texas attorney general is warning international election observers not to mess with Texas.
"Your opinion is legally irrelevant in the United States, where the Supreme Court has already determined that Voter ID laws are constitutional," Greg Abbott wrote in a letter sent to the Organization for Security and Co-operation in Europe, which monitors elections across the world.