BofA Says It Warned German Bank Of Risk In $56M RMBS Buy

By Nathan Hale ( December 4, 2012, 6:41 PM EST) -- Bank of America Corp. urged a federal judge on Friday to toss IKB Deutsche Industriebank AG's lawsuit over $56 million worth of residential mortgage-backed securities that later soured, claiming it had adequately warned the German bank that the investments were high-risk. ...

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