FDIC Must Face BofA's Suit Over Taylor Bean Fraud

By Jamie Santo ( December 11, 2012, 11:01 PM EST) -- A Washington federal judge on Monday allowed Bank of America Corp. to go after the Federal Deposit Insurance Corp. for $1.7 billion in losses stemming from Taylor Bean & Whitaker Mortgage Corp.'s alleged fraud, while subsequently greenlighting the FDIC's pursuit of $900 million in counterclaims....

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