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Allstate Sues Bank of America Over Countrywide Losses
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Allstate Sues Bank of America Over Countrywide Losses
Allstate (ALL) has sued Bank of America (BAC) and its lending unit, Countrywide Financial, for more than $700 million. The insurer claimed that Countrywide misrepresented the risk associated with mortgage backed securities bought from them beginning in 2005.
Video Length: 0
Date Found: December 30, 2010
Date Produced: December 29, 2010
View Count: 0
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