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Countrywide Financial

LA Times: The legal technicality that let BofA skate on an alleged billion-dollar mortgage fraud

"If I'm ever dragged into court for a financial fraud, I want to throw myself on the mercy of Judge Richard C. Wesley. Wesley is the U.S. appeals court judge in New York who, with his colleagues Reena Raggi and Christopher F. Droney, found a loophole in federal fraud law big enough for the nation's second-largest bank to fit through without even scratching a fender.

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