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DOJ sues Bank of America for fraud

On Tuesday, the Justice Department filed a lawsuit against Bank of America. The department is accusing the financial institution of defrauding its investors by understating the risks behind its residential mortgage backed securities. Anthony Randazzo, director of Economic Research for the Reason Foundation, weighs in on the latest lawsuit against BOA and explains the fraud allegations. Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America

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