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After a four-week trial, a federal jury in New York found the bank liable on one civil fraud charge. Countrywide originated shoddy home loans in a process called "Hustle" and sold them to government mortgage giants Fannie Mae and Freddie Mac, the government said.
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As the main guide for government action, the IPCC will face extra scrutiny after the 2007 report exaggerated the rate of melt of the Himalayan glaciers. A review of the IPCC said that the main conclusions were unaffected by the error.
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In his short time with the Knicks, Metta World Peace has emerged as the wise, unconventional sage of the teamâ?™s locker room, lending his philosophical views on a variety of topics, from how to grow old gracefully, to the keys to winning a championship.
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In bankruptcy, Kodak failed to obtain significant value forits portfolio of patents, which experts said was a crucialreason it had to sell core businesses and reinvent itself. Butthe bankruptcy resolved a major dispute with retirees overpensions, and it has forged a restructuring plan that, whilewiping out shareholders, should pay secured creditors andsecond-lien noteholders in full.