The Justice Department has filed a civil lawsuit against Bank of America, alleging that the company lied to investors about the relative riskiness of the mortgage loans backing the residential mortgage-backed securities, made false statements after intentionally not performing proper due diligence and filled the securitization with a disproportionate amount of risky mortgages.
The news that billionaire Jeff Bezos has purchased The Washington Post came shortly after Red Sox owner John Henry agreed to buy The Boston Globe. That's left many scratching their heads as to why a successful businessperson would take on a paper when revenues are plummeting.
The federal immigration checkpoint in Hudspeth County rounds up a lot more illegal drugs than undocumented immigrants. The feds used to help the county prosecute the low-level drug cases, but that money is drying up and the county is going to stop bringing minor cases to court, much to the sheriff's displeasure.
New pumping and irrigation systems made it easy for farmers to extract billions of gallons of water from the High Plains Aquifer. But now, parts of the aquifer are dried out, prompting a debate over how to preserve what once seemed to be an almost inexhaustible resource.
Thousands of California drivers are ordering specialty vintage license tags for their cars, in a program that lets people choose new tags based on designs from the 1950s, '60s, and '70s. The throw-back plates will let drivers put iconic blue, black, or yellow tags on their vehicles.
Voters in New Jersey go to the polls next week in a special primary election for a U.S. Senate seat. No one on the ballot has more name recognition than the Newark mayor, considered a Democratic rising star. But Booker's critics say he's been more focused on his ambitions than on governing.
A new study published in The Journal of the American Medical Association says the rising number of suicides in the military cannot be blamed on deployments to Iraq and Afghanistan. But other studies say there is a link and many researchers caution that the factors leading to suicide are complex and unique for each individual, so they question whether the findings should guide treatment.
President Obama flew to Phoenix, scene of some of the worst wreckage in the housing collapse, to talk about how the government can lengthen and strengthen the housing recovery on Friday. He will endorse gradual privatizing of Fannie Mae and Freddie Mac.
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