The top federal prosecutor in Manhattan filed a lawsuit today that alleges Bank of America Corp. cost American taxpayers more than $1 billion when it sold toxic mortgages — originally issued by Countrywide Financial — to the government controlled Fannie Mae and Freddie Mac.
NPR's Margot Adler explains it like this to our Newscast unit:
"U.S. Attorney Preet Bharara described the conduct of Countrywide as 'spectacularly brazen in scope.'
We almost brought you news today about a study that appeared to raise some troubling questions about aspartame, the popular sugar substitute found in many common foods like diet soda. Note the key word — almost.
A study due to be published at 3 p.m. Wednesday in the American Journal of Clinical Nutrition and released to reporters earlier in the week under embargo found some correlation between drinking diet soda and an increased risk of leukemia and Non-Hodgkin's lymphoma, as well as a few other rare blood-related cancers.
There is a remarkable change going on in Mogadishu, Somalia — often dubbed the world's most dangerous city. For starters, it may not deserve that title anymore.
Last year, African Union forces drove the Islamist militant group al-Shabab out of Mogadishu. Now, Somalia has a new president and prime minister who have replaced the corrupt and unpopular transitional government.
Hope is edging aside despair, and Mogadishu is coming back to life.