Relevant:
- In Countrywide Case, Watchdogs Without Any Bark
- BNY Mellon Broke New York Law, Misled Investors on Mortgages, State Claims
- U.S. and New York Sue Bank of New York Mellon Over Foreign Exchange Fees
- Allstate sues Countrywide over toxic investments
- Big Banks Hit With Monster $250 Billion Lawsuit in Housing Crisis
2013-11-18 — nytimes.com
``While this case may appear to be about Countrywide's lending practices, what's really on trial here is the role played in the settlement by Bank of New York Mellon, the trustee charged with protecting all investors in these securities. Trustees for asset-backed securities have a duty to ensure that the companies administering them, known as servicers, do right by the investors who own them. ''
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