In October 2013, Rebecca Steele became the only person found liable for their part in the 2008 financial crisis. This verdict was the result of a 2012 civil lawsuit filed by the office of Manhattan U.S. Attorney Preet Bharara against Steele and Bank of America Corp., which alleged that Countrywide Financial Corp.—now owned by Bank of America Corp.—misrepresented the quality of loans it sold to Fannie Mae and Freddie Mac in its 2007 “Hustle” program.

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