[quote=bewildering][quote=HLS]
And now, a federal appeals court is siding with the bank. The appeals panel says that the government didn’t prove that the bank had intended to commit fraud when it sold packages of home loans to investors.[/quote]

The bank say they did not intend to commit fraud. That means they admit they were incompetent, rather than malicious. Presumably they will still be punished.[/quote]

there’s no law against being stupid.
they know they were selling a crock of poopoo but they were blinded by greed. the onus was on the gov to prove intent but couldn’t.