[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]

It’s a little more complicated than that. This could just be an example a very poor lawyering. The court said that the Government did not prove that the bank intended to commit fraud. Sometimes lawyers get so wound up in believing that they are right that they forget to lay out all of the pieces of the puzzle .