It may come as a surprise to riders on Metro's Orange Line in Arlington, Va., just outside Washington, D.C., but the area sets the bar for suburban transit.
That's because a risky, expensive decision by local planners in the 1960s as the Washington subway system was about to be built helped this once-sleepy community come alive. It led to an increase in residents and decrease in traffic. Instead of having a line bypass these nearby Virginia suburbs aboveground, next to a highway, planners decided to run it underground and redevelop the neighborhoods above.
Originally published on Wed October 23, 2013 6:59 pm
A Manhattan jury has held Bank of America liable for fraud related to bad loans its Countrywide Financial Corp. unit sold to Fannie Mae and Freddie Mac as the housing market soured.
The verdict was returned on Wednesday after several hours of deliberation in a month-long trial that focused on loans Countrywide completed in 2007 and 2008, as the housing crisis was already underway. Countrywide was acquired by Bank of America in 2008.