Barclays refuses to settle with US DoJ over 'craptacular loans'

Department of Justice accuses bank of using loans from other mortgage lenders as basis of bonds it was sellingBarclays is refusing to settle with the US Department of Justice over allegations it deliberately sold mortgage bonds to investors that it knew contained “craptacular loans”.The DoJ’s legal filing outlines an array of colourful descriptions of the types of mortgages that it alleges were used by Barclays to package up in bonds – known as residential mortgage bond s