Bank of America to Pay $16.6B to Settle Fraud Claims

, The National Law Journal


In the largest-ever settlement between the U.S. government and a single company, Bank of America Corp. on Thursday agreed to pay $16.6 billion in penalties and consumer relief for selling toxic mortgage-backed securities.

What's being said


    $4.3 in compensatory to us Consumers? That‘s not enough for EVERYBODY who has been willfully Injured. Maybe enough for ME, but definitely not EVERYBODY else.

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article# 1202667568446

Thank you!

This article's comments will be reviewed.