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

, The National Law Journal

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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.

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  • MARSHA MAINES

    $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.

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