Bank Of America Settles Mortgage Case For $16.65 Billion

The bank agreed to pay a record amount to the U.S. government to avoid prosecution for its fraudulent sale of toxic mortgage-backed securities to investors in the lead-up to the financial crisis.

Source: http://www.npr.org/2014/08/21/342191167/bank-of-america-settles-mortgage-case-for-16-65-billion?utm_medium=RSS&utm_campaign=business

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