Bank Of America Settles With Feds And States For Record Amount

In the latest fallout from misdeeds leading up to the financial crisis, Bank of America has agreed to a record $16.65 billion deal with federal and state governments. The deal helps the bank avoid prosecution for the fraudulent sale of toxic mortgage-backed securities to investors.

Source: http://www.npr.org/2014/08/21/342228856/bank-of-america-settles-with-feds-and-states-for-record-amount?utm_medium=RSS&utm_campaign=us

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