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re: BoA hit with $16 Billion penalty for MBS dealings

Posted on 8/21/14 at 8:33 am to
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 8/21/14 at 8:33 am to
"pay around $9 billion in cash and the rest in assistance to struggling homeowners."

yeah...that's makes a lot of sense..the 'crime' was misleading investors who bought the bad mortgages, so the give 9b to the borrowers who created them
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