Bank of America Near $17B Settlement with DOJ

In The Lip TV on YouTube by Hlarson0 Comments

 

Bank of America is nearing a $17B settlement with the Department of Justice resulting from mortgage-related misconduct leading up to the 2008 financial crisis. The agreement would set a record for fines and damages in a civil settlement between the U.S. government and a company. We discuss what makes this case unique and look at whether or not the punishment was fair, in this Lip News clip with Gabriel Mizrahi.

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