Monday, January 14, 2013
Mere Billions
At first glance, the numbers look impressive. Bank of America Corp. last week agreed to pay $11.6 billion for selling the government toxic mortgages; 10 banks ponied up $8.5 billion to federal regulators for foreclosure abuses. But viewed against the scale of the financial meltdown, the feds' most recent deals with financial industry giants look to some more like a slap on the wrist.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment