The Big Picture » Bank of America’s Big Settlement

Bank of America’s Big Settlement

Posted By Barry Ritholtz On June 29, 2011 @ 6:37 pm In Legal,Video | Comments Disabled

Bank of America has agreed to set aside $14 billion to settle claims stemming from sales of mortgage-backed securities. Nelson D. Schwartz explains how the bank will come up with the cash.

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/06/bank-of-americas-big-settlement/

Click here to print.