8 years ago
4
Bank of America $1.27 bln U.S. mortgage penalty is voided
A U.S. appeals court on Monday threwout a jury's finding that Bank of America Corp wasliable for mortgage fraud leading up to the 2008 financialcrisis, voiding a $1.27 billion penalty and dealing the U.S.Department of Justice a major setback.
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http://www.reuters.com
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That was the plan all along.
The banks are the government. Obviously that was not going to happen.
Too big to fail and too big to go to jail.
One of the banks President Obama blessed.
What did you expect?