Bank of America's $16.6 Billion Mortgage Fraud Agreement Is Another Public Relations Stunt

Mark Karlin @ Buzzflash - The settlement this week between the DOJ and Bank of America for its role in the financial fraud that busted the economy in 2008 (including its acquisition of the scam company it acquired, Countrywide Financial) is yet another example of a large fine that looks like punishment, but amounts to much, much less than meets the eye. Indeed, that is the assessment ... read more.