Bank of America agreed to pay Freddie Mac 404 million for bad loans issued during the financial crisis. BOA is the current world champion, with 45.03 billion in fines, penalties and other settlement costs related to the financial crisis. Everyone expects J.P. Morgan Chase to eventually exceed that amount, though their current tally is a piddling 26.48 billion. It kind of makes you wonder if it was all worth it.
Posted on: Wed, 04 Dec 2013 15:35:24 +0000