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PBS NEWSHOUR

Bank of America to pay nearly $17B over housing crisis

  • Aired: 08/21/2014
  • 09:19
  • Rating: NR
Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier bank settlements might have on Wall Street and across the U.S., Hari Sreenivasan talks to Dennis Kelleher of Better Markets and Lynn Stout of Cornell University.
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Bank of America to pay nearly $17B over housing crisis
Bank of America to pay nearly $17B over housing crisis
Will the $17B Bank of America penalty deter individuals from breaking the law?
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