Thursday, August 21, 2014

Banks Ranked by Derivatives

1 comment:

Dan said...

Compare the Actual Loss for Bank of America:
$36,411,874,000,000 Derivatives
$16,650,000,000 Settlement
Justice Dept. Announces Record $16.65 Billion Settlement with Bank of America
http://www.infowars.com/justice-dept-announces-record-nearly-16-65-billion-settlement-with-bank-of-america/
Largest settlement in history between the federal government and a single company...
by Kevin McCoy and Kevin Johnson | USA TODAY | August 21, 2014
Bank of America has agreed to pay nearly $17 billion to settle federal and state allegations it sold risky, mortgage-backed securities to investors before the national financial crisis, a person familiar with the matter said Wednesday.