Bank of America to Pay $2.43 Billion to Settle Suit Over Merrill Deal – NYTimes.com

What I liked about thus article:

1. The comments at the end of the article. For example:

These banks are not too big to fail. They are failing and they are too big.

2. BofA’s explanation of the settlement: too reduce uncertainty.

I wonder what happened to the executives responsible? Also, I wonder if our government is part of the past shareholders that are receiving the settlement, the current shareholders that are paying the settlement, both, or neither? Answer that, cite your references, and receive up to 10 extra credit points!

http://dealbook.nytimes.com/2012/09/28/bank-of-america-to-pay-2-43-billion-to-settle-class-action-over-merrill-deal/

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