Bank of America to pay record $16.65 billion to settle mortgage claims – LA Times

Man, Mr. Holder is busy these days…

Being a part of CalPERs I am happy to see they shall receive $300 million! If you are a BofA customer be mindful of rising fees, higher rates for loans, and lower rates for deposits. If you are a BofA employee, be mindful of the possibility of job cuts to cover this settlement and/or maintain executive bonuses. Yes, I said it. 🙂

http://www.latimes.com/business/la-fi-bank-of-america-settlement-justice-mortgage-countrywide-20140821-story.html

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