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Bank Of America Settles With Investors

by Jim Zarroli, NPR
June 29, 2011

Bank of America will pay $8.5 billion to settle claims by investors who lost money on mortgage-backed securities. The securities at issue were put together and sold by Countrywide, and they became Bank of America's problem when the bank acquired the mortgage giant in 2008.

Broadcast Dates

  • All Things Considered, June 29, 2011
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