Friday, December 23, 2011

Another Too Big to Fail bank gets off lightly

"Bank of America agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers on home loans."

Right, so the Bank of America settles with the Dept of Justice to resolve allegations.

No admission of guilt.

Pay a milli-ounce of what passes for flesh, & you're off the hook.

Great system. For the perpetrators.

Another Too Big to Fail bank gets off lightly..