Welfare Looter Pays Big Fine

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Bank of America Corp has agreed to pay $375 million to settle a case brought by bond insurer Syncora Guarantee over toxic mortgage-backed securities at the center of the 2008 financial crisis
  • Profile picture of the author Kay King
    Seems the result is like other similar suits and settlements - a big bank ends up paying a big insurance company.
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    • Profile picture of the author thunderbird
      Originally Posted by Kay King View Post

      Seems the result is like other similar suits and settlements - a big bank ends up paying a big insurance company.
      I just hate to see them being mega-subsidized with tax money while they loot and shaft their customers.
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  • Profile picture of the author KimW
    Both the banks and the insurance companies won. We are the ones that lost and got screwed.
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