Bank of America to pay nearly $17B over housing crisis
Clip: 8/21/2014 | 9m 19s
Will the $17B Bank of America penalty deter individuals from breaking the law?
Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier bank settlements might have on Wall Street and across the U.S., Hari Sreenivasan talks to Dennis Kelleher of Better Markets and Lynn Stout of Cornell University.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
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Bank of America to pay nearly $17B over housing crisis
Clip: 8/21/2014 | 9m 19s
Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier bank settlements might have on Wall Street and across the U.S., Hari Sreenivasan talks to Dennis Kelleher of Better Markets and Lynn Stout of Cornell University.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...