08.29.2014

Obama’s low-income, community lending shakedown reaches $128 billion

By Robert Romano $128 billion and counting. That is Investor’s Business Daily’s latest tally of settlements the Obama Justice Department has extracted from the U.S. banking industry in connection with the 2008 financial crisis, as Bank of America agreed to another $17 billion in payouts over losses stemming from its 2009 acquisition of Countrywide. Included is $5 billion as a penalty paid to the federal […]

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