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fraudulent mortgage securities

Wrecking an Economy Means Never Having to Say You're Sorry

“The megabanks are finally feeling the hurt for the depredations of the mortgage era. That’s what the government, and some in the financial press, too, would have us believe. Bank of America is reportedly about to fork over a whopping $17 billion dollar settlement to the Justice Department, topping the previous record of $13 billion paid to the government by J.P.