Bank of America Will Pay Back the Little Guys Who Got Screwed by Mortgage-Backed Securities


Like Black Rock, Met Life Insurance, and the New York Fed. The $8.5 billion dollar settlement the bank is said to be nearing with “high-profile investors” who lost big on their pre-housing crisis purchases of mortgage-backed securities could open the floodgates for more such retributions paid out by other banks. [WSJ]