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Billion-Dollar Settlements Sting A-List Banks and Investors

September 4, 2014 by Louis Chunovic

The best known aphorism attributed to the late U.S. Senator Everett Dirksen, the honey-voiced Republican Minority Leader in the LBJ era, is “a billion here, a billion there, and pretty soon you’re talking real money.” One wonders what Dirksen would make of the multi-billion-dollar settlements that Goldman Sachs, Bank of America and other giant banks… Read More >>

Filed Under: Securities Operations, Industry News, General Interest, Industry News Tagged With: Bank of America, Elizabeth Warren, Fannie Mae, federal home loan mortgage corporation, federal national mortgage association, fees, FINRA, Freddie Mac, Goldman Sachs, Regulatory fine, residential mortgage backed securities, SEC, settlement, Truth in Settlements Act

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