BOA Settles With Investors For $8.5 B...

BOA Settles With Investors For $8.5 Billion

There are 2 comments on the WFMZ story from Jun 29, 2011, titled BOA Settles With Investors For $8.5 Billion. In it, WFMZ reports that:

In the biggest reckoning of the 2008 financial crisis, Bank of America said Wednesday it will pay $8.5 billion to investors burned by fraudulent mortgage securities.

Join the discussion below, or Read more at WFMZ.

mustg94

Philadelphia, PA

#1 Jun 29, 2011
oh wow
mitchell moss

Charlotte, NC

#2 Jul 23, 2011
It dosen`t seem fair that BOA would make refunds to mortgage holders because of deminished value of property that is mortgaged, unless these same mortgage holders would also reduce home owners balances by same percentages.
It appears that all focus is on the more affulent group than on the citizens who are losing their homes.If my mortgaged property is worth 20% less and the bank had refunded 20% to the mortgage holder, why should I not also get a 29% reduction in my balance?

Wayne Moss(currently under-water holding on to mortgage, not life-raft)

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