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| Bank of America in record $16.7bn mortgage settlement http://www.x404.co.uk/forum/viewtopic.php?f=19&t=22467 |
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| Author: | pcernie [ Thu Aug 21, 2014 3:14 pm ] |
| Post subject: | Bank of America in record $16.7bn mortgage settlement |
http://www.bbc.co.uk/news/business-28880307 Assuming there was quite a ratio of difference between money made from the sales and actual value, that money then gets cleaned, invested and essentially off the books... Before likely being paid back to the government in relatively small instalments years after the fact with quite a bit of 'interest' made on top no matter how you look at it. |
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