Bank of America announced a $2.8 billion settlement with Freddie Mac and Fannie Mae on Monday. The American-owned firms demanded that Bank of America buy back mortgages whose quality was misrepresented by Countrywide, which is owned by Bank of America. Louise Story, Wall Street and finance reporter for The New York Times analyzes the implications of the settlement.
Despite recent speculation that Wikileaks may have more evidence of fraud, Wall Street investors see this settlement as Bank of America moving on.
Defining Normal After a Diagnosis of Schizophrenia, The Mayor of Oklahoma City, A New Kind of Commencement Speech
The DSM and Mental Health in America
Lessons From a Female Union Electrician
Diplomatic Damage Caused by Drone Strikes, In Defense of the DSM-5, Bob Woodruff's Advice for New Grads
Defining Normal After a Diagnosis of Schizophrenia
The show is a co-production of WNYC Radio and Public Radio International, in collaboration with New York Times Radio and WGBH Boston.
Major funding provided by:
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.