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by flourpower 5397 days ago
Even after excluding a big mortgage related charge, Bank of America's net income last year was only 756 million dollars. If you estimated that each of the named banks would have to pay out an eighth of the 20 billion with the other ten billion dollars spread out across unnamed banks, you'd still be charging them 3 times what they make in a year. That's more than a slap on the wrist.
1 comments

Just wait. They'll all settle out of court for a tenth of the price and the government will pat themselves on the back with a victory.