By Evan Weinberger (August 21, 2014, 5:25 PM EDT) -- Bank of America Corp.'s nearly $17 billion Thursday mortgage-backed securities settlement generated a large headline number for the U.S. Department of Justice, but it did little to hold the bank and its executives accountable for actions that helped lead to the financial crisis, critics said.
The $16.65 billion dollars that Bank of America agreed to shell out represents a record settlement between the U.S. Department of Justice and any single company, and follows a structure established by earlier settlements with JPMorgan Chase & Co. and Citigroup Inc. where a large segment of the payout constitutes so-called consumer relief. However, it also...
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