State Attorney Generals And Banks Prepare Settlement

Posted By on November 16, 2010

CNBC’s Diana Olick reports that the investigation into the biggest financial fraud in recent history is about to be closed.  State AGs are nearing a settlement with banks, which will slap a few wrists, see banks put some money in a settlement fund, and will result in some principal reductions.  Then everything will be well again.  Oh, and banker bonuses are set to  surpass 2009 levels!

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