BofA Said to Near $17B Mortgage-Probe Settlement

Aug. 7 (Bloomberg) -- Bank of America is nearing a $16 billion to $17 billion record settlement with the U.S. Justice Department to end probes into sales of mortgage-backed bonds that fueled the financial crisis, according to a person familiar with the matter. Bloomberg Contributing Editor Bill Cohan weighs in on “Market Makers.” (Source: Bloomberg)

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