Description: Bank of America to pay a $16.65 billion settlement to the federal government and six states for mortgage securities fraud that lead to the financial crisis.

Source: CNNMoney.com – video report

Date: Aug 21, 2014

Link: http://money.cnn.com/video/news/2014/08/21/bank-of-america-settlement-17-billion-mortgage-securities-fraud-doj-holder.cnnmoney/index.html

Questions for Discussions:

• Evaluate the settlement agreed to in this case.
• Do you think jail time for individuals should be pursued?
• How might that effort affect future management behavior?