1. Bank of America Settles on Mortgage Securities
... be the single biggest settlement after the economic crisis that began in 2008 (Schwartz). "I think this is huge," said Michael Mayo, a bank analyst with Credit Agricole in New York. "It's about time the industry resolves issues from the financial crisis and focuses more on righting their companies and improving the economy. This is the most significant step since the financial crisis ... on the recovery of the housing market," she said. "The healing of the housing market is essential to the recovery of the broader economy" (Schwartz). "We'd love never to talk about this again and put it...
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate