Wednesday, December 11, 2013

UPDATE ON THE BANKSTER'S TOTAL PENALTIES & FINES

Forbes gives an estimate of the total amount the banksters have been on the hook for because of their role in the Great Recession.
$86B And Counting: 2014 May Be Wall Street's Worst Year Yet For Mortgage Trouble
Halah Touryalai, Forbes Staff
12/11/2013 @ 3:54PM

Since 2010, the Street’s six biggest banks by assets have shelled out $85.8 billion in settlements tied to the credit and mortgage crisis.

JPM’s total credit and mortgage settlements since 2010 adds up to $26.4 billion–the second largest amount.

It’s Bank of America that has the biggest tab among the big six banks by a long shot. BofA has coughed up $43.9 billion in credit crisis and mortgage related settlements since 2010 with its most expensive year in 2011 when it agreed to pay $22 billion.

No comments: