Bank of America Fined $33 Million: This Is Justice? »
By Randall Holcombe | Tuesday August 4, 2009 at 8:39 AM PDT | 5 Comments
Here’s the story: The Securities and Exchange Commission (SEC) accused Bank of America of concealing information from investors regarding bonuses paid to Merrill Lynch execs prior to the Bank’s take-over of Merrill. Bank of America has settled the issue by paying $33 million to the federal government, without admitting any wrongdoing. SEC officials say...
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Tags: Business, Money and Banking, Personal Liberty, Property Rights




























