Let's be fair and clear: this particular penalty is for unconscionably bad loans issued by now-defunct Countrywide Financial, before it was acquired by Bank of America in 2008.
But the disgusting miscarriage of justice remains: none of the folks who so profitably did the illegal stuff is going to jail. I'm waiting for the perp walk…
There hasn't been any jail time for nearly all of the folks who made so much money in ways that robbed so much money and so much security and so much peace of mind from so many Americans.
Why aren't the directors and shareholders of Bank of America outraged?
Why is Fannie Mae calmly accepting the $10 billion fine and claiming that justice has been done?
The BP perps?