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Slamming Bank of America with fines slams victims

U.S. District Court Judge Jed S. Rakoff really, really, really wanted to toss out a $150 million settlement between Bank of America Corp. and federal regulators this week. He called the agreement "half-baked justice," "inadequate and misguided" even as he approved it, fingers firmly grasping nose. Rakoff had already nixed an earlier, $33 million agreement between the ...

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