Wednesday, December 08, 2010

I Guess We'd Better Give Them Some More Free Money

Fines are just part of the cost of doing business.

Bank of America Corp. has agreed to pay $137 million in restitution, interest and other penalties to hundreds of U.S. counties, towns, school districts, train, bus and airport systems, and other local-government entities it ripped off with bid-rigging by the bank's employees and bond consultants in the late 1990s and early 2000s.