This brief article points to another example of how the ruling One Percent ensconced in major banks conceal their crimes with deceptions that are widely disseminated by mainstream media. In this example Americans have been lead to believe that justice has been served in the case of fraudulent practices committed by the Bank of America. You see, the system works! (sarcasm)
However, the author uses financial media sources to reveal the real truth:
On Thursday, the US Department of Justice (DOJ) announced that it had reached an anticipated $16.7 billion settlement with Bank of America. The settlement related to charges that BoA and two banks it purchased, Countrywide Financial and Merrill Lynch, knowingly sold toxic mortgage assets to investors prior to the 2008 financial meltdown.
The $16.7 billion price tag is a deception. A majority of the money is either tax deductible or designed to support BoA while costing it nothing.When members of the ruling class commits crimes which severely damages the economy of the entire society, nobody is prosecuted. When someone like Michael Brown in a St. Louis suburb allegedly steals cigars, he is executed. Ain't capitalism wonderful?