It’s not one but ALL of them! What are the chances??
The Street-
Bank of America’s (BAC) $16.65 billion mortgage settlement is done, so it’s time for Tony West, the architect of that deal, to get rich.
Never mind that at least 11 similar mortgage fraud investigations are still open. Though the $16.65 billion fine being paid by Bank of America includes only $9.65 billion in cash, it will undoubtedly be the largest. So why should West, the Associate Attorney General and the U.S. Department of Justice’s (DOJ) third-ranking official, bother finishing the job in relative obscurity when a private sector payday awaits?
West will step down effective Sept. 15, according to a statement posted Wednesday on the DOJ website.
image credit: ibabuzz.com/ AP
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