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Feds Announce Record Settlement With Bank Of America, Creating Tax Fund And Potential Tax Deductions New York City, Dubai, Architecture, New York Buildings, Architecture Building, Tower, Bank Of America, Building Facade, Architect

Calling it "the largest civil settlement with a single entity in American history," Attorney General Eric Holder and Associate Attorney General Tony West announced that the Department of Justice had reached a $16.65 billion settlement with Bank of America Corporation. What does it mean for the company, consumers and taxpayers? Read on.

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