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BofA's $17B settlement not as large as it appears

WASHINGTON (AP) — Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Departm ent will increase that toll, but not by a full $17 billion. That sensational amount, which would be the largest mortgage settlement to date with the department, is expected to include $7 billion in consumer aid. But as with previous settlements with JPMorgan Chase and Citigroup, the true cost of...

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