Housing Bubble Bust In America, Bank of America to pay $10 billion for foreclosure crisis

Since the housing bubble bust in America, millions of homeowners lost their homes to foreclosure. Bank of America was one of the financial institutions held partially responsible for the crisis, but now the bank is expected to pay more than $10 billion to Fannie Mae for mortgages gone bad. Anthony Randazzo, director of economic research for the Reason Foundation, sounds off on the issue and breaks down the winners and losers of this settlement.

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