News and politics for the city of Jacksonville (FL), Florida, and the United States. Though I am a Libertarian/Socialist, my hope is to be as objective as possible in delivering news that should be important to you. In addition, this website can be useful for researching important moments in history. From the dawn of civilization to the present day, this website provides a plethora of valuable links for your research needs.
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
The Charlotte, N.C., bank says the settlement with 22 investors is subject to court approval and covers 530 trusts with original principal balance of $424 billion.
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