Italy Seizes Bank of America Assets In Derivatives Fraud Probe

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"more than 519 municipalities that grappling 990 meg euros in derivatives losses"As the excerpt indicates, its a bounteous problem, and Bank of America is not the only bank involved. But they are a bounteous player, and actively using derivatives to 'rip customer's faces off' as they saying goes.Why does this happen? Bank of America just declared they will be paying, on average, a $400,000 incentive per employee be Sure you bookmark this page. Thanks...
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