The U.S. government has settled with 10 banks over faulty foreclosure practices, with banks such as Citibank, Bank of America, Wells Fargo and JP Morgan Chase agreeing to pay $8.5 billion to foreclosed mortgage holders.
To break down what the settlement means and where the country goes from here, host Carmen Russell-Sluchansky talked with David C. John, a senior research fellow in retirement security and financial institutions at the Heritage Institute, and James Angel, an associate professor of finance at Georgetown McDonough School of Business.
Podcast: Play in new window | Download
