Back in September of 2009, we wrote about Bank of America’s legal troubles due to paying out $3.6 billion in bonuses to Merrill Lynch employees before the buy out. As an update, Bank of America’s Chief Operating Officer, Kenneth Lewis, was sued by New York Attorney General Andrew Cuomo, and the bank agreed to pay $150 million to settle.

Although settling a lawsuit is some clear indication of making a wrong right through financial compensation, are those responsible and liable for bad decisions during tough economic times able to just pay their problems away? Are they too big to go to jail?

Posted by Adrienne on February 17, 2010 at 2:48pm.