Transcripts for CNN CNN Newsroom 20131021 18:45:45 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
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dollars to resolve several federal investigators. the justice department has been looking into accusations they misrepresented bad mortgages it sold to investors leading up to the 2008 financial crisis. once finished, that could be the biggest settlement from a single financial institution in the wake of the 2008 crisis. alison kosik is over at the new york stock exchange watching all of this. that s a huge number, alison. $13 billion. it really is huge. but it is something, believe it or not, p morgan still can handle. keep in mind this settlement still needs to be finalized. if it is finalized, that $13 billion billion penalty would wind up being split into two. $9 billion would go into fines, to penalties, it would go to the government. $4 billion would go for what they re calling consumer relief, not recompletely sure what that means. it could mean it would go toward some type of loan modification. past mortgage settlements resulted in refinancings for
with even his allies blasting the launch of the su r centerpiece of his long awaited health care aform, president obama said today it is helping americans find health insurance at a reasonable cost. as for the website failures that have hampered potential sign-ups, the president said there is no excuse for that. nobody is madder than me about the fact that the website isn t working as well as it should. which means it s going to get fixed. [ applause ] and in the meantime, you can bypass the website and apply by phone or in person. okay, so he s told us that. he s also said, the president has launched a tech surge to fix the website problems, but he never said exactly what it is that s prevented many users from signing on and he didn t say who is to blame.
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