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former house speaker newt gingrich blasted congress for, quote, an absurd dereliction of duty, end quote. if a federal court approves its deal with the justice department, countrywide financial will pay a record fine for a pattern of racial discrimination. the $335 million settlement follows years of unfair lending practices against qualified african-americans as well as hispanics. abc s jim avila reports. reporter: the superlatives were flying at the department of justice. the largest residential fair lending settlement ever reached in the history of our nation. this was one of the most extensive investigations in our history. reporter: but the $330 million settlement against the now defunct countrywide bank, once the largest home mortgage company in america, means at most the 200,000 discrimination victims will get no more than a couple of thousand dollars each in restitution. a minuscule amount compared to the $400 million former ceo of

Federal courtHouse speakerNewt gingrichEnd quoteCongress forDereliction of dutyCountrywide financialAbc newsLending practicesAfrican americansJim avila335 million35 millionDepartment of justice30 million330 million