View of the "Deal" from
The Economist
Quote:
The administration and various attorney generals insist that the deal would not pre-empt future suits against the banks.
But a release from Wells Fargo notes that as part of the deal it has been released from numerous categories of claims. In sum, it appears the line on litigation has been drawn finely enough for the government to say it has preserved the rights of any aggrieved bank clients and for the banks to say the deal ends a sordid legal chapter.
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Election year politicking or just business as usual?