Back in the summer of 2011, Bank of America (NYSE: BAC ) agreed to an $8.5 billion legal settlement with a group of private investors that included AIG (NYSE: AIG ) . That settlement amount has been approved but AIG can still re-argue the case. Even if Bank of America has to pony-up another billion dollars, will it even have an impact on long-term investors?
In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson debate the impact of this settlement on the two institutions. Matt highlights of the size of the two companies' equity bases and why any impact will be nearly immaterial.
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