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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David Hanson owns shares of American International Group. Matt Koppenheffer owns shares of American International Group and Bank of America. The Motley Fool recommends American International Group and Bank of America. The Motley Fool owns shares of American International Group and Bank of America and has the following options: long January 2016 $30 calls on American International Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.