Cash has begun to make its way to homeowners who were wronged by the big banks' foreclosure processes. The payments are part of the settlement that is meant to compensate consumers for the banks' wrongdoing.
In this video, Motley Fool banking analysts Matt Koppenheffer and David Hanson grade the settlement and give their take on how the banks and the consumers should feel.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. 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.
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