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Does $1,000 Fix Everything for Harmed Bank Customers?

By Matt Koppenheffer and David Hanson - Apr 13, 2013 at 10:49AM

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Should the banks and consumers both be happy with now the foreclosure settlement went down?

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. 

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Stocks Mentioned

Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$33.86 (-1.71%) $0.59
Citigroup Inc. Stock Quote
Citigroup Inc.
C
$49.75 (-0.06%) $0.03
JPMorgan Chase & Co. Stock Quote
JPMorgan Chase & Co.
JPM
$117.34 (-0.82%) $0.97
Wells Fargo & Company Stock Quote
Wells Fargo & Company
WFC
$41.67 (-0.79%) $0.33

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