Mid-day Update

PODCAST: Bank of America settles for $16.65 billion

David Brancaccio Aug 21, 2014
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Mid-day Update

PODCAST: Bank of America settles for $16.65 billion

David Brancaccio Aug 21, 2014
HTML EMBED:
COPY

News broke Thursday morning that Bank of America will pay $16.65 billion for misleading consumers by dressing up faulty mortgages ahead of the economic crisis. David chats with New York University Professor Lawrence White about what that means for B of A. Then, Mesirow Financial’s Susan Schmidt joins us ahead of the big convention in Wyoming to help predict when the Federal Reserve could start raising interest rates.

After that, we turn our attention to Africa, where an Ebola outbreak is causing devastating loss of life. Kate Davidson looks at the economic impact on Sierra Leone, Guinea and Liberia.

Finally, Globalist Editor-in-Chief Stephan Richter stops by the Marketplace studios to deliver another quiz, this time on poverty.

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