America are saying not so fast. Im jen rodgers in for ali velshi and this is real money. This is real money, and you are the most important part of the show. Tell us what is on your mind by tweeting and facebook. Another big bank pays big for pedalling toxic assets, but banc of americas payout is the biggest yet. Bofa has agreed to pay nearly 17 billion. 9. 7 billion will go as straight cash, another 7 billion will go as relief to consumers in the form of Loan Modifications and the like. Its the biggest settlement amount ever for a u. S. Bank. Its roughly equal to the total profits for the past year. As part of the deal with federal and state agencies, b ofa admits the poor quality of the loans. It problems may not end here. But the deal with the government looks a lot like the other big settlements we see with seen lately with Jpmorgan Chase and others. Many, but not all of the financial shenanigans that got banc of america in trouble were done by countrywide financial and merrill lynch. Both companies were in deep trouble, and with government prodding banc of america bought merrill for 50 million. It also bought countrywide for 4 billion. But bofa is still paying seven years on. Banc of america acquired countrywide for 4 billion back in 2008 and has been paying ever since. B ofa has now paid out another 26 billion in fines and penalties since 2010 all stemming from the risky lending practices. Cofounded, and based in southern california, countrywide became americas largest singlefamily mortgage leader. This former butchers son lead the charge. Offering loans to people with little or even poor credit was higher risk at any mortgage company. But countrywides lending standards were exceptionally lax. Some people were allowed to purchase home with no money down. He then sold the faulty loans to investors. In 2010 the Securities Exchange commission claimed fraud. He settled agreeing to a 67. 5 million payment. Banc of america paid 20 million of the fine. A criminal probe followed in 2011, but the Justice Department eventually dropped the investigation. Todays settlement resolved dozens of outstanding allegations involving countrywide. But for this man the battle continues. The the watchdog in the nations capitol sued the Justice Department to try to get records of the investigation. Melanie sloan is the executive director of the Watchdog Group and joins us from washington. What do you think of today seats todays settlement. Why is it angelo and nobody else ever went to jail . It seems like you can bring to the u. S. Economy to the brink of collapse and yet no one has to prosecution. So it didnt over here as we said, you know, we are expecting there will be 11 other settlements, the government is busy still working on this. But what would you like to see to ensure accountability for the mortgage crisis. Well, now the statute of limits will have run on most people who could be prosecuted. But we would like to see the Justice Department held responsible. So crew is hoping to get ahold of some of the documents that would have shown exactly the exsent of his conduct, and then ask why he wasnt prosecuted. Lets look at what could be in his cards. He has made a bunch of money in an sec settlement. There could be more civil charges coming for him. He thinks he is being singled out here. What do you think of that . Certainly no one embodied the crisis like he did, but many many others ought to have been prosecuted too. And he is just one of many who seems to have entirely escaped. These people were too big and too rich to be prosecuted. What do you do about that . How is this not repeated again . A lot of people in washington think they are working very hard to try to get justice for this, but you dont think its following through. Where is the disconnect . Its not just me that doesnt think so, the department of justices own Inspector General found that this is a low priority. I think its a big disappointment for so Many Americans when we know we would be held accountable for any kind of fraud, and yet we have these people who are bringing the American Economy to the brink of collapse and escaping any fines. What is too big to prosecute . What do you mean by that . Why do you think they are too big to prosecute . Obviously these cases are very, very complex, and its far easier for the Justice Department to prosecute drug dealers than these complex transitions. But if we want to provide a real disincentive to this kind of conduct in the future, were going to have to see people go to jail. Fines, really, for most of these banks are not significant to them. They will go on and continue on engaging in risky kind of behavior, and then they will just pay a fine later for it. Given what you know about the case, and there could be further charges for this man, do you think that something will stick . Right now, they are only talking about a civil case against mr. Mazillo. So my guess is he will engage in some sort of settlement. All right. Melanie sloan joining us from washington, d. C. Well just a couple of decades ago, ferguson, missouri was a thrivering middle class suburb, well looked at what changed before the racial crisis that grips the city now. That and more as real money continues. Keep it here. Saturday on tech know. I cannot imagine being trapped in ruble like this. A miraculous new invention. This if finder. Its a victim detection radar. That could save your life. As long as your heart is beating, we can detect you. Tech know. Every saturday, go where science meets humanity. This is some of the best driving ive ever done. Even though i cant see tech know. Were here in the vortex. Saturday, 7 30 eastern. Only on Al Jazeera America. Now available, the new al jazeea america mobile news app. Get our exclusive in depth, reporting when you want it. A global perspective wherever you are. The major headlines in context. Mashable says. Youll never miss the latest news they will continue looking for survivors. The potential for Energy Production is huge. No noise, no clutter, just real reporting. The new Al Jazeera America mobile app, available for your apple and android mobile device. Download it now order seems to have been restored to the streets of ferguson, missouri. That has prompted the missouris governor to withdraw the National Guard from the area. But last night was the quietest night since the arrests began. Police said they only arrested six compared to 46 the night before. Meanwhile the grand jury has begin to determine whether the Police Officer who shot Michael Brown should be charged with a crime. And demonstrators have been calling on the prosecutor handling the investigation to step down. Latest. Good evening, you can see behind me the streets are very calm as the sun is going down in ferguson. Also police units starting to arrive, awaiting the protesters that will come out tonight. Its about 95 degrees as we speak right now, and humid, very hot, but you can see the boarded up windows of some of the local businesses across the street from me. Theres even entrepreneurs, selling tshirts in honor and respect of 18yearold mike brown who was shot and killed just two blocks away, actually right down the street here. The National Guard are on their way out. By my count theres about six or seven vehicles there still, and they are packing up and leaving. And the country pos cuter under a lot of pressure to get off of the case. His father was a Police Officer and was shot and killed in the call of duty out on the street by a black man, so a lot of the people here think that perhaps he has a bias, and that he will not have the amount of evidence that the grand jury needs to take a look at to make a decision, and were also told that that grand jury will end their Decision Making sometime in october. So a long time coming. Well see whether the protesters decide to take to the streets for that long. But tonight, police are out, were not sure how many protesters will be here, but if its as peaceful as last night, i guess thats a good thing. When you look at the numbers of what you lapped two nights ago, and what is happening this night. You are there talking to people. Do you get a sense at all of what we can expect tonight . Reporter i my sense is truly that we will get peace tonight. I think well probably have a couple hundred people to come out. Last night there was a few hundred and these terrible storms came in and everyone had to leave. But im guessing well have a couple hundred out here tonight. A lot of this peace has come from the elders in the community. A lot of the religious folks that the police spoke to and said if you could, come out here and walk with these youth and tell them to sort of simmer down and talk respectfully to everyone. And that seems to have been happening the last couple of days. So if the leaders come out tonight im expecting peace, if they dont make their way out, you never know. There is always a bad apple in the crowd. Thank you so much. The anger hasnt been limited to ferguson. People across the country are expected to take to the streets to protest the shooting. Its the nationwide day of rage being organized by anonymous. Demonstrations are expected to take place in some 40 cities including los angeles where jennifer london is standing by jennifer . Reporter well, i can tell you expectations so far not being met here at this park in south l. A. This socalled day of rage was scheduled to begin about 15 minutes ago, and we have a handful of park goers here and i counted four people that tell me they are here for this protest. We have been out here for a couple of hours, and spoke to one gentlemen about an hour ago, and he said he was just here to enjoy the park and didnt know there was a scheduled protest. And then we saw an l. A. Police officer come through, and he spoke to them and they said they were here for the protest that was scheduled and they were also doing routine patrols. This time last week at this same park, there was a gathering of around 200 people, and they were here to protest the shooting death of Michael Brown in ferguson, and they were coming together for a National Moment of silence, and talking about the Racial Discrimination they say they all feel throughout the country. The protest, though, remained very peaceful, jen. It was passionate but peaceful. But as far as this rally is concerned, so far were now about 17 minutes past when it was supposed to gather, there really isnt much of a rally here. All right. Jennifer london in los angeles. Thanks so much. During his visit to ferguson yesterday, eric holder said he experienced racial profiling by police in his past. It is a situation that faces many middle class black residents in ferguson on a daily basis according to this man. Norm there has been a lot of talk about poverty in ferguson. But how big is the middle class presence there . The poverty the population that is experiencing poverty or at the pofferty line is about 30 of the community. So were talking about 70 of the Community Remains fairly vibrant and middle class. How has ferguson changed in the last few decades . In some of what has happened is that as the cities have gotten rid of large scale housing projects and begun to depopulate, initially those these suburbs outside of cities were and in st. Louis in particular, were home to middle class families who were moving out to get the same things, they were pursuing the american dream. But as the housing projects began to be knocked down, and door residents who lived in those projects needed homes, they began to be shuffled out into the more suburban enclave. So places where middle class africanamericans were living, where middle class africanamericans were living they are were slowly becoming populated by a a a population that was renting. They werent owning the homes. Right. And that is what has been happening in ferguson, right . Exactly. What problems then given that transition, but also given that there is a large middle class. What problems are africanamericans in that middle class in ferguson what kind of changes are they facing . I think they are confronted in part because you have the kinds of problems that are associated with poverty in those enclaves where poorer residents are living, and that includes crime and violence, gang activity, which means that police are beginning to respond to that behavior, but the middle class kids living in those communities dont look any different. Who police are stopping kids on the street, and stopping not only the kids that are active in gangs and maybe drug activity, they are stopping kids from families that are trying to do the right thing. So what is the knockon effect of that, if you have both of these communities together, the police are heavily i mean in some cases people say they are overpolicing, and as you say they are having a tough time sorting out. So what does that mean for the middle class . I think it becomes uncomfortable. It becomes tense at best. It makes the way people see their community change. It has had an effect on loans to those you know, so the kind of money that is being invested in those communities. And it makes it really difficult for the community to grow. So when you see what is happening there right now, and given what you know about it, what do you think are any solutions that can be implemented for what is going on in the community, especially when you look at this large middle Class Population that you say is uncomfortable . Well, the work i have been doing is to try to support those communities that are experiencing that disadvantaged economic and social situation. They need strengthening in terms of empowerment; there needs to be resources provided to them so they can begin to get a footing. In the last two decades as a result of the changes in welfare policy, there are people who are moving more and more into a spiral of poverty, because there arent any resources available. Norm white thank you for bringing your resources and telling us about this. St. Louis university, norm white. Driving in circles searching for a park spot. Some App Developers say there is a better way to find one, but some cities are standing in the way. That and more coming up. Al Jazeera America presents smile and look at the camera. Edge of eighteen i thought grades would get me into college. The tough realities the bullying became too much to take for me. My parents basically hated each other. Facing our kids thats not how life works, apparently. Look what i have for you. You cant have it. Im not giving up my father cant take those dreams away from me. Dreaming big ive got to get into at least one of these top schools. Theres no way i cant. I would like to run for president of the united states. Confronting fears i have a confession to make. I dont wanna have to take out loans. I took the pregnancy test. Making their future, real that dream was crushed, youre done. You werent good enough. Fifteen cameras, one incredible journey let me experience life, let me fly, let me be a bird. I know what i want, i know what i have to do to get it. Revealing, intimate, unexpected you will not believe what just happened. This is life im just gonna prove my family wrong. On the edge eighteen only on Al Jazeera America ask any driver in a big city about their biggest headaches and parking has got to be high on the list. A number of Technology Companies are trying to change that, but some are landing in the cross hairs of controversy, and boston is the latest. An app maker introduced an app to allow drivers to sell out parking spots with other users. Boston passed an ordinance that effectively bans the app. Mary snow has more. Parking in my neighborhood is tough, and i know the street spot i have right now is in high demand reporter app developer haystack sees dollar signs on city streets. Use its app to alert drivers that you are leaving your parking lot, and get 3 to save it for another haystack user. Haystack gets 0. 50. Boston put the breaks on haystack and others like it, saying parking spots are on public space. In june San Francisco issued a cease and desist order to monkey parking. San francisco drivers also face a 300 fine for violating the citys order. Start up suite and park moto operating. Can you think of any other public asset that is so mismanaged and just left to take care of itself and thats why these App Developers come in and mismanagement. Reporter the professor blames cities for not charging more for Parking Spaces during peak demand. Cities ought to think the way an app developer thinks and say how can i use this new technology to finance better blocks . Reporter one thing seems certain, theres opportunity in parking. Mary snow, al jazeera. The apps in boston and San Francisco, focus on users swapping out park spaces, but there are a number of other companies around the country using technology that helps drivers pay for parking or pell. Them find spots. This raises a question of public property versus intellectual property. And were getting both sides tonight. We have the founder and ceo of haystack technologies. And eric you say its information. The city says you are selling the public spot. But you are profitting off of something we all have the right to, to park, right . Its a social Parking Community that allows neighbors to exchange information, and neighbors have every right to exchange that information, and if we can help make this inefficient system a little bit more efficient, then thats a good thing for those individuals and cities. Critics say you are creating an inherently unfair system. What if you dont have a smartphone or your battery ran out. What if people started driving an hour in just to park by fenway, and then they can sell that spot for a lot . You can kind of changing the rules of the game, right . Were just making a really bad game simpler. And haystack is only an option, and by the way, a l