BLOOMBERG Bloomberg Bottom Line August 21, 2014
Headlines today. Phil mattingly reports on president obamas options in iraq. With amarx is in irbil focus on iraq passes oil fields. With theinterview Kansas City Fed president. But first, on this thursday, we begin with bank of americas rectal record settlement. The bank has agreed to pay nearly 17 billion to settle allegations that misled investors in the sale of mortgage bonds. It is the toughest penalty yet related to loans that fueled the financial crisis. We did the best we could. I am proud of the fact we established the working group the president set up in january 2012. The chase deal...