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Settlement includes a record $4 billion. that's $4 billion with a "b." a $4 billion penalty for their misdeeds along with $2.5 billion earmarked for so-called consumer relief. that reportedly will go to helping those struggling to pay their mortgages and to finance affordable housing. today's announcement is the latest of justice department settlements with the big banks. november, jpmorgan chase settled for a landmark $13 billion, a sizable chunk of the tunes and fees that big banks have agreed to pay in the fallout from the credit crisis. "wall street journal" has been keeping a stunning tal...

Its knees six years ago now. settlement includes a record $4 billion. that's $4 billion with a "b." a $4 billion penalty for their misdeeds along with $2.5 billion earmarked for so-called consumer relief. reportedly will go to helping those struggling to pay their mortgages, finance affordable housing. today's announcement is the latest of justice department settlements with the big banks. november, jpmorgan chase, a land mark $13 billion, a sizable chunk of the fines and fees big banks agreed to pay in the fallout from the credit crisis. "wall street journal" has been keeping a stunning tally...

Jpmorgan chase had to scoop up bear stearns and washington mutual responsible for jpmorgan problems. there is plenty of blame to go around. >> you got that right. what does this deal mean for consumers. those people who have lost their homes and have not gotten them back. >> so there is a good chunk of money that b of a is expected to put toward consumers. "wall street journal" reporting that $5 billion of 12 billion is expected to go to what's known as consumer relief. things like reducing homeowners principle amounts and monthly payments and spruce up neighborhoods where the crisis left aban...

Off by themselves, the money would not be as high as we are talking about today. we would not have the consumer relief. >> now you have the thing signed, sealed and delivered. you had personal conversations with jamie dimond. he is a master deal maker. you went from $3 billion to settle narrow complaints to the very big deal. what was it like? what was it like trying to negotiate the deal? >> it was an intense experience, obviously. when you are talking about something this large and significant to so many people around the country, it will be quite intense and engaged. i think the personal le...

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