For the second time this week, the government filed civil charges against a major player in the global economic crisis only to simultaneously announce the charges had been settled.
The first time, federal regulators announced that Bank of America agreed to pay $33 million to settle allegations that it failed to properly disclose plans to pay millions in bonuses to Merrill Lynch employees. A federal judge refused to approve that settlement on Wednesday, saying it may not be fair to the public, according to Reuters.
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