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Opening Bell: 12.17.14

2014-12-18 13:51:16| Paper - Topix.net

Countrywide Whistle-Blower to Receive More Than $57 Million A former Countrywide Financial executive who became a whistle-blower is collecting more than $57 million for helping federal prosecutors force Bank of America to pay a record $16.65 billion penalty in connection with its role in churning out shoddy mortgage and related securities before the financial crisis. Edward O'Donnell reached an agreement last week with the government that enables him to collect part of the settlement that Bank of America agreed to pay in August in a deal with federal prosecutors and a number of state attorneys general, according to a court filing.

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