The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, along with analysts Joe Magyer and Jason Moser, discuss the top business and investing stories.

In this segment, Bank of America (NYS: BAC) has agreed to spend more than $10 billion to settle mortgage claims from the housing meltdown crisis. The guys discuss where this money is going, and why this deal lets Bank of America put some major investor concerns behind it.


This deal may be a great way for Bank of America to put some concerns behind it and leave investors up on their investment. But you could be up much more over the long term. In fact, The Motley Fool wants to give you a 98.79% chance at beating the market. If you're interested in the best odds in the universe -- including more than a 70% chance at DOUBLING the market's return over the long haul -- here's some very good news for you... Motley Fool Supernova is reopening to new members for the first time ever on January 15! Get instant and free access to learn how you get these kind of market-beating odds by clicking here now.

The article Bank of America's Big Payout originally appeared on Fool.com.

Chris HillJason Moser, and Joe Magyer do not own any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup , and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


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