Bank of America Caught Rigging the Markets — AGAIN! DOJ Lets Them Walk After Slap-on-the-Wrist Fine

The Real Headline Should Read: "Bank of America Manipulates Markets, Escapes DOJ Charges Because They’re Too Big to Jail" The Justice Department just handed Wall Street another get-out-of-jail-free card. Bank of America Securities, Inc. — the powerful investment arm of one of the largest banks in the world — just cut a sweet little deal with the DOJ. Instead of facing prosecution for market manipulation involving U.S. Treasuries (yes, the very thing that keeps the whole financial system afloat), they’ll “resolve” the criminal investigation by paying $5.56 million and pretending that’s accountability. Let’s break this down. Between 2014 and 2020, two traders working inside BofA’s U.S. Treasuries desk ran dirty schemes to rig the system. One of them — Tyler…