[BANK OF AMERICA MONEY LAUNDERING] Today top banking institution Bank of America was fined $1.2 billion for failing to report money laundering and other forms of criminal activity to FinCEN in the excess of $5 billion. The reported fine rendered onto Bank of America has been considered to be the third largest fine rendered against a financial institution in history. Economic analysts appear to be split on this situation with some economic analysts taking the position that Ban
