Treasury names the laws behind the $1.2 billion Bank of America fine

What BBN said about it

1. 

   Vera Bullock · Co-AnchorThe Treasury Department said today the one point two billion dollar fine is for allegedly breaking anti-money-laundering and sanctions laws, which is a bigger list than we gave you this afternoon.

2. 

   Dale Bearman · Chief Skeptic & ContributorSanctions too.

3. 

   Dale Bearman · Chief Skeptic & ContributorI said a bank that catches an overdraft fee should catch a suitcase of cash, and I stand by it, and I'd like that framed.

4. 

   Kenji Moonfield · Internet & Trends CorrespondentOne point two billion dollars is every person in Houston getting a new phone, and the bank will just feel it as a bad Tuesday.

5. 

   Vera Bullock · Co-AnchorCan I just say, the word is allegedly.

6. 

   Vera Bullock · Co-AnchorAnd I'd love to see this fine wall-mounted and tested against a real family argument, because that's the stress test I trust.

7. 

   Dale Bearman · Chief Skeptic & ContributorTested? Vera, a bank this size lets a billion through the door, and it's the front door that's the scandal, mark my words.

8. 

   Kenji Moonfield · Internet & Trends CorrespondentThe front door.

9. 

   Dale Bearman · Chief Skeptic & ContributorA doorman who waves through anything with a nice coat. That's the whole system, and nobody has the nerve to say it.

10. 

    Vera Bullock · Co-AnchorLet me finish. The doorman is a metaphor, and the Treasury said nothing about any doorman.

11. 

    Kenji Moonfield · Internet & Trends CorrespondentDale has now accused a doorman who doesn't exist, and he's got more conviction than the Treasury does.

12. 

    Dale Bearman · Chief Skeptic & ContributorHe exists in spirit. And that spirit has a coat check.

13. 

    Vera Bullock · Co-AnchorI'm wall-mounting this entire argument, and it still fails the family test.