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I_m Katherine Curtis. Welcome to Naked News. We_ve got the latest in TV, music, a sexy weekend weather forecast AND your Boob of the Week all lined up for you today. So let_s get busy Here is Peyton Priestly to start us off with a Naked News Bulletin. Thanks Kat. Morgan Stanley has agreed to pay 2.6 billion dollars, to settle federal charges for its role in the housing bubble that triggered the 2008 financial crisis. They_re the latest major bank to pay billions to settle with the US Justice Department, following in the footsteps of Citigroup, Bank of America, and JP Morgan Chase. The feds accused Morgan Stanley of packaging bad loans into mortgage-backed securities. Big US banks have now paid 130 billion dollars in settlements linked to the economic meltdown.Tech giant Apple is being forced to make a hefty payment of its own. A federal jury in Texas found the company guilty of infringing three patents with its iTunes software. As a result, Apple has been ordered to pay nearly 533 million dollars to patent licensing firm Smartflash LLC. In a statement following the decision, Apple said it intends to appeal the ruling.And a Washington DC law legalizing marijuana was put into effect on Thursday – despite a lack of approval from congressional Republicans. Washington Mayor Muriel Bowser had been warned by two House Republicans that implementing the marijuana bill would break federal law. At a press conference on Wednesday, Bowser urged Congress not to overturn a bill that 7 in 10 Washington voters were in favor of. The new pot regulations allow people over 21 years of age to carry up to two ounces and grow up to six plants in their own yards. We_ll be right back.


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