Post Profile

Looking for a new apartment? How about a bank lobby?

Bank of America has been named Villain Number One by many of the Occupy protesters (not to mention most of the other 99%).  Bank of America has played a central role in the housing disaster. They bought subprime mortgage giant Countrywide Financial back in 2008. Of the $750 Billion in loans, about $250 Billion are in foreclosure. Deemed “too big to fail,” Bank of America was given billions in taxpayer money and trillions, yes trillions, in emergency loans.
read more


Related Posts

“America’s lobbying addiction”

Academics / Political Science : Election Law

Philip Wallach review: Lee Drutman’s new book, The Business of America is Lobbying, is mandatory reading for two groups of people: masochists and those of us who care about the future of self-government in America. After reading Dru...

Bank Of America To Pay $20 Billion To Settle Crappy Mortgage Investments

United States / New York : Gothamist

Bank of America is expecting to eat $20 billion in losses stemming from the bank's dealings in the subprime mortgage crisis several years ago. Investment firms, who bought portions of debt based on a raft of dubious mortgages thanks...

Fresh Questions Over a Bank of America Settlement

Business & Finance : DealBook

Bank of America has long rued its decision in 2008 to acquire Countrywide Financial, the subprime mortgage giant. But according to new documents filed in state Supreme Court in Manhattan, questionable practices by the bank's loan se...

Occupy SF: Protestors pitch a tent inside a bank branch

Business & Finance : Venture Beat

This afternoon news came to VentureBeat’s front door in the form of an Occupy Wall Street protest in the lobby of our building. Around a hundred Occupy protesters streamed into a Bank of America branch at 50 California Street, locat...

Bank of America Attempted To Foreclose On A Widow’s Home, Even Though The Mortgage Was Insured

News : The Inquisitr - News

A California widow nearly lost her home to overzealous Bank of America foreclosure proceedings, even though her late husband had taken out an insurance policy to protect her against that very thing, and even as she dutifully paid th...


Copyright © 2015 Regator, LLC