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

2 years agoAcademics : Brainstorm

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.
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Mortgage Woes Stall Bank of America's Revival

Business & Finance : DealBook (3 years ago)

The 37 percent decline in Bank of America's earnings reflects the persistent burden of Countrywide Financial, the subprime mortgage lender it bought in 2008. Read Post

Nationwide Protests In British Banks’ Lobbies

Business & Finance : PSFK: Finance & Money (3 years ago)

Protesters have been holding demonstrations outside high street banks around the UK and have succeeded in occupying a number of branches in the biggest direct action to date to highlight the banks' role in driving the financial cris... Read Post

Morning Agenda: Bank of America and U.S. Far Apart on Deal

Business & Finance : DealBook (yesterday)

Bank of America and the Justice Department are still far apart on resolving a mortgage investigation. | Argentina has found a relentless foe in Paul E. Singer's hedge fund firm. | G.E.'s Synchrony Financial will begin trading on Thu... Read Post


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