Posts Tagged ‘Bank of America’

Aug
2014
1

A Billion Here, a Billion There: Bank of America Will Challenge Latest Mortgage Crisis Settlement

A Billion Here, a Billion There: Bank of America Will Challenge Latest Mortgage Crisis Settlement
  The Justice Department has ordered Bank of America to pay $1.27 billion for fraud that occurred at Countrywide Financial Corp., which sold bad loans to Freddie and Fannie Mac as part of a program it had named “Hustle.”  The program was designed to move mortgage products quickly with little regard for quality. It played [&hellip...
Jan
2014
15

Documents Reveal Bank of America Employs a Team of 20 Full-Time Social Media Spies

Documents Reveal Bank of America Employs a Team of 20 Full-Time Social Media Spies
  A public records request in the state of Washington shows that Bank of America employs over 20 full-time social media “trolls” in order to monitor the activities of supposed “anarchists” and “Occupy protesters.”  The documents show that the Bank of America works closely with the FBI, state and local police, and...
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Sep
2013
30

BoA Mortgage Crisis Trial Prosecutors: “The Promise of Quality Was Largely a Joke”

BoA Mortgage Crisis Trial Prosecutors:
  In New York, the first trial against a major bank over the mortgage practices that led up to the 2008 mortgage crisis has been brought against Bank of America. Lawyers claim BoA committed “massive fraud” when it sold loans it promised to be of investment quality to Fannie Mae and Freddie Mac.  At the [&hellip...
Mar
2012
20

TAIBBI: Bank of America “is like the world’s worst-behaved teenager…”

TAIBBI: Bank of America “is like the world’s worst-behaved teenager…”
Matt Taibbi’s artcile, “Bank of America:Too Crooked to Fail,” has been opening people’s eyes to the troubling relationship between Bank of America and the U.S. Government. Taibbi’s well-written and informative article takes a sarcastic tone at points as he points out the absurdity that of a nation allowing such an...