Bank Of America still promoting ACORN offices across the country (and La Raza) on its website

Bank of America is even still referring people to the ACORN offices caught on tape. A sample from the banks' website:

We work with local and national organizations to bring potential homebuyers education and financial resources to obtain a mortgage.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgage products to potential homeowners in Phoenix. For more information, call ACORN's Phoenix office at 1.602.253.1111 or visit the website at www.acornhousing.org.

* NCLR. Bank of America works with National Council of La Raza (NCLR) to provide affordable mortgages to the people of Phoenix. NCLR offers homeownership counseling and Bank of America provides special mortgages. Call Community Housing Resources of Arizona office at 1.602.631.9780 for more information.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgages to potential homeowners in Los Angeles. For more information, call ACORN's Los Angeles office at 1.213.747.4210 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgages to potential homeowners in Oakland. For more information, call ACORN's Oakland office at 1.510.436.6832 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgages to potential homeowners in Sacramento. For more information, call ACORN's Sacramento office at 1.916.455.1795 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing Corporation to provide special mortgages to potential homeowners in San Diego. For more information, call ACORN's San Diego office at 1.619.231.8327 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing Corporation to provide special mortgages to potential homeowners in Connecticut. For more information, call ACORN's Bridgeport office at 1.203.366.4180 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing Corporation to provide special mortgages to potential homeowners in Tampa. For more information, call ACORN's Tampa office at 1.813.258.1474 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgages to potential homeowners in Miami. For more information, call ACORN's Miami office at 1.305.438.9061 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgages to potential homeowners in Atlanta. For more information, call ACORN's Atlanta office at 1.404.525.0033 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgages to potential homeowners in Chicago. For more information, call ACORN's Chicago office at 1.312.939.1611 or visit the website at www.acornhousing.org.

* NCLR. Bank of America works with National Council of La Raza (NCLR) to provide affordable mortgages to the people of Chicago. NCLR offers homeownership counseling and Bank of America provides special mortgages. Call Resurrection Project office at 1.312.666.1323 for more information.

* NCLR. Bank of America works with National Council of La Raza (NCLR) to provide affordable mortgages to the people of Kansas City. NCLR offers homeownership counseling and Bank of America provides special mortgages. Call NCLR's El Centro office at 1.913.677.0100 for more information

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgages to potential homeowners in Baltimore. For more information, call ACORN's Baltimore office at 1.410.752.2228 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing Corporation to provide special mortgages to potential homeowners in Boston. For more information, call ACORN's Boston office at 1.617.436.6161 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing Corporation to provide special mortgages to potential homeowners in Las Vegas. For more information, call ACORN's Las Vegas office at 1.702.384.3022 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing Corporation to provide special mortgages to potential homeowners in New York City. For more information, call ACORN's NYC office at 1.218.246.8080 or visit the website at www.acornhousing.org.

* ACORN. Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing Corporation to provide special mortgages to potential homeowners in Dallas. For more information, call ACORN's Dallas office at 1.214.823.9885 or visit the website at www.acornhousing.org.

Jan 2007...

NASD Fines Bank of America Unit $3 Million

BY JAIME LEVY PESSIN AND DAVID ENRICH The National Association of Securities Dealers fined a Bank of America Corp. unit $3 million for allegedly failing to comply with antimoney-laundering rules in accounts held by billionaire brothers Sam and Charles Wyly.

The fine, which the NASD said was the largest it has levied against a financial institution for antimoney-laundering violations..."

http://online.wsj.com/article/SB117012246594391878.html?mod=rss_markets_main
____________________________________________________

March 2007...

Is Bank of America jeopardizing our national security?

How else does one explain the alarming and dangerous policy by this powerful financial institution? I’ve heard some on the far left argue that this policy is nothing more then helping “immigrants” access a tiny bit of the “American Dream”. Of course they “left” out the key ingredient in this equation, and that is that Bank of America’s new credit card policy is purposely marketing and targeting its promotions to “illegal’s”…people breaking the law.

Imagine a banking institution, that I assume is regulated by the federal banking industry knowingly encouraging, breaking the law of the land. Giving out credit cards to undocumented and dare I say again, “illegals”. No Social Security number, no driver’s license, no passport…nothing, zip, zero. Of course Bank of America has been extremely vague, as to how one identifies a customer. Do they need to show US residency?

And if so isn’t Bank of America aiding and abiding in a criminal act, by the very nature of their actions? And what of criminal acts that have been or may be committed by illegal’s using funds provided by Bank of America to perhaps fund illegal activities or worse yet acts of terrorism? Does Bank of America bare any liability? ..."

http://www.broowaha.com/article.php?id=891

The collapse of the Nation's economy was precipitated by ACORN's criminal extortion of lending institutions. Food stamps were considered "income" for mortgage loans made to marginal people who had no proof of a job or US citizenship.

If applicants were breathing and could make an "X" on the loan app, they got the money. ACORN criminally extorted companies to make stupid loans to greedy deadbeats who defaulted---sticking taxpayers with the bills. Read on.

FLEET (RENAMED BANCAMERICA) AGREES TO LOAN PROGRAM
$120M PLAN TARGETS MINORITY HOME BUYERS
Boston Globe - Wednesday, September 27, 1995
Author: Kimberly Blanton, Globe Staff

Fleet Financial Group Inc., which is seeking federal approval to acquire Shawmut National Corp., has agreed to a $120 million, national loan program for minority home buyers. The Association of Community Organizations for Reform Now, ACORN , will oversee the program, which it negotiated in recent weeks with Fleet and its Atlanta mortgage subsidiary, Fleet Finance.

Under the program, the Fleet companies will make loans to low-income and minority home buyers in seven cities, including Boston and New York. ACORN ‘s program brings to more than $600 million Fleet’s commitments in recent months to affordable housing, mortgages, and small business loans.

The programs, analysts said, are part of Fleet’s efforts to mute opposition from community groups and state agencies as it seeks the approval of federal regulators to purchase Shawmut.

Fleet, said James Moynihan, a senior vice president of Advest Inc. in Boston who follows the company, is trying “to keep everybody happy.” He expects the merger to be approved in early November.

The agreement with ACORN , which has criticized Fleet’s lending policies, is notable because it is national in scope and includes the first commitment for loans by Fleet’s mortgage company, in addition to loans by the bank itself (now known as BancAmerica).

“This is one of the bigger [loan programs] we had on a national level so we’re feeling pretty good about that,” said Maude Hurd, president of ACORN , which has organizers in black and Hispanic city neighborhoods in 30 states. “We have signed the papers.”

Through loan applicants who apply to ACORN, Fleet and Fleet Finance will provide $120 million over three years for home loans for low- and moderate- income home buyers, Hurd said. Another $30 million was promised to continue an existing Shawmut loan program. Other cities in which the loans will be made are: Bridgeport, Conn., Milwaukee and three western cities; Denver, Phoenix and New Orleans. Houston is also being considered.

The program will start as a pilot in three cities, Fleet said, and if successful will be rolled out elsewhere. Fleet spokeswoman Meg Pier downplayed the ACORN program’s connection to the merger, saying it is “representative of those we’ve had historically.” Indeed, before Fleet announced the merger it negotiated a $140 million loan program with union housing activist Bruce Marks. But the pace of Fleet’s dealmaking with community groups has quickened in recent weeks as the merger approaches.

Before Massachusetts would agree to the merger, Attorney General Scott Harshbarger obtained $210 million from Fleet for small business and consumer loans. Connecticut got another $207 million. And the Massachusetts Association of Community Development Corporations and the Massachusetts Affordable Housing Alliance negotiated nearly $50 million in loan programs from Fleet. Hurd said her organization insisted on including Fleet Finance in the program because it operates “in a lot more places than Fleet Bank itself and certainly a lot more ACORN cities.”

Talks between Fleet and ACORN broke down a year ago because Fleet was unwilling to include the finance company in the agreements. Fleet Finance two years ago settled legal actions against its loan practices in Georgia, and the company is currently facing a lawsuit by Michigan customers.

ACORN criticized the mortgage company at August hearings by the Federal Reserve, claiming a failure to make enough loans in minority neighborhoods in Milwaukee, Oakland, and Chicago. “They’ve definitely had a history and they should be included” in the new loan program, Hurd said. ACORN ‘s biggest loan program, with NationsBank of Charlotte, N.C., provides $270 million over three years to low- and moderate-income home buyers in five cities.

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