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Keyword: bankofamerica

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  • Why Trump may be costing Democrats millions for their convention

    04/18/2016 8:56:00 AM PDT · by Trumpinator · 15 replies
    politico.com ^ | 04/18/16 05:34 AM EDT | Anna Palmer and Brianna Gurciullo
    Why Trump may be costing Democrats millions for their convention The GOP is struggling to raise cash from corporate donors, and now Democrats are feeling the pinch. By Anna Palmer and Brianna Gurciullo 04/18/16 05:34 AM EDT Republicans have been struggling for months in the shadow of Donald Trump to get corporate sponsors to pony up for their convention. Now Democratic fundraisers are feeling their pain, too. Several Fortune 500 companies — including Bank of America, Duke Energy and Time Warner —are taking a pass on chipping in for the Democratic convention in Philadelphia or, with just 100 days to...
  • Toxic oil loans create trouble for big banks

    04/14/2016 9:45:02 AM PDT · by PAR35 · 7 replies
    CNN ^ | April 14, 2016: 11:55 AM ET | Matt Egan
    ... Bank of America (BAC) on Thursday announced it set aside $997 million to protect from loan losses, mainly in the bank's $22 billion energy portfolio. Wells Fargo (WFC) warned of "significant stress" and "deterioration" in the oil and gas space. The problems there forced Wells Fargo to add $200 million in loan-loss reserves, its first increase to this rainy-day fund since 2009. And JPMorgan Chase increased its provisions for credit losses by 88%, mostly due to the oil, natural gas and pipeline business. It was enough to cause JPMorgan's (JPM) first drop in profits since late 2014. ...
  • Miserable Year for Banks: Stocks Suffer as Rates Stay Low

    04/12/2016 7:31:46 AM PDT · by Lorianne · 5 replies
    Wall Street Journal ^ | 10 April 2016 | Aaron Kuriloff, Riva Gold
    Financial shares are down sharply in 2016 even as broader markets have recovered; central-bank policies squeeze interest margins --- Bank stocks are having a terrible 2016, as central-bank policies, which for years lifted asset prices, are hurting the financial sector. The impact of economic stimulus efforts on lenders will get a fresh airing this week, as big U.S. banks begin reporting their earnings for the first quarter. Trading revenue is expected to have taken a hit, but the more enduring problem will be visible in the lenders’ net interest margins, the basic measure of bank profitability that gets flattened by...
  • Major Companies Press North Carolina on Law Curbing Protections From Bias

    03/30/2016 10:41:24 AM PDT · by Cyberman · 25 replies
    New York Times ^ | 3/29/16 | Jonathan M. Katz
    The onslaught of criticism, economic sanctions and a lawsuit being leveled at Gov. Pat McCrory of North Carolina grew on Tuesday, as the largest corporation in his state joined the fight against a new law that eliminated anti-discrimination protections for lesbian, gay, bisexual and transgender people. Bank of America, which has its headquarters in Charlotte, N.C., announced late Tuesday on Twitter that its leadership was joining over 80 chief executives, including Timothy D. Cook of Apple and Mark Zuckerberg of Facebook, in objecting to the new law. Earlier in the day, the chief executives published a letter, addressed to Mr....
  • Bank of America Merrill Lynch is firing traders worldwide

    03/08/2016 8:43:30 AM PST · by SeekAndFind · 20 replies
    Business Insider ^ | 03/08/2016 | Matt Turner
    Bank of America Merrill Lynch is cutting jobs in its global banking and markets business on Tuesday. The job cuts have already taken place in Asia, and they are working their way across time zones to Europe and now the US, according to people familiar with the matter. Arnaud Droitcourt, head of equity trading in Asia Pacific, and Robert Grillo, head of fixed income e-sales, are among those to have left, according to Bloomberg. A spokesman for Bank of America declined to comment. Business Insider reported last month that the bank had asked senior executives some weeks ago to draw...
  • Bank Of America Just Laid Out Why Its Clients Are Wrong About The Bond Market

    01/12/2016 12:29:52 PM PST · by blam · 10 replies
    BI ^ | 1-12-2016 | Matt Turner
    Matt TurnerJanuary 12,2016Bank of America Merrill Lynch's high-yield team is bearish. So bearish, in fact, that it is getting into debates with its clients and colleagues over exactly how bad it is. "It is our fear that many of the signs we see in high yield ultimately foreshadows further economic and risk asset malaise in 2016 and 2017," the team led by Michael Contopoulos said Monday in a note. "However, as we sort through the financial press releases and discuss our views with investors and internally, we realize our disposition is perhaps on the unconventional side of where most currently...
  • Protesters hijack Monday Night Football: Two men abseil from the stands and dangle unhindered

    11/03/2015 2:18:31 AM PST · by Libloather · 43 replies
    Daily Mail ^ | 11/03/15 | Kelly Mclaughlin
    Protesters hijack Monday Night Football: Two men abseil from the stands and dangle unhindered for TWO QUARTERS as Colts play Panthers - but how did they get rappelling gear past security? Two protesters rappelled down from the upper balcony to unfurl a banner protesting against Bank of America during Monday night's game between the Indianapolis Colts and the Carolina Panthers. The protesters dangled over fans in the lower bowl and in front of press-box windows in Bank of America Stadium in Charlotte, North Carolina, late in the third quarter, then displayed a banner telling the Charlotte-based financial institution to 'dump...
  • Meet the 41 Companies That Donate Directly to Planned Parenthood

    07/22/2015 1:21:17 AM PDT · by Morgana · 26 replies
    dailysignal.com ^ | July 21, 2015 | Melissa Quinn
    In the wake of two videos allegedly showing Planned Parenthood officials discussing the sale of aborted fetal body parts, Republicans in Congress are working to ensure that Planned Parenthood is stripped of its federal funding. However, it’s not only the government that fills Planned Parenthood’s coffers. According to 2nd Vote, a website and app that tracks the flow of money from consumers to political causes, more than 25 percent of Planned Parenthood’s $1.3-billion annual revenue comes from private donations, which includes corporate contributions. 2nd Vote researched the corporations and organizations to find which supported Planned Parenthood and found that more...
  • Companies to boycott over Rainbow nonsense

    06/28/2015 1:02:10 PM PDT · by FreeAtlanta · 120 replies
    vanity
    I saw a huge Delta Air Lines digital sign full of rainbows and "love" nonsense going into Atlanta yesterday morning. I am putting them #1 on my boycott list. Anyone care to add to the list?
  • Texas woman suspended from job after allegedly starting controversial McKinney pool fight

    06/11/2015 12:29:02 PM PDT · by Oliviaforever · 40 replies
    My SA ^ | 6/11/15 | Joshua Fechter
    A California-based company has placed a Texas woman on administrative leave for her part in a controversial pool incident in McKinney that went viral after footage surfaced of a police officer pinning down a 15-year-old black girl.
  • Democratic (and Obama) Fund-Raiser Nemazee Indicted In $292 Million Fraud

    09/21/2009 3:33:07 PM PDT · by pissant · 86 replies · 4,048+ views
    NasDaq ^ | 9/21/09 | Chad Bray
    NEW YORK -(Dow Jones)- New York businessman and prominent Democratic fund- raiser Hassan Nemazee was indicted Monday for allegedly defrauding three banks out of $292 million in loans. Nemazee, 59 years old, was charged with aggravated identity theft and three counts of bank fraud in the indictment. Each bank fraud count carries a term of up to 30 years in prison. A lawyer for Nemazee didn't immediately respond to a request for comment. Nemazee, who was involved in various presidential campaigns and once served as finance chairman of the Democratic Senatorial Campaign Committee, was initially charged criminally in August related...
  • Center for American Progress won’t account $5 million in donations

    01/22/2015 6:35:32 AM PST · by opentalk · 3 replies
    FireAndreaMitchell ^ | January 21, 2015
    Obama lackey John Podesta who founded the far left Center for American Progress is about as transparent as Obama. The Center of American Progress has been hiding it’s donor lists for month. Finally, today they were shamed into releasing a partial list of donors. Problem is Podesta’s Center for American Progress isn’t accounting for over $5 million in donations from ‘anonymous sources.’ Podesta will likely be a big part of Hillary Clinton’s run next year, if the old granny does in fact run. Wonder if she’ll get questions about her buddy Podesta’s missing $5 million. Funny too that you don’t...
  • Major corporations funding “gay” indoctrination in elementary schools across America.

    12/29/2014 7:27:53 AM PST · by massmike · 59 replies
    http://massresistance.com/ ^ | 12/29/2014 | n/a
    It's every parent's nightmare, but true: Major U.S. corporations are funding a campaign of sophisticated, psychologically intrusive "gay" indoctrination programs targeting very young children in elementary schools across America. It’s part of a very well-planned and well-funded effort to reach children as young as possible without their parents’ intervention. The national program, called “Welcoming Schools”, skillfully works on the minds of young children in three ways: (1) Introducing the concept of homosexuality to children. (2) Telling them that homosexuality is normal and natural. (3) Telling them that their parents or friends who portray homosexuality in a less than positive way...
  • Bank of America to Pay a Couple $1M for Automated Calls

    12/14/2014 7:54:57 AM PST · by Brother Cracker · 59 replies
    dakotafinancialnews ^ | December 13th, 2014 | Jennifer Langley
    A Federal judge has ordered the Bank of America to pay a Florida couple $1 million for a slew of automated calls that occurred over a four-year period. According to the order, the relentless calls violated the Fair Debt Collection Practices Act and the Telephone Consumer Protection Act and as such the bank must pay the couple $1,500 for every prerecorded message received. In a statement, Joyce and Nelson Coniglio said they were harassed by telephone calls repeatedly after telling the bank on multiple occasions to stop. The calls started after the Coniglio’s began having problems with their mortgage payments....
  • House Republicans Seek Answers from Eric Holder About Bank Settlement Money for Liberal Groups

    11/26/2014 6:52:33 AM PST · by Whenifhow · 38 replies
    The Blaze ^ | Nov 26, 2014 | Fred Lucas
    The Justice Department’s massive mortgage settlements against two bank giants requires them to give millions to liberal advocacy groups, and House Republicans are trying to find out why. House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and House Financial Services Chairman Jeb Hensarling asked Attorney General Eric Holder seeking details about who was involved in steering the funds from the Bank of America and Citigroup settlements this way, which they said was an unprecedented departure from other settlements. “It seems that the alleged victims are not the primary beneficiaries of these multi-billion dollar settlements,” the House chairmen said in the letter....
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Fake Story)

    11/08/2014 9:50:08 AM PST · by Bigun · 14 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking By Matt Taibbi | November 6, 2014 "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing. Back in 2006, as a...
  • Obama sued Bank of America because it did exactly what he had told it to do

    09/01/2014 5:51:00 AM PDT · by grundle · 9 replies
    wordpress ^ | August 31, 2014 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog Obama sued Bank of America because it did exactly what he had told it to do. Obama then gave some of the settlement money to left wing groups that he had worked for. While working as a “community organizer,” Barack Obama filed lawsuits which forced banks to give mortgages to people with bad credit and low incomes. As a result, many of these people ended up defaulting on their mortgages. As their attorney, Obama collected $23,000 in legal fees for himself.Then in April 2013, during Obama’s second term as President, the Washington Post reported that President...
  • DOJ To Give Money From Bank Of America Settlement To Liberal Activist Groups [formerly ACORN]

    08/29/2014 2:48:53 PM PDT · by grundle · 13 replies
    Judicial Watch reports that the Department of Justice is giving liberal activist groups money from a $16.6 billion settlement with Bank of America. The groups benefitting from the lawsuit, according to Investor’s Business Daily, are the National Council of La Raza, Operation Hope, National Community Reinvestment Coalition, and Neighborhood Assistance Corporation of America. The money also went to “delinquent borrowers” in Chicago, Oakland, Detroit, Philadelphia, and other major “Democrat strongholds.” “This is a wealth redistribution scheme disguised as a lawsuit,” Tom Fitton, president of Judicial Watch, told The Daily Caller. “And who benefits from the distribution? Interest groups the administration...
  • Pigford Redo – Holder To Give Funds From DOJ’s $16 Billion Bank Of America Settlement To Radicals

    08/28/2014 2:23:52 PM PDT · by Whenifhow · 25 replies
    http://theconservativetreehouse.com/ ^ | August 28, 2014 | Sundance
    (Via Judicial Watch) The Department of Justice (DOJ) keeps giving radical leftist groups that support President Obama huge amounts of cash collected from big banks to settle discrimination and mortgage abuse lawsuits filed by the government. Judicial Watch first reported the scheme two years ago when Countrywide Financial Corporation doled out $335 million to settle its discrimination lawsuit with the feds. The money was supposed to be distributed to more than 200,000 minority victims who supposedly were charged higher interest rates and fees than white borrowers based on their race not their credit. Instead, a chunk of the money went...
  • Holder cuts left in on $17 billion Bank of America settlement

    08/28/2014 9:42:53 AM PDT · by afraidfortherepublic · 29 replies
    Powerline ^ | 8-28-14
    Radical Democrat activist groups stand to collect millions from Attorney General Eric Holder’s record $17 billion deal to settle alleged mortgage abuse charges against Bank of America, Investors’ Business Daily reports: Buried in the fine print of the deal, which includes $7 billion in soft-dollar consumer relief, are a raft of political payoffs to Obama constituency groups. In effect, the government has ordered the nation’s largest bank to create a massive slush fund for Democrat special interests. The deal requires billions of dollars in debt forgiveness payments to delinquent borrowers. It also requires Bank of America to make billions in...
  • BofA Said to Cut 450 More Mortgage Jobs as Loan Demand Declines

    02/14/2014 6:28:57 PM PST · by massmike · 12 replies
    moneynews.com ^ | 02/14/2014 | n/a
    Bank of America Corp., the second-largest U.S. lender, is cutting 450 mortgage jobs from West Coast offices after new loans fell short of internal forecasts, said two people with direct knowledge of the plans. Affected employees were told yesterday about the eliminations, which involve workers who process new home loans, said the people, who asked for anonymity because the dismissals are private. California offices that will lose workers include one in Concord, and another in Pasadena that will be shut entirely, said the people. Bank of America’s latest round of cuts is at least the fourth time in a year...
  • Who Funds the Far Left? You’ll Be Surprised

    12/14/2013 3:20:29 AM PST · by afraidfortherepublic · 49 replies
    Powerline ^ | 12-13-13 | John Hinderaker
    The Center for American Progress is a left-wing organization that is closely associated with the Obama administration. Its principal product is a web site called Think Progress. Think Progress is part of the internet cesspool that modern liberalism has become. Written by hack left-wing bloggers, it is bitterly hostile to free enterprise. It is a low-rent site that traffics in the most absurd smears and conspiracy theories. Many have wondered for some years who finances far-left web sites like Think Progress. As of today, we know at least part of the answer, as CAP released its corporate donor list for...
  • U.S. Seeks $864 Million From Bank of America After Fraud Verdict

    11/09/2013 3:24:49 PM PST · by lbryce · 25 replies
    Yahoo Via Reuters ^ | November 9, 2013 | Nate Raymond and Jonathan Stempel
    The U.S. government urged that Bank of America Corp pay $863.6 million in damages after a federal jury found it liable for fraud over defective mortgages sold by its Countrywide unit. In a filing late Friday in the U.S. District Court in Manhattan, the government also asked for penalties against Rebecca Mairone, a former midlevel executive at the bank's Countrywide unit who the jury also found liable, "commensurate with her ability to pay."
  • Does Goldman have a better economic pulse than BofA? Why replace the latter in the Dow Index?

    09/11/2013 7:21:38 AM PDT · by SeekAndFind · 5 replies
    Fortune ^ | 09/11/2013 | Nin Hai Tseng
    Dow Jones says a goal of the 30-stock index is to capture the pulse of the broader economy. So why replace a rebounding Bank of America with Goldman Sachs? In the biggest change of the 30-stock index in nearly a decade, three companies will be replaced on the Dow Jones Industrial Average. Alcoa, Bank of America, and Hewlett-Packard are out, Nike, Goldman Sachs, and Visa (V) are in. The shake-up partly reflects declining fortunes and share prices, but the timing and reasons are nonetheless curious when we look at the departure of Bank of America (BAC). Like other big banks,...
  • Bank of America intern dies after reportedly working 3 straight days

    08/20/2013 5:28:47 PM PDT · by Dallas59 · 56 replies
    CNBC ^ | 8/20/2013 | CNBC
    A 21-year-old intern who worked grueling hours at Bank of America's London office died just a week before his internship was to conclude. Moritz Erhardt, who studied at the WHU-Otto Beisheim School of Management in Vallendar, Germany, reportedly had worked until 6 a.m. for three days straight and was found dead in his flat.
  • Anatomy Of A Lawsuit: SEC Vs. Bank Of America (BOAMS 2008-A) Mortgage-backed Security

    08/11/2013 4:23:40 PM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 08/11/2013 | Anthony B. Sanders
    The Securities and Exchange Commission (SEC) has filed a lawsuit against Bank of American over the BOAMS 2008-A securitization of a pool of adjustable-rate mortgages (ARMs). Here is the complaint filed by the SEC. The theme of the complaint is “fraud.” Let’s take a look inside the deal. Here is the prospectus supplement for BOAMS 2008-A dated January 25, 2008. The BOAMS 2008-A was a senior-subordinated, structured finance securitization. boams2008atr The pool of mortgage underlying BOAMS 2008-A were mostly from California, 100% were ARMs originated or refinanced in 2007, boams2008acollatcomp 83.1% of the loans had borrowers with FICO scores of...
  • San Diego jury erases 'stupid' chalk charges

    07/02/2013 9:33:02 AM PDT · by Usagi_yo · 19 replies
    Associated Press ^ | Jul 2, 9:40 AM EDT | ELLIOT SPAGAT
    SAN DIEGO JURY ERASES 'STUPID' CHALK CHARGES [ ... major snippage] The judge, who imposed a gag order on participants during the trial, refused to allow Olson's attorney to argue that the messages were constitutionally protected free speech. [... snip]
  • "I Give A Damn": A Capitalist Manifesto For The Productive Class

    05/28/2013 12:58:02 PM PDT · by SatinDoll · 4 replies
    Of Two Minds.com ^ | May 27, 2013 | Zeus Yiamouyiannis
    This essay is a call to citizens to put real work, ingenuity, and community above false promises and disgraced authority. Empowerment, in this essay, is not about pumping up self-esteem but rather equipping citizens to take control of the global economy. When political and economic leaders fail to act effectively, we will have to be the ones to succeed. Capitalism stands and falls upon care, not the superficial “I-feel-your-pain” type, but the deep, committed “I-give-a-damn” type. What does it mean to give a damn? “I give a damn” means: I get broadly and deeply involved, I refuse to ignore what...
  • Perez Framed Lenders As Racist In $600 Mil Shakedown

    05/20/2013 6:34:10 PM PDT · by jazusamo · 17 replies
    Investors.com ^ | May 20, 2013 | Paul Sperry
    New evidence has emerged that Assistant Attorney General Thomas Perez may have improperly prosecuted Wells Fargo, Bank of America and dozens of other banks for lending discrimination by using deficient mortgage data in investigations. IBD has learned the special prosecutor spearheading Perez's record number of statistics-based cases of racism against lenders told federal bank regulators in 2010 he lacked key home loan data needed to conduct the kind of iron-clad "regression analyses" that would hold up in court. Still, Perez's civil-rights division used the shaky data to force bank defendants into a record $600 million in settlements, including loan set-asides...
  • Obama to name Melvin Watt, NC congressman, to top housing finance post

    05/01/2013 4:52:22 AM PDT · by haffast · 11 replies
    Associated Press ^ | Updated: Wednesday, May 1, 12:13 AM | AP
    WASHINGTON — President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, a White House official said Tuesday. If confirmed by the Senate, Watt, D-N.C., a 20-year veteran of the House, would replace Edward DeMarco, an appointee of President George W. Bush who has been a target of housing advocates, liberal groups and Democratic lawmakers. snip The president was expected to name Watt on Wednesday, according to the official, who spoke on condition of anonymity ahead of the announcement. Watt’s nomination comes...
  • President Obama to Nominate Rep. Mel Watt as FHFA Director

    05/01/2013 4:14:55 AM PDT · by haffast · 8 replies
    Politic365 ^ | 4:21am May 1, 2013 | Lauren Burke
    President Obama will nominate Rep. Mel Watt (D-NC) today to be the Director of the Federal Finance Housing Finance Agency (FHFA). Many have called for the firing of the agency’s current director, Ed DeMarco. DeMarco has headed the agency since 2009 and was a Bush appointee. Watt’s nomination is subject to Senate confirmation. Watt played a key role in the he Dodd–Frank Wall Street Reform and Consumer Protection Act that is now law and has been an advocte for minority lending institutions. Watt is 67 and a graduate of Yale Law School. He has served in Congress since 1993 and...
  • A Rhodes-style China scholarship - ($300 Million)

    04/21/2013 8:00:05 PM PDT · by haffast · 4 replies
    The Hindu ^ | April 22, 2013 | Keith Bradsher
    The private-equity tycoon Stephen A. Schwarzman, backed by an array of mostly western blue-chip companies with interests in China, is creating a $300 million scholarship for study in China that he hopes will rival the Rhodes scholarship in prestige and influence. The programme, whose endowment represents one of the largest single gifts to education in the world and one of the largest philanthropic gifts ever in China, was announced by Mr. Schwarzman in Beijing on Sunday. The Schwarzman Scholars programme will pay all expenses for 200 students each year from around the world for a one-year master’s programme at Tsinghua...
  • Bank of America Struggles for Growth (Shares fall and drags rest of stock market with it)

    04/17/2013 9:25:57 AM PDT · by SeekAndFind · 18 replies
    Wall Street Journal ^ | 04/17/2013 | By SHAYNDI RAICE, SAABIRA CHAUDHURI and MATTHIAS RIEKER
    Bank of America Corp. BAC shares dropped Wednesday after first-quarter results fell short of expectations and showed the financial giant was struggling to boost growth in its core lending business. Revenue dropped 8.4% when an accounting charge related to the bank's debt was excluded. First-quarter profit of 20 cents a share was up strongly from a year earlier but came in two cents short of Wall Street's expectations. The results show that despite the bank's efforts to shrink its size and balance sheet, growth remains elusive amid low interest rates and intensified government regulation. Battle of the Banks It's that...
  • Menendez donor leveraged ‘Occupy’ movement to take aim at Bank of America

    02/09/2013 5:13:16 PM PST · by 2ndDivisionVet · 5 replies
    The Daily Caller ^ | February 8, 2013 | Charles C. Johnson
    The wealthy Florida eye doctor linked with Sen. Bob Menendez through copious cash donations and a private jet launched an anti-capitalist “astroturf” campaign to leverage the Occupy Wall Street Movement against Bank of America. Dr. Salomon Melgen’s organization, called Too Big To Care, was “inspired by the passion Occupy Wall Street Movement,” according to an October 2011 press release and “designed to provide a platform for the stories of 99%ers to be told and their voices heard.” The organization’s sparsely used Facebook account registered “likes” for occupy encampments in 40 different cities. But with few followers and friends on Twitter...
  • FBI: Man Attempted To Bomb Bank, Trying To Set Off US Civil War

    02/08/2013 4:19:55 PM PST · by blam · 55 replies
    NBC News ^ | 2-8-2013 | Pete Williams
    FBI: Man Attempted To Bomb Bank, Trying To Set Off US Civil War By Pete Williams, NBC NewsFebruary 8, 2013 The FBI, ending a sting, says it has arrested a California man after he tried to set off what he thought was a car bomb at a bank in Oakland. Matthew Aaron Llaneza, 28, of San Jose, was arrested Friday morning, capping a months-long undercover investigation, the Justice Department said. Agents say he met last November with someone he thought was connected with the Taliban but who was actually an FBI agent. Prosecutors say Llaneza proposed car-bombing a bank in...
  • Storm Panic Hits: B Of A Warns "Get Cash," FEMA Sees Blackouts

    02/08/2013 7:36:16 AM PST · by Biggirl · 22 replies
    http://washingtonexaminer.com/ ^ | February 8, 2013 | Washington Examiner
    In what may be the first full digital storm panic, federal, state and business officials worried about the snow headed for the Mid-Atlantic and Northeast have taken to Twitter warn that a potential disaster is coming.
  • Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims

    01/07/2013 12:44:50 PM PST · by neverdem · 50 replies
    CNSNews ^ | January 7, 2013 | Gregory Gwyn-Williams, Jr.
    Bank of America has reportedly frozen the account of gun manufacturer American Spirit Arms, according to its owner, Joe Sirochman. In a Facebook post dated December 29, Sirochman wrote the following:“My name is Joe Sirochman owner of American Spirit Arms. . . our Web site orders have jumped 500 percent causing our Web site e-commerce processing larger deposits to Bank of America. So they decided to hold the deposits for further review.“After countless hours on the phone with Bank of America, I finally got a manager in the right department that told me the reason that the deposits were on...
  • OUTRAGE! BofA Freezes Licensed Gun Manufacturer’s Deposits “We Believe You Should Not Be Selling

    01/06/2013 12:21:21 AM PST · by lowbridge · 81 replies
    On December 29, the owner of American Spirit Arms; Joe Sirochman relayed this chilling news via Facebook: All, My name is Joe Sirochman owner of American Spirit Arms and I wanted to share my recent experience with Bank of America .(which we have been doing business with for over 10 years)…. Everyone is familiar with the latest increase in guns sales , dealers selling out of inventory , Manufacturers back logged for months , large revenue all generated in the last two weeks …. American Spirit Arms is no exception to the overwhelming demand . What we have experienced is...
  • SolarCity US DOE loan approval fails

    09/26/2011 9:12:48 AM PDT · by martin_fierro · 9 replies
    PVTech ^ | 9/26/11 | Mark Osborne
    SolarCity US DOE loan approval fails According to news reports, US-based solar installation firm, SolarCity will not be able to complete and comply with documentation deadlines of September 30th to be considered for a US Department of Energy loan, previously announced. Earlier this month, the DOE had made a conditional commitment for a partial loan guarantee to SolarCity for PV system installations on residential and other buildings at US military bases. The US$344 million loan would go towards 371MW of new solar power generation capacity. The project, code named SolarStrong, will be led by SolarCity, with USRG Renewable Finance acting...
  • How's That Obamacare Waiver Workin' Out for Ya?

    11/16/2012 4:00:12 AM PST · by Kaslin · 31 replies
    Townhall.com ^ | November 16, 2012 | Michelle Malkin
    Exactly two years ago this week, the Obama administration announced it had issued more than 100 waivers en masse to a select group of companies, unions and other health insurance providers seeking relief from the onerous federal health care law. The Obamacare waiver winner's club now totals 2,000. Where are they now? Answer: In the same miserable boat as every other unlucky business struggling with the crushing costs and burdens of the mandate. Among the first and most prominent recipients of the Obamacare waivers for favors were large restaurant chains that provide low-wage, seasonal and part-time workers with low-cost health...
  • NASCAR Sprint Cup - Bank of America 500 at Charlotte Saturday Night - 10/13/12 - 7pm ET on ABC

    10/11/2012 9:50:38 AM PDT · by NormsRevenge · 80 replies
    NASCAR.com ^ | 10/11/12
    The Chase is over for most drivers, it's all for pride and a win if they can snag one.. and for Junior, it's a couple weeks off to let a concussion heal. Join us for Race#5 this Saturday Night, who knows who might show up?
  • Bank of America to Cut 16,000 Jobs by Year-End: Report

    09/21/2012 8:23:48 AM PDT · by SeekAndFind · 4 replies
    CNBC ^ | 09/20/2012
    Bank of America is planning to cut 16,000 jobs by year end as it speeds up a company-wide cost-cutting initiative amid declining revenues, "The Wall Street Journal" reported on Wednesday. Job cuts could begin in the company's European investment bank and sales and trading units as soon as Monday, sources told CNBC. Bank of America will begin layoffs in the U.S. on Thursday, September 27, sources said. The job cuts would put the second-largest U.S. bank a year ahead of schedule in eliminating 30,000 jobs under a program called Project New BAC. The job cuts could shrink the bank's workforce...
  • DNC Filling Panther's Stadium... the hype and what it means... your thoughts???

    09/04/2012 6:45:15 AM PDT · by dps.inspect · 54 replies
    9/4/12 | ME
    Just a vanity here... but the issue of the DNC filling the Panther's Stadium Thursday night has been rattling around my brain for a couple of days... like, what's the big whoop? It occurs to me that the DNC must present an image of the known universe being in support of Obama. But... Why? is it to stroke his image? to quell the doubts of those who voted for him but didn't get their new kitchen? to give a lolly pop to the dismayed? Probably just about anything you can come up with would be a legitimate answer to that...
  • Welcome to 'Panthers Stadium' (UPDATED) (Bank of America name not allowed by RATS)

    09/02/2012 4:15:33 AM PDT · by Libloather · 40 replies
    Politico ^ | 7/17/12 | MAGGIE HABERMAN
    Welcome to 'Panthers Stadium' (UPDATED)By MAGGIE HABERMAN | 7/17/12 7:38 AM EDT National Democrats have repeatedly touted their stand against taking corporate money for their convention in September, and so it was striking to see two emails from the DNC host committee referring to the Charlotte venue where President Obama will speak as "Panthers Stadium." It's the place where the Panthers play, but it's actually called Bank of America stadium. A recent email from the host committee signed by former Al Gore campaign manager Donna Brazile urged people to win a trip to Charlotte for the event, which will wrap...
  • Bank of Panther Stadium: Democrats and Transparency

    08/26/2012 4:12:15 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | August 26, 2012 | Derek Hunter
    Our self-described most transparent administration in history is at it again. The folks who claim executive privilege over documents in the Fast and Furious case yet maintain the president wasn’t involved have decided transparency is overrated. The people who meet with lobbyists in coffee shops near the White House to keep unseemly names off the official visitor logs, have decided we don’t need to know who pays for their convention. The Washington Post reports, “In its marketing materials, the party promises that the “people’s convention,”…will be the “most open and accessible ever.” But the names of donors, some of whom...
  • CBS, AP: Dem chair of House Oversight covered up ties to Countrywide for himself, colleagues,

    08/17/2012 7:14:11 AM PDT · by Hojczyk · 11 replies
    Hot Air ^ | August 17,2012 | ED MORRISSEY
    A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide Financial Corp. to exclude records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show. The procedure to keep the names secret was devised by Rep. Edolphus Towns, D-N.Y. In 2003, the 15-term congressman had two loans processed by Countrywide’s VIP section, which was established to give discounts to favored borrowers. Issa exposed Towns’ coverup by issuing a second subpoena, which disgorged all of the records: The effort at secrecy was reversed...
  • US court convicts Al-Haramain officials

    09/19/2010 9:19:54 AM PDT · by Nachum · 1 replies
    Arab News ^ | 9/19/10 | Ghazanfar Ali Khan
    RIYADH: A US court has convicted Pete Seda, cofounder of the Riyadh-based Al-Haramain Islamic Foundation in Oregon, of tax fraud and conspiracy, while another US court has dismissed the foundation's co-director Soliman AlButhi in the 9/11 terror-funding case filed by the families of victims of the attacks. "Such judgments indicate a sharp contrast in the American position and explicitly explain how Islamophobia is on parade in the US," said Thomas H. Nelson, the attorney representing AlButhi.
  • Corporate cooties! DNC rebrands Bank of America Stadium as ‘Panthers Stadium’

    07/17/2012 7:33:24 AM PDT · by sunmars · 33 replies
    Now that the Democrats are gearing up to hold their September convention at the stadium, they can’t even bring themselves to type the words “Bank of America.” You know, because corporations are totally greedy, especially when they’re associated with the bankster one percent. For the record, Bank of America Stadium has never been called “Panthers Stadium.” Bank of America purchased naming rights in 2004, replacing L.M. Ericsson Inc. as the corporate (gasp!) sponsor. Prior to that, the facility was known as Carolinas Stadium. Yep, can’t have President Obama associated with an icky corporation when he delivers his keynote address at,...
  • Man sues strip club over $50,000 credit card bill

    07/08/2012 6:46:50 AM PDT · by ConservativeStatement · 33 replies
    The Tampa Tribune ^ | July 7, 2012 | JOSÉ PATIÑO GIRONA
    TAMPA -- A man enters a Clearwater strip club. He leaves three hours later thinking he's spent $600. A few days later he checks his credit card account and learns he was charged $50,000. There's no punchline or joke. That's what Lokesh Simon James said happened to him after a March night spent at the Bliss Cabaret, 3860 Ulmerton Road.
  • 3 Years After Taxpayer Bailout, Bank of America Ships Jobs Overseas[Philippines]

    05/29/2012 12:26:02 PM PDT · by Theoria · 35 replies
    Mother Jones ^ | 29 May 2012 | Josh Harkinson
    Your account information will now be accessible to call center workers in the Philippines. Bank of America, which last fall announced plans to lay off 30,000 workers, is about to go on a hiring spree—overseas.America's second-largest bank is relocating its business-support operations to the Philippines, according to a high-ranking Filipino government official recently quoted in the Filipino press. The move, which includes a portion of the bank's customer service unit, comes less than three years after Bank of America received a $45 billion federal bailout.Roman Romulo, deputy majority leader of the Philippine House of Representatives, bragged to the Manila Standard...