Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $52,930
62%  
Woo hoo!! And we're now over 62%!! Thank you all very much!!

Keyword: bankofamerica

Brevity: Headers | « Text »
  • 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...
  • Morgan Stanley Joins Citigroup, Bank of America in the Doghouse

    05/09/2012 2:58:54 PM PDT · by SeekAndFind · 1 replies
    The Street ^ | 05/09/2012 | Dan Freed
    NEW YORK (TheStreet) -- Morgan Stanley (MS) shares have had a rough 2012, underperforming those of major competitors by so large a margin that the bank is now lagging even perennial post-crisis losers Citigroup(C) and Bank of America(BAC) according to certain metrics. Morgan Stanley shares have risen just 4.69% through Tuesday, well behind Citigroup, the next-worst performer among the largest six U.S. banks with gains of more than 19% so far in 2012. Bank of America, still the top performer in 2012 despite having lost more than 15% in the past month, has seen its shares rise more than 40%...
  • E Mail from my friend:

    05/08/2012 4:17:08 AM PDT · by SMARTY · 16 replies
    4-29-2012 | Kelly D. McMillan
    Fortunately I sold all the B of A stock I had in Mid 2007 prior to the collapse. I never bought their stock but the shares I had in a small well managed regional bank Barnett was bought out by Nations and when they and B of A merged I ended up with that awful company. Read the May 14, 2012 , Article in Rolling Stone magazine by Matt Taibbi: "too crooked to fail" if you have the time or inclination. This travesty below is not a one off or just politically correct decision - they are inept and corrupt...
  • Gun manufacturer says Bank of America doesn't want its business

    04/27/2012 6:43:55 PM PDT · by NoLibZone · 10 replies
    foxnews.com ^ | April 27 2012
    An Arizona-based firearms company says it is being treated unfairly by Bank of America for the type of business it does, a claim the bank denies. Kelly McMillian, operations director of the McMillian companies – which makes rifles, ammunition, gunstocks and related firearms equipment – said a bank vice president explained at a meeting last week that he no longer wanted McMillan's business because the companies manufacture firearms. “This has nothing to do with our financial position,” McMillian said Friday. “He said the bank needed to assess the risk of doing business with a firearms manufacturer.” McMillian said he was...
  • Bank of America to McMillan Rifles: 'Drop dead'

    04/20/2012 12:28:36 PM PDT · by pabianice · 89 replies
    The Truth About Guns ^ | 4/20/12 | Zimmerman
    [UPDATE: In an email late this evening, Ryan McMillan has confirmed the validity of this story.] When the Bank of America was founded back in 1904, no one ever thought that it would one day truly be the Bank of America. As in (partially) government owned. Just like Government Motors, Chrysler, the entire student loan industry and more, the federal government’s insatiable grasping tentacles are woven throughout one of the world’s largest commercial bank and brokerage operations. And as has always been true, if you take the king’s shilling, you’re damned well going to do his bidding. The folks...
  • Occupy St. Pete Elders demonstrating against big banks at Bank of America today

    03/09/2012 10:19:38 AM PST · by GILTN1stborn · 5 replies
    ABC Action News-Tampa ^ | 03/09/2012 | Kristal Roberts
    ST. PETE, Fla. - Customers who come to the St. Pete Bank of America on Third St. S will be greeted by protesters telling them to take their money else where. Occupy St. Pete Elders will host a demonstration at the bank Friday to urge customers to ditch big corporate banks for credit unions or small community banks instead.Read more: http://www.abcactionnews.com/dpp/news/region_south_pinellas/st_petersburg/occupy-st-pete-elders-demonstrating-against-big-banks-at-bank-of-america-today#ixzz1oe2XTspU
  • Things At Bank Of America Are So Bad, Merrill Lynch Brokers Want To Join... Wells Fargo

    02/18/2012 1:34:46 PM PST · by SeekAndFind · 3 replies · 1+ views
    Business Insider ^ | 02/18/2012 | Ben Walsh
    Earlier in the week, we posted the criticisms leveled at Bank of America by the former head of their Merrill Lynch brokerage unit, Lyle LaMothe. LaMothe said he grew weary of the emphasis on the "goals of the bank rather than specific needs of Merrill's brokers and clients" and that many brokers were dissatisfied. Following that post, we received a series of emails from a source close to the company backing up LaMothe's claims that Merrill Lynch brokers are increasingly unhappy at Bank of America. The source said that "many brokers are saying they are not happy with management and...
  • New York Sues Banks Over Mortgage Registry System[MERS]

    02/03/2012 10:23:02 AM PST · by Theoria · 8 replies
    WSJ ^ | 03 Feb 2012 | Chad Bray
    New York Attorney General Eric T. Schneiderman sued three of the nation's largest banks over a private national mortgage registry system, contending it has resulted in a wide range of deceptive and fraudulent foreclosure filings. The lawsuit, filed in New York State Supreme Court in Brooklyn, names units of Bank of America Corp., J.P. Morgan Chase & Co. and Wells Fargo Corp. as defendants, as well as MERSCorp., which owns and operates the Mortgage Electronic Registration Systems, known as MERS. In his complaint, Mr. Schneiderman alleges that MERS has effectively eliminated the public's ability to track property transfers because those...
  • The Bank of (Democratic Party) America

    01/18/2012 4:01:43 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | January 18, 2012 | Michelle Malkin
    Well, isn't this rich? And I do mean rich. President Obama, man of the people, will deliver his presidential nomination acceptance speech at the Bank of America Stadium in Charlotte, N.C. -- so that Democratic Party fundraisers can reward big donors with skyboxes and other lavish perks. As usual, the White House and its allies are trying to camouflage naked partisan money-grubbing in populist garb. "I think this would be a great opportunity to have tens of thousands of North Carolinians and others outside of the state to see and participate in the convention process," one North Carolina Democratic Party...
  • Picture emerges of teen suicide pilot (Alexander Felos and the Tampa teen suicide pilot)

    04/05/2005 9:15:39 AM PDT · by alwaysaskingquestions · 20 replies · 1,819+ views
    St. Petersburg Times ^ | January 8, 2002 | Curtis Krueger, Katherine Gazella, Ed Quico
    Picture Emerges of Teen Suicide Pilot CHARLES BISHOP: To some, he was a smart, humorous student, which makes his suicide flight all the more incomprehensible. By CURTIS KRUEGER, KATHERINE GAZELLA and ED QUIOCO © St. Petersburg Times published January 8, 2002 ----------- Charles Bishop was a teacher's dream. He read Shakespeare in class, pulled together a middle school literary magazine and enjoyed a good game of flag football. Friends and family members who knew him best described Charles as a patriot. The teen who flew an airplane into the Bank of America building, carrying a note sympathizing with Osama bin...
  • Kamikaze Small Plane Pilot Hits Tampa's Tallest Building

    01/05/2002 11:00:54 PM PST · by stuck_in_new_orleans · 66 replies · 719+ views
    A fifteen-year-old student pilot apparently trying to recreate the 9/11 kamikaze attack on the World Trade Center slammed a stolen Cessna 172 private airplane Saturday into Tampa, Florida's Bank of America building, the city's tallest structure. Charles J. Bishop, a 15-year-old flight student from Great Britain, stole the small aircraft from Albert Whitted Municipal Airport in nearby St. Petersburg at about 5 p.m., law enforcement sources said. Bishop was killed as the Cessna carrying 56 gallons of fuel slammed into the Bank of America tower, leaving the tail section of the plane dangling precariously from its side. The fuel did ...
  • Owner of A/C That Crashed Into Tampa Building Was Publically Pro-Arab!!!.

    01/05/2002 2:13:06 PM PST · by MindBender26 · 295 replies · 5,465+ views
    Part of article from St. Pete Times after Sept 11. "Robert C. Cooper, president of National Aviation Flight School and Aviation Rentals, stressed that the extra security cannot be done at the expense of those of Middle Eastern descent. "I don't want to get involved in profiling," he said. "I have faith in my government. I have to work on the belief that my government has basis to allow them into the country and show them proper respect." end of article. Cooper is head of National Aviation Holdings that owned A/C. Many Florida flight schools train Arab students. Wonder if ...
  • BofA settles unfair lending claims for $335 million

    12/21/2011 2:22:50 PM PST · by alex2011 · 60 replies
    Attorney General Eric Holder said a federal probe found discrimination against at least 200,000 qualified African American and Latino borrowers from 2004 to 2008, during the height of the housing market boom. He said that minority borrowers who qualified for prime loans were steered into higher-interest-rate subprime loans.
  • FHFA reviews GSE mortgage servicer contracts (Obama has bailed out Bank of America)

    12/10/2011 12:02:33 PM PST · by Halfmanhalfamazing · 5 replies
    Housingwire ^ | December 9th | JON PRIOR
    The Federal Housing Finance Agency is looking into contracts between the government-sponsored enterprises and mortgage servicers to determine the best step to take when a servicer fails to perform well. In the third quarter, Fannie Mae bought back mortgage servicing rights from Bank of America covering $74 billion in unpaid principal balance, according to its third-quarter financial statement. It was 11% of the Fannie loans being serviced by BofA.
  • Corrupt from the top down!

    12/01/2011 6:25:24 AM PST · by TheDailyChange · 10 replies
    I wonder how much longer it will take before there is a rush where main street Americans are fed up and pull all their money from these Banking institutions which many contend are nothing more than Fraud / Bankster's. People in good faith have been trying for months/years to settle with Banks, HAMP, HARP,Yada..yada..yada government programs which have proven to be an utter failure. If Banks are unwilling to work with homeowners, at what point do you think homeowners will just say SUE ME? Good luck squeezing blood from a turnip so to speak.
  • Bank of America stock nearing $5 danger zone

    11/29/2011 4:49:30 PM PST · by rabscuttle385 · 23 replies
    CNN Money ^ | 2011-11-29 | Maureen Farrell
    NEW YORK (CNNMoney) -- Another trading day and another low for Bank of America's stock. Shares of Bank of America dropped more than 3% Tuesday, hitting a new 52-week low of $5.03 -- its lowest level since March 12, 2009. After the close of trading Tuesday, Bank of America was one of 37 financial institutions downgraded by S&P. Beyond the S&P downgrade, trading could become even more complicated in Bank of America's stock, if it falls below $5. Under that threshold, many broker-dealers will not allow investors to buy or short a stock on margin, according to a spokesperson for...
  • Bank of America, Cisco back down after firing traditional marriage supporter

    11/22/2011 11:01:27 PM PST · by ReformationFan · 26 replies
    LifeSiteNews ^ | 11-22-11 | Kathleen Gilbert
    WASHINGTON, November 22, 2011 (LifeSiteNews.com) — In a rare successful pushback against the pro-gay rights corporate culture, customers of Bank of America and the Cisco Corporation have won a promise from the two companies not to discriminate against employees or vendors who publicly oppose same-sex “marriage.” The National Organization for Marriage’s (NOM) Corporate Fairness Project announced Nov. 7 that both companies, which the leading gay rights group Human Rights Campaign had rated favorably, backtracked on a decision to cancel seminars by Frank Turek, who is a traditional marriage advocate. Frank Turek was 'fired' by both Cisco and Bank of America...
  • Video: 'Occupy' demonstrators storm Bank of America, TD Bank branches in downtown Amherst

    11/18/2011 8:42:07 AM PST · by matt04 · 49 replies
    The various "Occupy Wall Street" demonstrations around the country declared Thursday to be a "day of action" in the ongoing protest of big banks and Wall Street policies that they blame for a sagging economy. While thousands protested in Manhattan, Los Angeles and other cities, several hundred people took to the streets of downtown Amherst. According to video supplied to The Republican by Julie Varney of Amherstwire.com, demonstrators assembled in front of Bank of New England branch at South Pleasant and Amity Streets. At one point, the footage shows demonstrators storming into the bank lobby to disrupt business. After several...
  • Occupy San Francisco protesters take over Bank of America lobby

    11/16/2011 6:40:20 PM PST · by Siena Dreaming · 17 replies
    la times blogs ^ | Nov 16, 2011
    Occupy San Francisco demonstrators and student protesters have taken over the lobby at a Bank of America branch in the city’s financial district, chanting “We are the 99%!”
  • BofA employees flood bank's rivals with resumes

    11/03/2011 4:49:39 PM PDT · by rabscuttle385 · 8 replies
    Reuters ^ | 2011-11-02 | Rick Rothacker
    CHARLOTTE, North Carolina (Reuters) - Bank of America Corp employees are flooding rival companies with resumes as a major cost-cutting program gets under way at the second-largest U.S. bank. Competitors say they are getting an influx of calls, emails and LinkedIn connection requests as the bank embarks on a plan to slash 30,000 jobs over the next few years. The employees are scouting jobs in retail, commercial and investment banking, bankers and recruiters said. "It's definitely picking up," said a senior executive at a rival consumer bank.
  • FIASCO: Bank Of America Forecloses On A Home That Doesn't Even Exist

    11/03/2011 9:25:30 AM PDT · by SeekAndFind · 37 replies
    Business Insider ^ | 11/03/2011 | Dina Spector
    How do you foreclose on a home that doesn't exist? That's the question KRPC-TV in Houston asked Texas homeowner Brad Gana, whose home was destroyed by Hurricane Ike in 2008 while he was overseas (via AGBeat). Despite the the destruction, Gana continued to make mortgage payments on the property. Then, two days before Gana planned to sell the property, he learned the bank was foreclosing on it. What happened? Apparently, while Gana was making his regular payments, Bank of America had incorrectly placed a homeowner's policy on the non-existent property and additionally, increased his monthly mortage payments. Bank of America...