Keyword: boa

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  • Bank of America having system issues for six days now (vanity)

    02/07/2015 8:10:44 PM PST · by ColdSteelTalon · 29 replies
    Looks like Bank of America is down. I was just told to call back on Monday to pay my credit card bill. WOW.
  • 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...
  • U.S. to Award Iran $11.9 Billion Through End of Nuke Talks

    01/21/2015 3:05:20 PM PST · by lowbridge · 30 replies
    freebeacon.com ^ | january 21, 2015 | adam kredo
    The Obama administration on Wednesday paid $490 million in cash assets to Iran and will have released a total of $11.9 billion to the Islamic Republic by the time nuclear talks are scheduled to end in June, according to figures provided by the State Department. Today’s $490 million release, the third such payment of this amount since Dec. 10, was agreed to by the Obama administration under the parameters of another extension in negotiations over Tehran’s contested nuclear program that was inked in November. Iran will receive a total of $4.9 billion in unfrozen cash assets via 10 separate payments...
  • Smoking Gun? Tape Recordings Reveal the Real Reason Bank Closed Gun Seller’s Account

    01/14/2015 4:28:44 PM PST · by barmag25 · 33 replies
    Daily Signal ^ | 01/14/15 | Kelsey Harkness
    Another gun seller says his firearms business was forced to shut down its bank account as a result of the government’s secretive initiative known as Operation Choke Point. This time, he’s offering audio recordings to prove it. Mike Schuetz is a former state employee who worked as a probation and parole officer for eight years in Hawkins, Wis. After working for the state, he told Breitbart News that he decided to open a private investigation business and operate a gun store on the side. His store, Hawkins Guns LLC, sells both firearms and ammunition. To manage his finances, Schuetz set...
  • 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...
  • Holder Cut Left-Wing Groups In On $17 Bil BofA Deal

    08/28/2014 5:14:27 PM PDT · by blueyon · 35 replies
    Investors.com ^ | 8/27/14 | IBD Editorials ???
    Extortion: 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. 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.
  • Holder’s Bank of America Heist Funds Left’s Community-Organizer Shock Troops

    08/28/2014 12:59:06 PM PDT · by Ray76 · 11 replies
    National Review Online ^ | Aug 28, 2014 | Andrew C. McCarthy
    Government coercion of the financial sector to make irresponsible loans was the primary driver of the 2007-08 financial meltdown. Now we learn that Eric Holder, the Tom Hagen of this racketeering enterprise of an administration, is using the vig that DOJ muscle is extorting from the banks to pour tens of millions of dollars into the coffers of the radical Left’s top rabble-rousers – in addition to diverting what should be public funds to pay off delinquent debts in cities that Democrats have destroyed.
  • The Obama Bank Shakedown

    08/23/2014 9:58:49 AM PDT · by jazusamo · 28 replies
    Creators Syndicate ^ | August 23, 2014 | Larry Kudlow
    The $16.65 billion settlement by Bank of America over financial-crisis-era mortgage securities "highlights a pattern of the government extorting the banks," Dick Kovacevich said on CNBC this week. Kovacevich is the former Wells Fargo chairman and CEO. I've known him for years. He ran a great bank. He kept Wells Fargo clean during the credit meltdown. And, unusual for a big-bank CEO, he strongly supports free-market principles. Kovacevich went on to say, "It's definitely politics. It has nothing to do with justice or restitution to the innocent victims. In fact, more of the money is going to the coffers of...
  • Justice Department secretly stifling 'objectionable' businesses: House committee

    05/29/2014 11:18:29 AM PDT · by PoloSec · 14 replies
    Washington Examiner ^ | May 29 2014 | Susan Ferrechio
    The House Committee on Oversight and Government reform has compiled a scathing report on the Department of Justice's “Operation Choke Point” program that critics believe is aimed at “targeting industries deemed objectionable” by the Obama administration. The report, released Thursday by panel chairman Darrell Issa, R-Calif., accuses the Justice Department of abusing its authority by going after the payday lending industry and other merchants and working to put them out of business. According to the report, the Justice Department “secretly” discouraged banks from conducting business with groups deemed to be “high risk,” for triggering a federal investigation. Sign Up for...
  • Bank of America to Pay $6.3 Billion to Settle Mortgage Securities Suit

    03/26/2014 4:30:49 PM PDT · by Oldeconomybuyer · 13 replies
    New York Times ^ | March 26, 2014 | By MATTHEW GOLDSTEIN
    Bank of America is paying $6.3 billion to settle a lawsuit arising out of troubled mortgage-backed securities it cobbled together and sold to Fannie Mae and Freddie Mac in the run-up to the financial crisis. Including this latest settlement, the housing finance agency has recouped $16 billion in cash payments from banks and financial firms that sold mortgage-backed securities. The regulator, which filed 18 lawsuits, still has claims pending against seven banks and financial institutions.
  • Celente Warns Of Coming Riots: “The Collapse Is Engulfing The World”

    01/31/2014 4:24:17 PM PST · by Kartographer · 78 replies
    SHTF Plan ^ | 1/31/14 | Mac Slavo
    Celente isn’t suggesting that a massive collapse is going to happen in the future. He says we’re already in it – and it’s taking hold right before our eyes across the entirety of the globe:
  • Why This Harvard Economist Is Pulling All His Money From Bank Of America

    01/31/2014 5:00:19 PM PST · by Kartographer · 65 replies
    Zerohedge ^ | 1/31/14 | Tyler Durden
    From Terry Burnham, former Harvard economics professor, author of “Mean Genes” and “Mean Markets and Lizard Brains,” provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed’s efforts to strengthen America’s banks have perversely weakened them. First posted in PBS. Is your money safe at the bank? An economist says ‘no’ and withdraws his Last week I had over $1,000,000 in a checking account at Bank of America. Next week, I will have $10,000.
  • Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To All-Time Record Low

    12/07/2013 10:37:20 AM PST · by SeekAndFind · 21 replies
    TEC ^ | 12/06/2013 | Michael Snyder
    <p>The too big to fail banks have a larger share of the U.S. banking industry than they have ever had before. So if having banks that were too big to fail was a "problem" back in 2008, what is it today? As you will read about below, the total number of banks in the United States has fallen to a brand new all-time record low and that means that the health of the too big to fail banks is now more critical to our economy than ever. In 1985, there were more than 18,000 banks in the United States. Today, there are only 6,891 left, and that number continues to drop every single year. That means that more than 10,000 U.S. banks have gone out of existence since 1985. Meanwhile, the too big to fail banks just keep on getting even bigger. In fact, the six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years. If even one of those banks collapses, it would be absolutely crippling to the U.S. economy. If several of them were to collapse at the same time, it could potentially plunge us into an economic depression unlike anything that this nation has ever seen before.</p>
  • Countryfried: Bank of America to pay Freddie Mac $404 million in mortgage settlement

    12/02/2013 8:08:29 AM PST · by whitedog57 · 13 replies
    Confounded Interest ^ | 12/02/2013 | Anthony B. Sanders
    Bank of America has agreed to pay Freddie Mac $404 million in a mortgage settlement over 716,000 loans, many purchased from Countrywide. This is one of many lawsuits by the Federal government over Countrywide and related mortgages. One wonders when the litigation will end. Here is the thing. These suits are largely about representations and warranties between the loan seller and the loan purchaser concerning underwriting standards. The reps and warranties provide relief to the loan purchaser if the underwriting of the loans by the loan seller proves to be misleading or false. But there is another issue called causality....
  • Dow Jones Adds Goldman Sachs, Visa and Nike: Drops Bank of America, HP and Alcoa

    09/10/2013 7:25:32 AM PDT · by SeekAndFind · 14 replies
    Top News USA ^ | 09/10/2013 | Ryan Bilanich
    Dow Jones Industrial Average has planned adding Goldman Sachs, Visa and Nike. The index will also remove Hewlett-Packard, Bank of America and Alcoa. Investment bank Goldman Sachs would benefit from the addition to the stock index. The changes will be implemented from September 23. Dow Jones includes 30 stocks and gives an indication of the better performing companies in the stock market. The three companies to be removed from the index were trading low on the stock markets. The stocks have underperformed the market. Goldman Sachs stock was up by 2.3 percent in premarket trading. Visa and Nike both were...
  • DOJ files civil suit against Bank of America [Obama Continues To Assault Capitalism]

    08/08/2013 5:16:06 AM PDT · by SoFloFreeper · 30 replies
    CNBC ^ | 8/6/13
    The U.S. government on Tuesday filed two civil lawsuits against Bank of America for what the Justice Department and securities regulators said was a fraud on investors involving $850 million of residential mortgage-backed securities. The Justice Department and the U.S. Securities and Exchange Commission filed the parallel suits in U.S. District Court in Charlotte, according to the court filings. The securities date to about January 2008, the government said, putting them just at the beginning of the global financial crisis.
  • Florida Boycott Extended to Coca Cola, Lemonade, Foot Locker, Dixie Cups

    07/23/2013 9:13:29 AM PDT · by kevcol · 72 replies
    Frontpage Mag ^ | July 23, 2013 | Daniel Greenfield
    Currently the left is boycotting Nestle, Caterpillar, BP, Bank of America, Florida, Arizona and every company on earth. Not to mention Israel.
  • 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...
  • U.S. stocks hit by Bank of America, Yahoo results

    04/17/2013 7:54:41 AM PDT · by John W · 7 replies
    marketwatch.com ^ | April 17, 2013 | Kate Gibson
    NEW YORK (MarketWatch) — U.S. stocks fell hard on Wednesday, retreating after the prior day’s rally amid disappointing results from companies including Bank of America Corp. B. of A. shares slid 4.1% after the lender reported first-quarter earnings below Wall Street’s estimates as its mortgage business weighed. Caterpillar Inc.was down 2.4% after Macquarie downgraded the construction-equipment maker to neutral from outperform. At 2 p.m. Eastern, the Federal Reserve will release its Beige Book, which offers an economic analysis of its 12 districts.
  • BofA: 'Buy America... The American Dream Is Back'

    03/17/2013 8:07:37 AM PDT · by blam · 28 replies
    TBI ^ | 3-17-2013 | Matthew Boesler
    BofA: 'Buy America... The American Dream Is Back' Matthew BoeslerMarch 17, 2013, 9:10 AMLast week, JPMorgan said we're not that far from a "picture perfect world." Morgan Stanley said the U.S. economy was approaching an "inflection point" in mid-2013 from which growth would really start taking off. Now, BofA Merrill Lynch is out with a new report, titled "Buy America: The American dream is back." BAML strategists Ralph Preusser and Athanasios Vamvakidis write (emphasis added): Markets have fallen in love with the US. This is a significant change from spending the last five years wondering which economy was the worst,...
  • 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...
  • Rahm Emmanuel to major banks: Stop serving gun manufacturers

    01/26/2013 7:34:01 PM PST · by 2ndDivisionVet · 52 replies
    The Examiner ^ | January 26, 2013 | Joe Newby
    In a letter sent Friday to the CEOs of TD Bank and Bank of America, Chicago Mayor Rahm Emmanuel urged the banks to stop serving gun manufacturers unless they support gun control measures, CBS Chicago reported. According to CBS, Emmanuel wants the banks to "stop lines of credit, financing for acquisitions and expansions and financial advising" unless the manufacturers agree with him on issues like background checks and what he called “commonsense reforms." “In the past, the gun industry has stood in opposition to these safety measures. They opposed a ban on assault weapons on America’s streets, opposed a ban...
  • Rahm Emanuel presses banks on guns (Demands they stop doing business with gun manufacturers)

    01/25/2013 7:01:46 AM PST · by Zakeet · 77 replies
    Politico ^ | January 25, 2013 | Johathan Martin
    Chicago Mayor Rahm Emanuel, moving to take a lead role in the gun control debate, is turning up the pressure on banks that do business with firearms manufacturers. Emanuel is sending letters to two major financial institutions, TD Bank and Bank of America, which offer lines of credit to gun makers suggesting that they stop lending money to the manufacturers if they don’t come out for new gun restrictions. “TD Bank currently aids the gun manufacturing industry through a $60 million revolving line of credit with Smith & Wesson, a gun manufacturer that produces the AR-15 – an assault weapon...
  • Bank of America Freezes Account of Gun Dealer

    01/10/2013 5:38:21 AM PST · by scottfactor · 11 replies
    scottfactor.com ^ | 01/10/13 | Gina Miller
    Just like other Americans who understand why we have the right to keep and bear arms, I am puking-sick of the desperately ignorant, wholly belligerent campaign of the Left to demonize guns and lawful gun ownership. Even if the lemmings among the American citizenry do not understand the real reason for the diabolical desire to grab our guns by our “leadership” inWashingtonand some states, we do understand it. An armed populace is not easily subjugated, and there is nothing the tyrannical Left wants more than to subjugate the American people. In what is the antithesis of “public safety,” tyrants throughout...
  • Bank of America Leads Charge Against Guns

    01/08/2013 7:08:39 PM PST · by TurboZamboni · 10 replies
    godfather politics ^ | 1-8-13 | tad cronn
    The Democrats’ campaign against the Second Amendment is obvious and expected after the Sandy Hook shootings. But the gun grabbers are also getting some help from Bank of America. According to Joe Sirochman, owner of American Spirit Arms, the bank out of the blue on Dec. 18 decided to delay processing deposits, threatening his company’s operations. American Spirit, like other gun sellers, has seen a huge increase in online sales in recent months, up 500 percent, according to a Dec. 29 Facebook posting by Sirochman. The company has been a BofA customer for more than 10 years and had no...
  • Bank of America Settles with Fannie Mae for $10 Billion+ – Fannie Mae As “Simple Jack”

    01/07/2013 12:03:52 PM PST · by whitedog57 · 10 replies
    Confounded Interest ^ | 01/07/2012 | Anthony B. Sanders
    Bank of American had a bad day. First, they were a party to the latest government refinancing program (the $10 billion dollar foreclosure abuse settlement). Second, Bank of America has settled with mortgage giant Fannie Mae. WASHINGTON — Bank of America Corp. said Monday it had agreed to pay more than $10 billion to Fannie Mae to settle claims related to troubled mortgages sold largely by Countrywide Financial Corp. during the subprime housing boom. First of all, it was a housing boom, not just a subprime housing boom. Second, the government mortgage giants Fannie Mae knew that a large percentage...
  • Bank of American to Spirit Arms Gun Dealer: FOAD

    01/07/2013 9:13:52 AM PST · by Rusty0604 · 17 replies
    The Truth About Guns ^ | 01/06/2013 | Robert Farango
    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 hold for FURTHER REVIEW … HER EXACT WORDS WERE … ..” WE BELIEVE YOU SHOULD NOT BE SELLING GUNS and PARTS ON THE INTERNET “
  • 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...
  • While The Little Guy Rushes In, Here's More Evidence That Big Investors Are Dumping This Rally

    09/25/2012 6:43:45 AM PDT · by blam · 6 replies
    TBI ^ | 9-25-2012 | Matthew Boesler
    While The Little Guy Rushes In, Here's More Evidence That Big Investors Are Dumping This Rally Matthew BoeslerSeptember 25, 2012 BofA Merrill Lynch Yesterday, we highlighted a note from Deutsche Bank chief equity strategist Binky Chadha pointing out that hedge funds are still underweight stocks while inflows into equity ETFs – a common investment vehicle for retail investors – are surging at record pace. In a note today, BofA equity strategist Savita Subramanian writes that she's basically seeing the same thing among her client base: no one is really buying stocks right now. From the note: Last week (9/17-9/21), during...
  • NIRP: The Financial System’s Death Knell?

    08/22/2012 6:10:02 PM PDT · by DeaconBenjamin · 6 replies
    zero hedge ^ | 08/22/2012 17:49 -0400 | Eric Sprott
    On July 18th, 2012, the German government sold US$5.13 billion worth of 2-year bonds at an average yield of -0.06%. Please note the negative symbol in front of that yield number. What this means is that the German government was able to borrow money for less than nothing. When those specific bonds expire in two years’ time, the German government will pay back the original $5.13 billion minus 0.06%. Expressed another way, investors knowingly and willingly bid the German government $5.13 billion in exchange for bonds that will pay no interest and are guaranteed to lose them money on expiration.1...
  • 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,...
  • Bank of America and my reaction thanks to input from FRs

    06/22/2012 7:48:16 AM PDT · by 56newblog · 12 replies
    Self
    A few months I was made aware of BOA support for various political issues that I disagree with via Freeper info posted by others. (Thank You) -In particular their support of efforts to curtail my 2nd amendment rights. Due to my direct deposits and automatic outgoing payments, it took me a couple of months to get setup with another institution before I could close. I personally feel that Corporations should stay out of politics. All the officers of a corporation have a right to their opinions, including what they "think is best for me". I reserve the right to make...
  • Detroit man gambles away $1.5 million accidentally given by ATM

    06/19/2012 3:24:37 PM PDT · by Michael.SF. · 94 replies
    Yahoo News ^ | June 19,2012 | Eric Pfeiffer
    Ronald Page seemingly had it made when Bank of America unintentionally changed his account status, allowing the 55-year-old man to make unlimited ATM cash overdraft withdrawals. But ABC News reports that Page, who in reality had only $300 in his checking account, used the accidental loophole to withdraw more than $1.5 million—losing it all on gambling. And even worse for Page, the U.S. Attorney's Office in Detroit says he is now facing 15 months in prison after pleading guilty to charges of theft of bank funds, $1,543,104 in total between December 1, 2008 and May 31, 2009. "In this case,...
  • 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...
  • BofA Technical Analyst: Gold Is Set For A Rally, Could Go As High As $3000

    05/22/2012 3:52:56 PM PDT · by blam · 15 replies
    TBI ^ | 5-22-2012 | Max Nisen
    BofA Technical Analyst: Gold Is Set For A Rally, Could Go As High As $3000 Max Nisen May 22,2012 The technical analysis team at Bank of America Merrill Lynch thinks a month's long decline in gold is coming to an end. Here's an excerpt from a note by Mary Ann Bartels and Stephen Suttmeier: Gold has pulled back to test support at $1550-1500. This support is holding, which sets up gold for a rally. The downtrend line from the August/ September highs provides initial resistance near $1700. Chart resistances are near $1800 and $1900-1925. Our longer-term view remains that gold...
  • 'Naked Short Selling'

    05/17/2012 7:00:16 AM PDT · by The Working Man · 55 replies
    Investor Village ^ | 16 May 12 | Matt Taibbi
    <p>It doesn’t happen often, but sometimes God smiles on us. Last week, he smiled on investigative reporters everywhere, when the lawyers for Goldman, Sachs slipped on one whopper of a legal banana peel, inadvertently delivering some of the bank’s darker secrets into the hands of the public.</p>
  • Bank of America forgiving mortgage loans

    05/08/2012 10:05:22 AM PDT · by edcoil · 50 replies
    Finance Yahoo ^ | 5-8-2012 | edcoil
    Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each. The reduction for qualifying homeowners could amount to monthly savings of up to 35 percent on mortgage payments, Bank of America said in a news release on Monday evening.
  • 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...
  • Marcos Breton: Undocumented immigrant loses battle against BofA

    03/25/2012 6:10:25 AM PDT · by moonshinner_09 · 10 replies · 1+ views
    The Sacramento Bee. ^ | Marcos Breton
    In this case of David vs. Goliath, Goliath wins. An undocumented immigrant from Mexico sues Bank of America after he's nearly deported when his bank manager turns him over to authorities. Lawyers for Luis Martinez ask: Do you want your banker acting as a de facto immigration agent?
  • Bank Of America: Too Crooked To Fail

    03/21/2012 7:45:32 AM PDT · by Wolfie · 20 replies
    Rolling Stone ^ | March 24, 2012 | Matt Taibbi
    Bank of America: Too Crooked to Fail The bank has defrauded everyone from investors and insurers to homeowners and the unemployed. So why does the government keep bailing it out? At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time. Did you hear about the plot to rig global interest rates? The $137 million fine for bilking needy schools and cities? The ingenious plan to suck multiple fees out...
  • BofA to slash mortgage balances by $100,000 or more

    03/10/2012 8:16:55 AM PST · by trailhkr1 · 45 replies
    CNN Money ^ | March 9, 2012 | Les Christie
    NEW YORK (CNNMoney) -- Bank of America will significantly slash mortgage balances for as many as 200,000 borrowers. As part of the $26 billion settlement reached between the five major mortgage servicers, the federal government and the attorneys general of 49 states and District of Columbia last month, Bank of America (BAC, Fortune 500) customers who qualify could see their mortgages reduced by an average of $100,000 or more, according to bank spokesman Rick Simon.
  • Buffett’s Bank of America (Warren Buffett’s Net Worth Jumps $154M Thanks to Mortgage Settlement)

    02/10/2012 11:00:08 AM PST · by Beave Meister · 6 replies · 1+ views
    The Washington Free Beacon ^ | 2/10/2012 | Patrick Howley
    Warren Buffett’s stake in Bank of America Corp. increased in value by $154 million after President Obama and the U.S. Justice Department announced a $25 billion foreclosure abuse settlement with the five largest U.S. banks Thursday, records show. Buffett invested $5 billion in Bank of America (B of A) on Aug. 25, 2011. As part of his investment deal, Buffett gained warrants that allow him to buy 700 million shares of Bank of America stock at a strike price of $7.14 a share. However, on Dec. 19, 2011, it was reported that Buffett was $1.5 billion underwater on his stock...
  • Robosigning Is Now History - US Announces $26 Billion Foreclosure Settlement (shakedown)

    02/09/2012 9:54:42 AM PST · by Para-Ord.45 · 27 replies
    http://www.zerohedge.com ^ | February 9 2012 | Tyler Durden
    As reported yesterday, the cost of terminal abrogation of contractual rights in the US is, drumroll, $26 billion. Bloomberg notes: -$26 BILLION FORECLOSURE SETTLEMENT ANNOUNCED IN WASHINGTON -FORECLOSURE ACCORD RESOLVES 16-MONTH ROBO-SIGNING INVESTIGATION -FORECLOSURE ACCORD IS SUBJECT TO APPROVAL BY FEDERAL JUDGE -FORECLOSURE DEAL PRESERVES U.S., STATE RIGHTS TO OTHER CLAIMS -FORECLOSURE ACCORD COULD CLIMB TO $40 BLN IF 14 SERVICERS JOIN And a whole lot of corner offices for America's Attorneys General. As for what the market thinks of this "severe" settlement: BAC +1.2%, WFC +0.6%, JPM +0.4%, C -0.1%. For those who don't understand what just happened, US...
  • Obama will accept nomination at N.C. stadium

    01/17/2012 12:52:58 PM PST · by matt04 · 30 replies
    The Charlotte Observer reports that President Obama will formally accept the Democratic nomination at Bank of America stadium in Charlotte, N.C. — an outdoor venue: The move to the Carolina Panthers' 74,000-seat stadium would replicate the 2008 convention, where Obama accepted the nomination at a packed Invesco Field in Denver. The move, which would open the speech to the public, is designed to help mobilize voters in North Carolina, a key swing state. It could also serve as a perk to donors, who could be rewarded with skybox seats. Aside from the optics of Obama accepting the nomination at a...
  • 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 ...
  • Police release Charles Bishop suicide note (15 yr old Tampa plane suicide, Osama sympathizer)

    02/06/2002 10:05:38 AM PST · by Registered · 196 replies · 1,664+ views
    ap yahoo news ^ | 02.06.02 | AP
    &nbsp; 1-5-01 Kid didn't know it was '02 yet. I have prepared this statement in regards to the act I am about to commit. First of all, Osama bin Laden is absolutely justified in the terror he has caused on 9-11. He has brought a mighty nation to its knees! God blesses him and the others who helped make September 11th happen. The U.S. will have to face the consequences for its horrific actions against the Palestinian people and (illegible, could be Iraq?) by its allegiance with the monstrous Israelis who want nothing short of world domination! You will ...
  • 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 Must Pay Excess Settlement Funds To Acorn Clones (Department of Justice)

    01/06/2012 7:45:45 AM PST · by opentalk · 15 replies
    Investors Business Daily ^ | January 4, 2012 | Paul Sperry
    Bank of America (BAC) must turn over excess funds from a record $335 million discrimination fine to community organizing groups. Critics say it's a "political backdoor" to subsidize Democrat-tied Acorn "clones." The unusual mandate is buried in a Justice Department filing last month detailing settlement terms with the nation's largest bank. Prosecutors had alleged BofA's Countrywide Financial mortgage unit discriminated against minority homebuyers in the years leading up to the financial crisis. Funds not passed out to alleged victims after two years will be handed out to "qualified" groups unconnected to the case that provide credit and housing counseling and...
  • 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.
  • Bank of America shares close below $5

    12/19/2011 5:07:51 PM PST · by Nachum · 17 replies
    Yahoo ^ | 12/19/11 | Reuters
    NEW YORK (Reuters) - Shares of Bank of America Corp closed below $5 on Monday for the first time since the depths of the bear market in March 2009. The stock closed at $4.99, down 4 percent, after dropping as low as $4.92. The shares haven't closed below $5 since March 11, 2009. Shares of financial institutions have declined on worries about the global economy and possible exposure to sovereign defaults in Europe. Bank of America, in particular, faces concerns about whether it has enough capital to absorb mortgage-related losses and meet new international standards. With more than 275 million...