Tag Archives: Bank of America

Bank of America could pay at least $12 billion to settle probes

 Bank of America Corp (BAC.N) could pay more than $12 billion to settle probes by the U.S. Justice Department and a number of states into the bank’s alleged handling of shoddy mortgages, the Wall Street Journal said on Thursday, citing people … Continue reading

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Bank Of America Warns “The US Dollar Is In Trouble”

Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML’s Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US … Continue reading

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Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To All-Time Record Low

By Michael Snyder 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, … Continue reading

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Your Life Depends on Literally Taking Your Money Out of the Bank

Your life depends on whether you begin to take your assets out the banks and begin to purchase life sustaining supplies.You need to start this process, today, in accordance with the principles I laid out in a previous article. The … Continue reading

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Bank of America Kicked out of Dow Jones

In yet another example of the collapse of our nation’s core businesses, Bank of America is being kicked out of the Dow Jones Industrial Average along with Alcoa and Hewlett Packard. Maybe BofA should not have treated its clients and … Continue reading

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U.S. accuses Bank of America of mortgage-backed securities fraud

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. … Continue reading

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Bank of America site down because of ‘technical issues’

Bank of America’s consumer Web site has been hit with a long outage because of what the company called “technical issues.” The bank confirmed the problems through its Twitter account, telling consumers that it knew about the issues and was “working to … Continue reading

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The Frightening Truth Behind Bank Of America’s “Earnings”

Over a year ago we noted that when it comes to Bank of America “earnings”, items which traditionally are classified as non-recurring, one-time: primarily litigation and mortgage related charges, have now become recurring, and all the time, courtesy of the worst M&A transaction of … Continue reading

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US Derivative Exposure, Reality and the Little Worm in Back of the White House

Note the little man standing in front of white house. The little worm next to last football field is a truck with $2 billion dollars denoting the amount of notional derivative contracts. There is no government in the world that has … Continue reading

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Bank of America Freezes Gun Manufacturer’s Account, Company Owner Claims

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 … Continue reading

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“As Part Of Our Ongoing Effort To Protect Bank Of America, Zero Hedge Is Blocked”

We couldn’t have said it better: “Bank of America blocks users from accessing websites that present certain risks to the bank.” More…

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America Sues Bank of America – No Honor Among Thieves

U.S. sues Bank of America over “Hustle” mortgage fraud The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went … Continue reading

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Bank Of America To Fire 16,000 By Year End

Curious why nearly 4 years ago to the day Ben Bernanke and Hank Paulson told Ken Lewis to purchase Merrill Lynch “or else” (but to make sure everyone gets paid their bonuses bright and early with no cuts)? It certainly … Continue reading

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Bank of America: the Corruption Continues

As documented previously, Bank of America’s actions against the Constitution and the American people is long. The latest scandal outlined below is a premium paid to this bank by the government “to transfer the servicing of troubled loans to another firm“. … Continue reading

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Bank Robbers Throw Cash Out Of Volvo In South Los Angeles

From Zerohedge: Once upon a time we thought that literally throwing cash out of rapidly moving objects was a privilege strictly reserved for Fed chairmen. Not any more. Moments ago, a car chase in South Los Angeles went horribly right, … Continue reading

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