Bank Of America Sued by Feds

Fannie Mae and Freddie Mac had to take taxpayer bailout due to Bank Of America Mortgage schemes.

Now, they are being sued for One Billion Dollars by the Feds.

http://www.huffingtonpost.com/2012/10/24/bank-of-america-mortgage-fraud_n_2009791.html

 

It's about time... Now go after all the other crooks! :2thumbsup:

 

I never liked Bank of America.

 

Their ya go

 

Right on. Although we should have known Obama would wait until election season to do this. Certainly effective.

 

My dad worked for Bank Of America when it was Bank of Italy before the depression. He quit and worked for another bank--he wasn't fond of their pratices ,from what I remember.

We have our business money in that fuck of an institution and my son and I talked about it this very day. They DO make it easy for our small business to do several things that credit unions don't do at this point. But we want to get out of there as soon as possible.

And remember when occupy was happening-the pricks wouldn't let folks withdraw their money? The easiest way for an individual to change banks is to just go into the bank or credit union(they are non-profit--better) and just write a check to the new bank/union and leave 5 bucks in the account you want to leave. No confrontation that way.

 

Why sue? Many in the top tier of the bank should be arrested.

 

Why arrest them? Just break their legs and dump them off in the middle of no where, surrounded by homeless people they likely rejected for home loans or refinancing options (so they wouldn't get foreclosed on)....

 

$1 Billion is nothing. Not to the bank, not to the government, not compared to how much damage they did, not compared to how much taxpayer money they received in the bailout.

Criminal charges would've meant something, maybe. This is just a pretty headline with no real meaning except a big waste of US taxpayer money and BoA shareholder money.

 

Yup. It's all fucking bullshit from top to bottom.

 

The billion dollars is just the bone they throw for us peasants, trying to get us to think they are doing "something" by fining them, suing them for a few bucks, that sort of thing. I agree with the sentiment that the actors behind the scenes, the CEO's, board of directors, those people are the ones who should be made to pay. "Bank of America" is just a name. The people pulling the strings need to be made to pay, then some sanity might reassert itself in this country. The same goes for our Congress and Senate.

 

Yeah, the lawsuit is lip service, but it's better than nothing. BOA is a flagship of underhanded banking tomfuckery. Absolutely, utterly predatory and villainous. I encourage anyone to go read the leaked emails that wikileaks published on these underhanded motherfuckers and their insurance scams - you'll get a nice glimpse into how the banking cartels conduct business. It's funny, but no accident, that the lines are becoming increasingly blurred between the insurance cartels and the banking cartels. Basically, they've both mastered the art of selling an imaginary product and charging interest on top of it, and business has never been better for these bottomless, insatiable, greedy usurers.

 

Ya, When hearing Democrats saying that the 2012 political convention would be held at " Panthers Staddium", kinda thought that BOA would get whacked.