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Bank of America Sued for $1bn for Alleged Mortgage Fraud

Business  (tags: dishonesty, corporate, BigBanks, greed, Bank of America, foreclosures, corruption, business, politics, society, government, ethics, finance, abuse )

- 2006 days ago -
Bank of America is being sued for $1bn (£624m) for alleged mortgage fraud.

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Jason S (50)
Wednesday October 24, 2012, 7:09 pm
Bad for the world bank, RIP BOA don't need you or want you around anymore. good posting, thanks

JL A (281)
Wednesday October 24, 2012, 7:22 pm
BofA also was a big player in the foreclosure illegalities allegations and problems with the renegotiations of the federal programs--this is about Countrywide, who they purchased, and not their own practices. I wonder why not?

Giana Peranio-paz (398)
Thursday October 25, 2012, 3:15 am

Past Member (0)
Thursday October 25, 2012, 4:28 am
Notice this was reported by the BBC not a US report...

Gloria picchetti (304)
Thursday October 25, 2012, 4:33 am
Let them pay back.

Danii R (1)
Thursday October 25, 2012, 12:47 pm
Time BOA be held responsible for all their shenanigans. They've been a fraudulent bank for years now. Definitley ripped money out of my pockets and many others I know.

Kathleen R (138)
Thursday October 25, 2012, 2:54 pm
noted & read

Talya H (10)
Thursday October 25, 2012, 5:13 pm
Thanks for the share!

Mary Donnelly (47)
Thursday October 25, 2012, 8:32 pm
Thanks Cal--good post.

Wangcai Leung (0)
Thursday October 25, 2012, 8:51 pm
it is a bad new for the world bank.

reft h (66)
Friday October 26, 2012, 1:44 am
this will drag on and on for years...

Michael Carney (217)
Friday October 26, 2012, 3:06 am
I'm sure they will drag it out for ages, however it's good their bringing suit... Now maybe the bill will come due, for this Terrorist Bank, who destroyed thousands, if not Millions of American Families...That's why in my eyes they are terrorists...God knows they destroyed more American lives, than the Taliban, or Al Quida have combined...And they destroyed them just because of pure greed...So I hope they pay the highest price possible for the reign of terror, they perpetrated against any poor soul who had the misfortune to deal with The Bank of America...

pam M (98)
Friday October 26, 2012, 4:08 pm
Chase and Wells Fargo should be next. All used a form of Countrywide's Fast n' Easy loan programs.

Past Member (0)
Monday October 29, 2012, 4:24 am
What looked brave at the time looks foolhardy now, should just left the government deal with the mess.

Carol H (229)
Monday October 29, 2012, 6:50 pm
happily noted!!
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