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Bank Of America Settlement Only Proves Invincibility Of Wall Street

Business  (tags: Bank of America, Corruption, Wall Street )

- 1367 days ago -
Details of the BofA settlement...offer a clear view of how large banks have avoided responsibility for the behavior that sent the global economy into a tailspin just six years ago.

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Sam H (410)
Saturday August 23, 2014, 4:13 pm
This sounds like the Justice Department and Bank of America ganged up on the taxpayers! Isnít this collusion?

JL A (281)
Saturday August 23, 2014, 6:54 pm
There was another earlier settlement with B of A for writing down mortgage amounts owed comparable to house values that CA's AG is having to go after them for gaming it with securities instead of real people in homes getting the benefit--last I heard less than 2% was done as negotiated. I am appalled they'd get the same pass again given their failure to deliver under the prior settlement. Thanks Judy

P A (117)
Saturday August 23, 2014, 11:44 pm
Seriously depressing news - and some heavy-weight analysts concurring too. The fact that the stocks of Bank of America went UP four points on hearing the news suggests that they are all correct in their gloomy conclusions. Thanks for the information Judy - at least I am wiser (if sadder!) than before!.

Birgit W (160)
Sunday August 24, 2014, 1:34 pm
I am waiting for NESARA. Can't wait.

Joanne Dixon (38)
Sunday August 24, 2014, 4:16 pm
SO discouraging. Always.

Sheryl G (363)
Sunday August 24, 2014, 9:01 pm
spammer reported...

Disgusting. Drop in the bucket and no deterrent for them to change their ways.


Judy C (97)
Sunday August 24, 2014, 9:25 pm
This is truly outrageous, and as J.L. points out, the previous settlement with BofA shows what we are dealing with. This is just why I feel it is so important to make people aware of this situation, not to simply provoke outrage, but to drive home a point. We are dealing with organized crime here, and there is no hope of stopping it if people get tired of hearing it, and stick their heads back in the sand. I wish Matt Taibbi was still in Rolling Stone, because he disseminated a lot of information about this subject to a lot of people.
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