If you want to close your Bank of America account, you mustn’t come from an #Occupy protest carrying your protest signs and wearing your protest-y clothing. “You can’t be a customer and a protester” this manager of the Santa Cruz branch of Bank of America tells customers in good standing. These Bank of America customers came from their local #OccupySantaCruz march to close their BofA accounts. No signage, no protesting, no cameras — any of these make you a protester, not a customer.
|By: Teddy Partridge Sunday October 16, 2011 8:01 pm|
|By: David Dayen Tuesday July 5, 2011 1:29 pm|
Many observers saw the Bank of America settlement with a group of investors on Countrywide-originated mortgage bonds as an attempt to secure a broad waiver on the chain of title issues that have plagued the industry and led to foreclosure fraud. But in addition, they were a miserable deal for investors, a mere 2-3 cents on the dollar for a settlement that barely 1/4 of them agreed to. The settlement requires court approval. And a group of investors want to intervene to block it.
|By: David Dayen Tuesday July 5, 2011 7:38 am|
Some stories over the weekend collectively add up to a counter-offensive about both government and private industry’s impotence in the face of the foreclosure crisis.
|By: David Dayen Friday July 1, 2011 9:08 am|
Plenty of smart people have weighed in on the Bank of America settlement with investors on $424 billion worth of mortgage backed securities. BofA will provide up to $14 billion in the settlement – $8.5 billion in cash, another $5.5 billion potentially in the next quarter – which they claim will cover all of the RMBS issued by Countrywide (they admit that Countrywide was the worst deal they ever made).
|By: David Dayen Monday January 3, 2011 11:45 am|
There’s a large cottage industry that would relish the opportunity to pore through BofA documents and take the bank down. This could prove far more damaging than the State Department cables, which have actually been substantive, but which have been drowned out by the focus on Wikileaks and Julian Assange.
|By: Jane Hamsher Thursday April 15, 2010 9:30 am|
After the fall of Bush II, Fox News and the GOP realized they had a branding problem. The right wing infrastructure was mobilized, and money began flowing into organizations like David Koch’s Americans for Prosperity, the Coors’ Independence Institute, Freedomworks and other outfits who had astroturfed the Drill, Drill Drill campaign. I wrote a tea party timeline last year, but by the time Rick Santelli had his moment of outrage on the floor of the Chicago Board of Trade “suggesting” that everyone get together and have a “Chicago Tea Party,” things were already well underway.