They also announced plans to lay off 405 employees in Atlanta.
The Other 98% Urges Wall Street Execs to Donate $91 Billion in Bonuses to Victims of Financial Crisis.
Congressional Republicans' priorities in 2013, an agenda best described as an endless cornucopia of giveaways for the rich and best captured in song.
Former Bank of America employees gave sworn statements that the bank lied to homeowners, denied loan modifications for bogus reasons and rewarded employees for sending homeowners to foreclosure.
I know 11,000 people who aren’t too excited about these “transformations.” Citigroup announced that it will absorb a tax charge of $1 billion for the quarter and eliminate about 11,000 jobs. The third-biggest U.S. banks CEO said that
Federal prosecutors hit Bank of America with a $1 billion lawsuit Wedesday, accusing the bank of mortgage fraud that contributed to the housing crisis. Bank of America became entangled in the scheme -- known as “High-Speed Swim Lane” or “Hustle” -- when it purchased Countrywide Financial in July 2008, just as the economy was slipping into recession. Countrywide, a mortgage lending giant, was already known for approving risky loans when it introduced its “Hustle” program to churn out more loans, effectively eliminating a system that ensured the mortgages were being made to buyers who could afford them. A top U.S. attorney said the bank’s fraud was “spectacularly brazen in scope.”
As Current TV's John Fugelsang, filling in for Eliot Spitzer this week reminded us, when average citizens break the law we have to pay fines that might actually act as a deterrent or face jail time and when these bankers and Wall Street commit
From the director of "No End In Sight" comes a documentary on the financial meltdown of 2008 and the ways in which it could have been avoided. "Inside Job" provides a comprehensive analysis of the global financial crisis of 2008, which at a
Animation: Joe Biden on Gay Marriage (Actual Audio) from scottbateman on Vimeo. Good morning! It's Tuesday, May 8, 2012. Is your wireless provider verigreedy?
A Public Service Announcement from The 99% ...
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