Bank of America
Baltimore Hits Back at the Banks
From the Guardian: A little over two years ago, Stephanie Rawlings-Blake had never heard of Libor. The mayor of Baltimore had plenty of other things to keep herself occupied. Elected in 2010, she was dealing with the aftermath of a financial crisis that had left her city with ...read more
Grieving Father Struggles to Pay Dead Son's Student Loans
by Marian Wang: A few months after he buried his son, Francisco Reynoso began getting notices in the mail. Then the debt collectors came calling. "They would say, 'We don't care what happened with your son, you have to pay us,'" recalled Reynoso, a gardener from Palmdale, ...read more
How Bank of America Execs Hid Losses—In Their Own Words
by Cora Currier: When Bank of America announced it was buying Merrill Lynch in September 2008, bank execs told their shareholders that the merger might hurt earnings a touch. It didn't turn out that way. Losses at Merrill piled up over the next two months, before the deal even ...read more
The 1%’s Hand in the Afghan Murders
Exclusive: Sgt. Robert Bales stands accused of murdering 17 Afghan civilians, a crime that some trace to the financial pressures his family faced back home. However, to the rich financial swindlers, the ruining of Bales’s family – and many others – is just another day’s work, ...read more
How a 22 Year Old Took on Bank of America
Molly Katchpole, 22 years old, took on Bank of America over its ridiculous debit card fee and won. Just goes to show what happens when people decide to stand up to power. From the Guardian: I called on Bank of America to back off the new debit card fee, knowing that if Bank of ...read more
Matt Taibbi: Pull Your Money Out of Bank of America
Image via Wikipedia Matt Taibbi suggests 'Occupy Wall St' add another very specific policy to their agenda; get people to pull their money out of Bank of America: When it comes to commercial banking, Bank of America is as bad as it gets. The markets, of course, have lately come ...read more