Woman killed in car accident facing prison time
Posted by admin / Under Bank Of America Home Loans
One of the two people killed on a slippery road in Superior was facing prison time after pleading guilty in federal court to charges in a widespread identity theft ring. Forty-one-year-old Frances Jones was a passenger in an SUV that collided with another vehicle last Friday. The driver of the SUV, 49-year-old Harry Wilson, was also killed. The U.S. Attorney's Office says 12 people were indicted in the plot that defrauded banks and retail businesses, primarily in the Midwest, of more than $2 million. Jones faced up to 32 years in federal prison after pleading guilty to conspiracy to commit...
Published on Monday 6th of February 2012 12:12:35 AM
Cole: Obama's Next Bailout
Posted by admin / Under Bank Of America Home Loans
On Jan. 23, U.S. Department of Housing and Urban Development Secretary Shaun L.S. Donovan met in Chicago with several Democratic state attorneys general (AGs) in an attempt to strong-arm them into signing up for an administration-backed agreement to settle the “robo-signing” scandal. Wall Street would pay what sounds like a large fine ($25 billion), and in exchange, the state AGs would relieve the bankers of all legal liabilities related to the fraudulent mortgage-lending practices that led directly to the 2008 financial meltdown and a 30 percent drop in U.S. home prices. The fraudulent practices of the mortgage servicers have injected...
Published on Monday 6th of February 2012 12:12:35 AM
Obama: Iran Has Nuclear Rights; I Did Not Want to Sanction Its Bank
Posted by admin / Under Bank Of America Home Loans
The threat by the Islamic regime in Iran to close down the Strait of Hormuz and of Revolutionary Guards Navy boats harassing U.S. Navy ships in the Persian Gulf has caused President Obama to send secret messages to the regime stating his concerns over the closure of the strait and the possibility of an accidental war. Since then, Iranian officials have been revealing the contents of President Obama’s letter to Iran’s supreme leader, Ayatollah Ali Khamenei, which indicates a deep desire by the U.S. president for a dialogue with the radical leaders of Iran. However, on Saturday, Iranian officials also...
Published on Monday 6th of February 2012 12:12:35 AM
Legislators consider creating state bank (Washington State)
Posted by admin / Under Bank Of America Home Loans
OLYMPIA, Wash. (AP) - State government stores money at Bank of America, buys goods with U.S. Bank cards, and distributes welfare aid through JP Morgan Chase ATMs. Supporters of cutting such ties to big banks say the first step is creating the state's own bank. The idea of a state bank - a favorite of the Occupy movement that sees it as an alternative to Wall Street - has strong support among the Democrats who control the state House. Speaker Frank Chopp called it a top priority last week in a speech opening this year's session of the Legislature.
Published on Monday 6th of February 2012 12:12:35 AM
BofA Must Pay Excess Settlement Funds To Acorn Clones (Department of Justice)
Posted by admin / Under Bank Of America Home Loans
Bank of America (BAC) must turn over excess funds from a record $335 million discrimination fine to community organizing groups. Critics say it's a "political backdoor" to subsidize Democrat-tied Acorn "clones." The unusual mandate is buried in a Justice Department filing last month detailing settlement terms with the nation's largest bank. Prosecutors had alleged BofA's Countrywide Financial mortgage unit discriminated against minority homebuyers in the years leading up to the financial crisis. Funds not passed out to alleged victims after two years will be handed out to "qualified" groups unconnected to the case that provide credit and housing counseling and...
Published on Monday 6th of February 2012 12:12:35 AM
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