New Orleans I’ve never been a fan of Wells Fargo. We fought them endlessly over predatory lending practices in mortgages and subprime products. They don’t listen, they obfuscate, stonewall, and hide behind layers of lawyers in stubborn refusal even when faced with evidence of clear misdeeds. We were able to fight Citicorp, Bank of America, …
Tag: countrywide
Bank of America Record Settlement with Remorse
Missoula Accurate reports seem to indicate that the Justice Department is in the final drafting of a record setting, highest corporate penalty ever paid with Bank of America for mortgage related abuses. The price tag is going to be slightly north of $16 billion with $9 billion going to the government by way of a …
More News of Banking as a Criminal Conspiracy with BofA and Chase
New Orleans There are many small town papers that used to thrive by feeding their readers the daily police reports. These days reading the financial pages is more than an adequate substitute, since every day we seem to get another perp walk in the criminal conspiracy now called modern banking. I know it’s tedious …
Big Mistakes on Countrywide and Healthcare Polls
New Orleans Charles Blow, the statistical columnist for the Times, did an excellent job today of “catching the cat,” as he called it by looking under the numbers of the polls around support or opposition to the Affordable Care Act (ACA). Looking at a Times/CBS poll that is widely cited by the Republicans as their …
Bank of America’s Countrywide: One of the Worst Deals Ever
New Orleans – In one of the many articles on yet another multi-$100 million settlement, one story, almost in an aside, stated that the purchase of Countrywide’s assets by Bank of America, was “one of the worst deals ever.” The price tag for Bank of America has been billions. This settlement with the Justice Department …