Bank of America Corporation

NYAG Eric Schneiderman Plans To Sue BOA & Wells Fargo For Mortgage Fraud

In January of 2011, President Obama selected New York Attorney General Eric Schneiderman in his State of the Union address to lead a banking crime busters force. The creation of the team came on behalf of the Democrat's disenfranchised liberal base, a sect frustrated with the lack of criminal conseq ... More >>

Country Club Sopranos

American banks are on a massive crime spree. Obama and Romney hope you won't notice.

Bank of America Slammed With Federal Lawsuit For "Doing the [Mortgage Fraud] Hustle"

In more long-awaited fallout from the mortgage crisis, Federal prosecutors today sued the Bank of America and Countrywide Financial for a scheme to defraud the government via a program called "The Hustle." Yes, they called it "The Hustle." Its purpose: allegedly to process home loans at high speed ... More >>

Queens Supreme Court Canceled Foreclosure Sales Again Last Friday

Two weeks after the Queens Supreme Court abruptly canceled its foreclosure auction amid potential interference from protestors, the sales have yet to get back on track. Last Friday, the court called off another sale, citing lack of properties listed. But a scan through the listings showed that a ... More >>

NYPD Ready for Today's Occupy Wall Street Movement at Bryant Park

The New York Police have sent out a department-wide memo to prepare for today's Occupy Wall Street event, which is scheduled to take place 9am at Bryant Park. The protest, titled "Shut Down the Corporations #F29", targets, among others, Bank of America for supposedly selling subprime mortgages--whic ... More >>

Matt Taibbi Joins Occupy Wall Street for Anti-Corporate Protest

Occupy Wall Street protesters held their biggest march so far this year today as part of a nationwide "Shut Down the Corporations" day of action. Several hundred occupiers gathered in Bryant Park this morning before marching east on 42nd Street to the global headquarters of Pfizer Pharmaceuticals, ... More >>

Occupy Wall Street Re-Occupies Foreclosed Home in East New York: A Report From the Scene

Nick Pinto​Occupy Wall Street organizers ushered in a new phase of their movement yesterday when about 400 people participated in a collaborative takeover to re-occupy a vacant foreclosed home in East New York for a homeless family of four. The afternoon's event, part of a collaborative Nati ... More >>

Bank of America Prepared For OWS Anti-Foreclosure Actions, According to Memo

This internal memo from Bank of America to third-party contractors has been circulating around the Internet: ​ It's regarding yesterday's Occupy Our Homes action, in which protesters reclaimed foreclosed properties. The memo, which actually does appear to be real, includes tips like "Your s ... More >>

Malcolm Gladwell Shilling For Bank of America

​Malcolm Gladwell, author of Blink and The Tipping Point among other books, has a new gig: doing speaking engagements for Bank of America. Somehow nobody seems to have known about this, and Bank of America only released the press release today. Gladwell likes money almost as much as he likes p ... More >>

More Than 78,000 People Say They'll Move Their Money from Big Banks to Credit Unions Tomorrow

via​Tomorrow marks the event created by L.A. gallery owner Kristen Christian, who, tired of bank fees and her treatment at the hands of Bank of America, as well as the behaviors of the big banks overall, decided that she would transfer her funds to a credit union and invite others to do the sa ... More >>

Bank of America Retracts $5 Monthly Debit Card Fee

​Bank of America has changed its mind about charging customers a $5 monthly fee for using their debit cards, a move that angered many a banking customer, not to mention lawmakers, and in part was a catalyst for Bank Transfer Day, a move initiated by Kristen Christian, an L.A. woman, to get peo ... More >>

Thomas Wu, Bent Banker Indicted For Taking Bailout After Defrauding Investors

​In a case that should resonate with the protesters down in Zuccotti Park, three San Francisco bank officials have been charged with fraud after receiving nearly $300 million in federal bail out money during the Bush era financial crisis. United Commercial Bank CEO Thomas Wu, along with vice ... More >>

Kristen Christian, Who Created 'Bank Transfer Day,' the November 5 Bank Boycott, Tells Us Why

Earlier today we wrote of what appeared to be an Occupy Wall Street-related bank boycott planned for November 5th. We've spoken to Kristen Christian, the 27-year-old creator of the event, who has clarified some things. For one, it's not an Occupy Wall Street-organized event, though members of the Oc ... More >>

CIA Connection in Libya?; Tropical Storm Lee to Hit Gulf Coast; Government Sues Banks

​Documents tying the CIA to the Qaddafi-led Libyan government were found in an abandoned office in Tripoli, the New York Times reports. The findings, which have not been verified for authenticity, allude to the practice of the American intelligence agency handing over terror suspects to the Li ... More >>

Florida Couple Almost Repossesses Bank of America's Furniture

​Last year, Warren and Maureen Nyerges, a retired couple in Naples, Florida, were hit with a mistaken foreclosure lawsuit by the Bank of America (remember, it's the Bank of Satan). They had paid cash for their house in 2009, no mortgage, and thus no grounds for a foreclosure suit. The bank dropped ... More >>

Camera Kind to Harlem Bank Robbery Suspect

Harlem bank robbery suspect​Cops have released a couple of damned good photos of a guy who they suspect of sticking up a couple of Harlem banks last week. On March 8, someone held up a Citibank branch at 2481 Adam Clayton Powell Boulevard. He took the money and ran. The next day, someone -- police ... More >>

Anonymous Hackers Release Bank of America Emails in "Black Monday" Leak

​Anonymous, the loosely organized hacktivist collective operating lately in support of WikiLeaks, dropped extensive correspondence at 12:00 a.m. on Monday between employees they claim were working for a previously Bank of America-owned insurance company, Balboa Insurance. According to Anonymou ... More >>

Bank of America Is the Bank of Satan

photo via Hell. ​Someone on Reddit discovered that if you type "bankofsatan.com" into your browser, you will be redirected to the website of Bank of America. Try it! It works. Apparently this is kind of a thing. Other examples (which you have to click on otherwise you won't get the joke) inclu ... More >>

Anonymous Hackers Reveal HBGary and Aaron Barr's Plan to Target WikiLeaks Donors

​Aaron Barr, a computer security expert for HBGary, spoke last week to the Financial Times, telling the paper that he had gathered incriminating information about the shadowy hacker group known as Anonymous, a general source of online chaos and most recently, diligent supporters of WikiLeaks. ... More >>

Alleged Drug Money Smelled Like Drugs

​An assistant bank manager in East Hills, Long Island has been charged with laundering money that reeked of weed. The Daily News reports that Natanzia St. Rose is accused of exchanging $50,000 in illicit funds through the JP Morgan Chase branch where she worked. The large amounts of cash were ... More >>

WikiLeaks Will Target Bank of America Next

​As long speculated, Julian Assange's WikiLeaks will release classified documents from Bank of America, in a break from harassing international governments. The confirmation of the target comes via John Carney's NetNet blog at CNBC.com, where he sources an anonymous "person who has close conta ... More >>

Bank of America Drops WikiLeaks Payments

via​Bank of America has announced it will no longer process transactions for the website WikiLeaks, which trades in the release of secret government documents. WikiLeaks has teased coming after a financial institution next and in a 2009 interview founder Julian Assange mentioned "sitting on fi ... More >>

Banks Say Bye-Bye to Holiday Parties Again

​Some Wall Street bankers might need to forsake the glitzy office party for take-out and a movie this year -- TheStreet.com says many of the city's finance firms -- including Morgan Stanley, Bank of America, JP Morgan, Citigroup, and UBS -- are either canceling or keeping "mum" about their par ... More >>

Rich People Finally Feeling Good About Being Rich, Again!

​Sucks having fallen on these "tough economic times," for everyone! Even those who went from having, say, $20M in personal wealth to $5M in personal wealth. Those people feel shitty, too. Well, times have changed, and as the Wall Street Journal uncharacteristically (and somewhat "snark-ily") n ... More >>

Evictions Across America on Pause Because Paperwork is Hard

​Bank of America is the latest mega-mortgage lender to put their housing foreclosures on pause due to difficulty filling out forms, the New York Times reports. BoA joins GMAC Mortgage and JPMorgan Chase in the "This is A Lot of Work!" camp, temporarily halting all evictions to amend the paperw ... More >>

THE BARD GOES SHOPPING

A Hamlet for our consumer culture

Cuomo Throws Haymaker at Bankers, Ducks Paterson Jab

State attorney general Andrew Cuomo this morning reached to take the first post-TARP scalp, accusing former Bank of America CEO Ken Lewis of pulling a massive fraud on both taxpayers and shareholders. "Egregious and reprehensible" were two of the kinder words Cuomo used in unveiling a civil lawsuit ... More >>

Have You Seen... Bank of America ATM Skimmers

These two fellows worked up a nice scam at the Bank of America ATM at 315 Lafayette Street. They altered the machine to obtain customers' personal information, and then transferred that information to "cloned" debit/credit cards, which they used to drain their victims'' bank accounts via Bank of ... More >>

We've Bailed out the Banks. When Do We Go After the Crooks Behind our Financial Collapse?

Have You Seen... Uptown Bank Robber

​We're told that the number of local bank robberies is down this year -- 159 versus 244 this time last year. Nonetheless they're still happening and one went down Thursday morning at the Bank of America at Broadway near 107th Street. The suspect, pictured, is believed to be in his 30s, and 5' ... More >>

As D.C. Cuts Their Power, Card Companies Psych Customers into Paying

The poor credit card companies! All those newly-destitute customers are defaulting on their debts, forcing companies like Advanta out of lending altogether. And the Senate is speeding ahead with legislation to restrict their power to jack up rates whenever someone sneezes. Fortunately they still h ... More >>

Stress Tests: Banks Need to Raise $75 Billion to Stay Afloat

The results of Obama's stress test on the banks, for which 150 government agencies examined TARP-funded U.S. financial institutions to determine their states of health, are in. The bad news first: 10 of the 19 banks examined will need to raise $75 billion in additional capital to be deemed sufficien ... More >>

Gucci Mane Has Ice To Spare

Fuck mortgage-backed securities, default credit swaps, AIG, Fanny Mae, Freddy Mac, Alan Greenspan, George W. Bush, Citigroup, Chrysler, Washington Mutual, Bernie Madoff, Sir Allen Stanford, Henry Paulson, Timothy Geithner, suicide loans, TARP, GM, Wells Fargo, Jerome Kerviel, al-Qaeda, Iran, Osama b ... More >>

Are Banks Just Getting Their Karma?

Beware addicts U.S. banks are worse off than Bernie Madoff these days, their net value having plummeted below the earth's surface as these once formidable institutions freefall into oblivion. We know this is largely a result of their greed, negligence, and overly liberal allotments of money to pe ... More >>

Saturday's Headlines: Madoff to plead guilty on Thursday

[HARKAVY is now blogging at The Smart Asset]Your Saturday New York headlines... Madoff to plead guilty on Thursday. Court struggling with how to keep so many victims informed of proceedings.Dwyer: Two "mafia cops" continue to draw pensions even after life sentences upheld.Bloomberg doesn't like the ... More >>

Cuomo Subpoenas Merrill Lynch Bonus Bandits

The financial crisis has nearly exhausted our sense of outrage. When we first heard about the ridiculous bonuses Merrill Lynch paid out just before it collapsed into the arms of Bank of America -- which, as BoA is TARP-funded, amounted to a bailout -- we were shocked and angry, but now we just go ... More >>

Cuomo May Seek Giveback of $4B Merrill Lynch Bonuses

The saga of the $4 billion in bonuses paid to collapsed Merrill Lynch just got funnier for everyone except the people who received the money. Having subpoenaed ousted Merrill Lynch CEO John Thain (and the head of Bank of America, which took the firm over) about the bonuses, AG Andrew Cuomo is said t ... More >>

Where's the news? Obama's whitehouse.gov is transparent -- but not in a good way.

Check out this smarmy explanation by the Obama White House's tech crew of its new website. Barack Obama's version of the official presidential website, whitehouse.gov, is deeply troubling and downright scary. So far, it's nothing more than puffery. Even under the Bush-Cheney regime, the site in ... More >>

Circuit City Dies, 30,000 to be Laid Off

You may remember that in the early days of the TARP, people would ask why we were bailing out banks but not Circuit City, the troubled electronics chain that went bankrupt in November. They were told then that private sector capitalism would sort it out, and in late December Circuit City got a $1.1 ... More >>

Krugman called it: 'Heads they win, tails we lose'

Daily Flog: Wall Street's broken brokers go for broke; McCain's lie is buried by meltdown news

EZ Pass: Times Finds NYers Won't Say No to a Free Ride

Interest-Free!

James Scurlock's debt doc not worth price of admission

'Real-life Mexicans not only don't care about those stereotypes, they embrace them'

We Don't Need No Thought Control: Marketers' Dirty Tricks

'The Streets Belong to Us'

NYC activists call for a day of civil disobedience

Violet Apples

Staring Debt in the Face

Hapless Military Personnel Are Ordered to Use Plastic, Get Dunned by the Pentagon

Dam Shame

Activists Target Global Financiers of Chinese Eco Disaster