Reform reading: Fed reveals details about $3 trillion in emergency loans

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "Bank of America":

"… rtgage-backed securities and commercial paper from banks and big companies.Bank of America Corp. and Wells Fargo & Co. were among the biggest borrowers from one …"

Bank of America pays $108 million to settle latest case against troubled Countrywide unit

Struggling homeowners who were overbilled by two Countrywide Financial subsidiaries for services such as lawn care and home inspections at t

Excerpts from this story referencing "Mortgage":

"… $28 million settlement with Bear Stearns Cos., LLC and its subsidiary, EMC Mortgage Corp. in 2008.For Countrywide, though, the sum is a relative drop in the b …"

Data shows Deutsche Bank was key patron of questionable mortgage lenders

By Michael Hudson

Data shows Deutsche Bank was key patron of questionable mortgage lenders

Excerpts from this story referencing "Mortgage":

"… ities, which were underpinned by home loans from subprime giant Ameriquest Mortgage, were, quite simply, “crap.”For U.S. Senate investigators, the email i …"

"… Citigroup acquired its loan-servicing unit and its sister company, Argent Mortgage.Ameriquest wasn’t the only lender with a questionable pedigree that Deut …"

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Financial reform this week: Senate hearing to examine systemic risk response

By Julie Vorman

This week in financial reform

Excerpts from this story referencing "Bank of America":

"… the future of capital reform. Begins 1230 ET. Wednesday, May 11 Bank of AmericaBank of America management holds annual shareholders meeting …"

"… al reform. Begins 1230 ET. Wednesday, May 11 Bank of AmericaBank of America management holds annual shareholders meeting.Risk retention — …"

Bank of America, tech VP clash over money-laundering detection

By Michael Hudson

Bank of America Corp. faces myriad disputes with whistleblowers, state attorneys general, and homeowners after surviving the U.S. financial

Excerpts from this story referencing "Bank of America":

"… ca — and Spawned a Global Crisis. …"

"… ence that Brazilian money launderers had moved $3 billion through a single Bank of America office in New York. A U.S. Senate panel, meanwhile, was preparing a report …"

"… issue a written ruling in several weeks to decide Galinsky’s claim that Bank of America violated the whistleblower protections in the 2002 Sarbanes-Oxley corporat …"

"… age lender, at the height of the financial crisis in late 2008. Last June, Bank of America agreed to pay $108 million to settle charges that loan-servicing operation …"

16 cents on the dollar: Doing the math on Mozilo settlement

By Michael Hudson

In the end, Angelo Mozilo settled for pennies on the dollar. ...

Excerpts from this story referencing "Bank of America":

"… yment contract, it will be paid instead by Countrywide’s insurers and by Bank of America, which bought Countrywide in 2008.The government settled for less than it …"

"… ’re following someone off a cliff to know when to stop.”In early 2008, Bank of America purchased Countrywide, once worth as much as $26 billion, for a fire-sale …"

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Bailout watchdog probes suspected TARP fraud at 64 banks

The government watchdog charged with overseeing the $700 billion bank bailout fund is claiming broad success in cracking down on individual

Excerpts from this story referencing "Bank of America":

"… charges last year by former New York Attorney General Andrew Cuomo against Bank of America Corp. former chief executive officer Ken Lewis for failing to disclose to …"

Customers close accounts to protest Wall Street, abusive lending practices

Angry at Wall Street over the financial crisis and consumer credit practices seen as predatory, some consumers have opted to close their acc

Excerpts from this story referencing "Bank of America":

"… ls Fargo will report earnings on Wednesday, followed by Morgan Stanley and Bank of America Corp. later in the week.For Philip Harris, a special education teacher and …"

"… not going to finance these people any more.”Harris moved his assets from Bank of America to a local credit union and uses a debit card for most purchases.But not e …"

"… loan, and many others were having trouble raising capital.JP Morgan Chase, Bank of America, and Wells Fargo & Co. have completely repaid the government. Citigrou …"

"… efore and after the financial meltdown.Lehman is shifting his banking from Bank of America, likely to a local credit union. His stand is “based purely on principal …"

The end of Lehman, part 3

In Parts 1 and 2 of this series, Michael Hudson wrote about how Lehman was a leader in turning what had been a backwater market for subprime

Excerpts from this story referencing "Bank of America":

"… way, and the intervening months have proved them right. A few months ago, Bank of America said it wrongly classified $10.7 billion in repo agreements as sales, Citi …"

Reform reading: Big banks take on CFTC over policing of derivatives

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...

Excerpts from this story referencing "Bank of America":

"… industries to hedge investments in physical commodities and interest rates.Bank of America CEO says he has best job in worldA robo-signing controversy, ever-growing …"

"… ng foreclosures, and new financial reform regulations aren’t daunting to Bank of America chief executive Brian Moynihan. “There’s not a better job in the world …"

"… told the Times. “Brian still has to prove that he can ride the tiger at Bank of America.”In 2010, BoA spent $2.8 million on lobbying in Washington, an amount th …"

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