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Few celebrations for year-old Dodd-Frank reform law

By Shirley Gao

Year-old bank reform law faces threats from GOP lawmakers, business groups

Excerpts from this story referencing "Bank of America":

"… ”“We’re not going to let that happen.”$50 billion bank cushion – Bank of America Corp. may have to boost its capital cushion by a whopping $50 billion …"

"… ted,” said Jason Goldberg, a Barclays Capital analyst. He estimated Bank of America needs to raise $50 billion to comply with new capital requirements designe …"

U.S. stock market plunge followed Financial Stability Oversight Council warning

By Michael Hudson

Financial Stability Oversight Council's warning of fragile markets borne out by stock market plunge

Excerpts from this story referencing "Bank of America":

"… hares were somewhat less battered, closing down less than 5 percent, while Bank of America Corp. fell a steeper 7 percent.Institutional investors which sold shares i …"

Mortgage industry whistleblower wins case against Bank of America

By Michael Hudson

Government awards mortgage whistleblower $930,000, job reinstatement

Excerpts from this story referencing "Bank of America":

"… the lender, a federal agency ruled Wednesday.The Labor Department ordered Bank of America Corp., which bought Countrywide, to pay the former executive roughly $930, …"

"… r.Eileen Foster, who worked as a vice president at Countrywide and then at Bank of America after it acquired Countrywide in 2008, claimed that high-level executives …"

"… n’t want to comment at this time, considering that I may be returning to Bank of America as an employee.”Bank of America said it plans to appeal the ruling.“Th …"

"… , considering that I may be returning to Bank of America as an employee.”Bank of America said it plans to appeal the ruling.“This is an old matter dating from 20 …"

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Countrywide protected fraudsters by silencing whistleblowers, say former employees

By Michael Hudson

Exclusive interview with a high-ranking Bank of America whistleblower reveals corruption that led to the financial collapse

Excerpts from this story referencing "California":

"… to silence whistleblowers. A former loan-underwriting manager in northern California, for example, claimed Countrywide retaliated against her after she sent an …"

"… meowners couldn’t keep up with payments. Countrywide treated borrowers, California’s attorney general later claimed, “as nothing more than the means for …"

"… n unit had trouble keeping up, according to Larry Forwood, who worked as a California-based fraud investigator for Countrywide in 2005 and 2006, before Foster t …"

"… ery 30 loans was fraudulent? When the unit shut down a branch in southern California after uncovering similar evidence of fraud, Forwood recalls, it got some p …"

Mortgage industry tanks, fraud continues at Countrywide

By Michael Hudson

As the mortgage industry melted down, fraud investigator kept up the pressure, soon lost her job

Excerpts from this story referencing "Bank of America":

"… climbing, and the industry leader, Countywide, would soon be forced to ask Bank of America for an infusion of capital to help it keep afloat.The fraud investigation …"

"… tes for account statements from various banks and brokerage firms, such as Bank of America and Washington Mutual.In some of the offices, investigators found more tha …"

"… and that its ethical standards were “rigorously enforced.”Zachary and Bank of America reached an out of court settlement in the case in 2009. As part of the set …"

"… thout them, it wouldn’t work.”‘A rare opportunity’In January 2008, Bank of America announced that it had reached a deal to purchase Countrywide, which had lo …"

Countrywide loan underwriter found herself in ‘dangerous territory’

By Michael Hudson

Countrywide underwriter learns that eventually, giants really do fall

Excerpts from this story referencing "Bank of America":

"… And they didn’t care that it was at the expense of other human beings.”Bank of America Corp., which bought Countrywide in 2008, declined to comment on Daniels’ …"

"… ant had indeed fallen, gobbled up at a going-out-of-business-sale price by Bank of America.Since she left Countrywide, Daniels has worked temporary jobs and done som …"

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From Bank of America, two different stories about tracking bailout funds

By Ben Protess

Is Bank of America, the nation’s largest bank, tracking how it spends $45 billion in taxpayer funds?

Excerpts from this story referencing "Bank of America":

"… quire the bank to admit wrongdoing, because he thought it was too small. …"

"… tracking how it spends $45 billion in taxpayer funds?That depends on which Bank of America statement you believe.The bank told the Treasury Department in M …"

"… art of our operating capital” and “cannot effectively be segregated.”Bank of America chief executive Ken Lewis made a similar statement in February to Congress …"

"… Securities and Exchange Commission. The commission charged that Bank of America had misled investors about billions of dollars in bonuses paid to Merrill …"

FDIC Chief got Bank of America loans while working on its rescue

By Keith Epstein and David Heath

Agency grants Sheila Bair retroactive ethics waiver on mortgages

Excerpts from this story referencing "Bank of America":

"… of her current career." …"

"… In the weeks between the closings on her two mortgage loans, Bair met with Bank of America’s chief negotiator in the bailout talks.To avoid conflicts of interest, …"

"… Her family rented a house in Washington until they borrowed $898,000 from Bank of America in July 2009 to buy a $1.1 million six-bedroom home in the Maryland suburb …"

"… me in the Maryland suburbs. Seven weeks later, they borrowed $204,000 from Bank of America to refinance the Massachusetts house as a second home.Mortgage documents f …"

As student credit card debt rises, banks quietly reward schools

By Ben Protess and Jeannette Neumann

Colleges make millions selling access and addresses to Bank of America

Excerpts from this story referencing "Bank of America":

"… y allow credit card companies to target students in addition to graduates. Bank of America, which dominates the market, said it has affinity contracts with some 700 …"

"… e contracts call for a range of minimum payments by banks.  At Brown, Bank of America agreed in 2006 to pay $2.3 million over seven years. At Michigan, the bank …"

"… arket is to create the foundation for a long-term banking relationship,” Bank of America spokeswoman Betty Riess said in an e-mail, adding that the bank offers rea …"

"… g growing scrutiny from consumer groups, says it reached an agreement with Bank of America to stop marketing to students in early 2008. Jerry Sigler, chief financial …"

Inside Countrywide, a ‘counseling meeting’ then termination

By Michael Hudson

Whistleblower suffers cancer, then termination from employment

Excerpts from this story referencing "Bank of America":

"… was also carried out or condoned by upper-level executives.A spokesman for Bank of America, which purchased Countrywide in 2008, declined to answer questions about E …"

"… ording to the clerk’s office for Arapahoe County (Colo.) District Court. Bank of America didn’t respond to a request for a response about Eisenman’s allegation …"

"… ass the administrative process within the Labor Department.A spokesman for Bank of America didn’t respond to questions about Wingard’s claims. …"

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