bank of america
Bank Excuses on Foreclosure Growing Stale
The Bank of America lawyer laid down a patented rhetorical move heard in courts across America. Your Honor, this Orange County, N.Y., homeowner — a New York City police officer — didn’t make enough money to qualify for a mortgage modification. He didn’t send us the right documents.
He didn’t, he didn’t, he didn’t, and so we should be allowed to foreclose.
Justice Catherine M. Bartlett of New York State Supreme Court cut off the lawyer. You, she said, are telling me lies.
Link:Read more...Submitted by admin on Tue, 11/15/2011 - 8:20pm
Nevada Lawsuit Shows Bank of America’s Criminal Incompetence
It’s pretty remarkable that Mr. Market shrugged off the devastating implications of the amended lawsuit filed by the Nevada attorney general, Catherine Masto against various Bank of America entities. As we’ve stated before, litigation by attorney general is significant not merely due to the damages and remedies sought, but because it paves the way for private lawsuits.
Submitted by admin on Mon, 10/31/2011 - 3:11amIs Bank of America preparing for a Chapter 11?
Bank of America has managed to step into the kimchee several times over the past couple of months, an achievement that only warms the hearts of crisis communications professionals. First came the abortive settlement of $10 billion or so in put-back claims by some large investors. The State of New York and anyone else paying attention intervened. Settlement is now mostly muerto in political terms, although the big investors are still paying the big lawyers to soldier on in hope of forcing a settlement on all parties. Only in New York are such things possible.
Submitted by admin on Sun, 10/23/2011 - 7:54pmBofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit
Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation.
Submitted by admin on Wed, 10/19/2011 - 1:58amBank of America Having Digital Bank Run, Website Down 6 Days
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Submitted by admin on Sat, 10/08/2011 - 11:51am
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