“No one needs these homes, no one is going to buy them,” said Christopher Thornberg, founding partner at the Los Angeles office of Beacon Economics LLC, a forecasting firm. “Bank of America is not going to be able to cover its losses, so it might as well give them away and get a little write-off and some nice public relations.”
Wednesday, July 27, 2011
BofA Donates Then Demolishes Houses to Cut Glut - Bloomberg
BofA Donates Then Demolishes Houses to Cut Glut - Bloomberg
Saturday, July 2, 2011
New York Attorney General Steps Up Probe Into BofA-Merrill Disclosures - WSJ.com
New York Attorney General Steps Up Probe Into BofA-Merrill Disclosures - WSJ.com
http://youtu.be/HyGQCoUeXSc
Another headache from the financial crisis is flaring back up for Bank of America Corp.
New York state Attorney General Eric Schneiderman has issued subpoenas seeking new depositions from the Charlotte, N.C., bank's chief executive and other current and former executives, according to people familiar with the situation.
The subpoenas are a sign that Mr. Schneiderman, who became New York's top law-enforcement official this year, doesn't intend to drop the civil-fraud investigation of Bank of America begun more than a year ago under predecessor Andrew Cuomo.
Mr. Cuomo, now the governor of New York, accused Bank of America, former Chief .http://youtu.be/HyGQCoUeXSc
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