Wednesday, April 18, 2012

“Move Your Money” – OWS: Time to Break up Bank of America

What bank received $45 billion in bailout money, and trillions (T) in emergency loans from the Federal Reserve? What bank did not pay taxes last year but did receive a REFUND of $1 BILLION (with a B)? What bank is always right on the verge of collapse?

If you answered admitted felon Bank of America, you win and avoided a $30 NSF penalty.

Lawsuits, settlements in billions, downgrade by Moody’s and court orders be damned, Bank of America is still conspiring to manipulate the financial game with your money. Rolling Stone’s Matt Taibbi said unless something is done soon, BofA is in line for yes, another bailout. Taibbi also said, if we the people take action for one month, if we pull our money out of BoA, it’s a goner.

“Bank of America torched dozens of institutional investors with billions in worthless loans, repeatedly refused to abide by contractual obligations to buy them back, evaded hundreds of millions in local fees and taxes, pushed tens of thousands of people into foreclosure using phony documents, ignored multiple court orders to stop its illegal robo-signing, and exploited President Obama’s signature mortgage-relief program. The bank fixed the bids on bonds for schools and cities and utilities all over America, and even conspired to try to game the game itself – by fixing global interest rates!”

Bank of America is still sending collections agencies after people who don’t have debt anymore and hiking up fees on those who can’t afford them.

Occupy Wall Street says enough is enough. Read More