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Bank of America cubicles emptied of the 99% employees who used to do home loan modifications for the rest of the 99% Revolutions all over the world have been demonstrating just how critical the internet is to the modern world. It can be used to oppress and it can be used to free people [...] Topics last night included: Triumphalist liberals proclaim mission accomplished in Libya even as battles still continue in Tripoli and the National Transitional Council draws up a constitution for a strict Islamist state under sharia law. And then there’s the problem of 1000x more loose weapons than under Saddam. Libya is nowhere near being stable [...] Bank of America, the largest bank and 5th largest corporation in America is reported to have paid zero federal income tax in 2009, funneling its income through 115 foreign tax-haven subsidiaries. The $3 in my wallet is more than ExxonMobil, GE and Bank of America paid in taxes last year, combined,” said Carl Gibson, [...] This is a protest anyone, regardless of political affiliation, can get behind. Most large corporations in the US pay little or no federal income tax. US Uncut is targeting Bank of America, who received billions from the government last year yet pays less taxes than the average US household. If this happened in any [...] The 50 state attorneys general investigating foreclosure fraud are opting for settling with the five biggest as civil matters So the standard is that if you’re a bank, you can break the law. Any law – and it’s not criminal. At worst it’s a civil matter. Maybe. And here I thought our State [...] Assange also confirmed that WikiLeaks was holding a vast amount of material about Bank of America which it intends to release early next year. “We don’t want the bank to suffer unless it’s called for,” Assange told The Times. “But if its management is operating in a responsive way there will be resignations,” he said, [...] MSU = Making Sh*t Up Those wild-eyed radicals at Bloomberg detail the wobbly condition of BofA and its deranged attempt to pretend all is well. The problem for anyone trying to analyze Bank of America’s $2.3 trillion balance sheet is that it’s largely impenetrable. Some portions, though, are so delusional that they invite laughter. [...] Two days after being confronted by ABC News, Bank of America has fired a debt collection agency after several of its operators were caught using racist and obscene phone calls to collect debts from bank customers By tossing out its Merrill Lynch settlement, a federal judge puts the bank back on the firing line. Lawyers following the case said the decision could embolden New York State Attorney General Andrew Cuomo to pursue charges against Bank of America executives. Couldn’t happen to more deserving people. Zero Hedge It is now high [...] Don Corleone: Here’s my proposal. Forget about the penny-ante money in heroin, gambling, and extortion. Let’s buy some banks instead. Then we can steal billions. Ken Lewis, CEO of BofA, says he was clubbed by Hank Paulson into buying Merrill. But he forget to divulge to shareholders that Merrill had gigantic losses. But not [...] |  | ||||
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