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Bank Of America The Bad News Bank
We are unashamed of our unabashed continuous bashing of Bank Of America. As a woman we know would say, “They are financial terrorists.”
We concur. What they do as perpetrators of financial terror is akin to strapping on a bandoleer of explosives and detonating them in your home as physical terrorists would do causing harm, serious injury, even death to you and your family.
That is why we continue to alert the banking public to the actions of the largest bank in the U.S. by assets; assets that come from your deposits and excessive fees paid by you the depositor.Myriad lawsuits have been filed against Bank Of America. We think the Sklar case filed in New York’s federal court last month will have some traction. Just as we believe the University of California’s fraud case against former Enron Corporation banks which includes Merrill Lynch now owned by–that’s right, Bank Of America, will be successful.
Last month the general counsel for the UC asked for court permission to amend its securities-fraud complaint. The university will want to proceed individually with the state claims only if the court rules against it on a request by the lenders to dismiss federal, class-action securities-fraud claims, according to the filing.
It’s getting to the point if there is fraudulent activity in the air you’ll find Bank Of America there.
BTW if you have a few extra dollars you may want to buy some Bank Of America stock. According to Bloomberg Bank of America Corporation. (BAC US) slipped 3 percent to $6.39, and earlier dropped as much as 8 percent, the most in three days.
President Barack Obama said some banks remain “very vulnerable” and it’s likely they haven’t fully disclosed all of their losses. The president said that banks getting relief would have to abide by certain conditions on executive compensation.
Hmm sounds to us like Bank Of America could be one of the banks the president is referencing.
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