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Old 10-19-2010, 09:01 AM
 
37,315 posts, read 59,869,570 times
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BoA doing its thing...
BofA Will ‘Defend’ Shareholders in Mortgage Buybacks - BusinessWeek
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Old 10-20-2010, 06:50 AM
 
Location: Lakewood Ranch, FL
5,662 posts, read 10,743,344 times
Reputation: 6950
I thought this paragraph was particularly telling:
"Bank of America was criticized by community groups and the Service Employees International Union for restarting the process. The company hasn’t spent enough time on its review, the SEIU said in a joint statement with PICO National Network, National People’s Action, Northwest Federation of Community Organizations and Alliance of Californians for Community Empowerment."
I don't know it to be fact but I've been hearing for years now that these are the same folks who bought out Barney Frank and Chris Dodd to make possible these loans to completely unqualified borrowers in the name of social justice...never mind about common sense. The older I get, the more I read and hear, the more conservative I get on some issues. It's amazing to me how corrupt our system (not just political) is from top to bottom...and how you-know-what can roll down from "the hill."
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