Posts from July 2011

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  • By Michael Labeit                                                   This is from the newsroom of Senator Bernie Sanders’ website: “The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping […]
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  • By Andrew Longstreth  (Reuters) – Four weeks ago, Bank of America Corp reached an $8.5 billion settlement it hailed as a step forward in putting mortgage liabilities behind it. But New York’s attorney general is sending strong signals he could try to reshape the deal or even scuttle it. The settlement, which requires court approval, could provide […]
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  • By Barry B. Burr  CalPERS, Texas Teacher Retirement System, BlackRock and 12 other pension funds and investment management companies are suing Bank of America and others, alleging securities fraud involving mortgage lending of B of A’s Countrywide Financial business. The suit, filed Thursday in U.S. District Court in Los Angeles, accuses the defendants of inflating Countrywide earnings by overstating […]
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  • Huffington Post Article: By Richard Zombeck  There are some rumblings that the Department of Justice is putting the pressure on state attorneys general to sign onto the controversial $20 billion mortgage settlement deal this week that could release banks from legal claims in state investigations and law suits. Monday, Massachusetts Attorney General Martha Coakley joined a handful of […]
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