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Thread: Bank of America to pay $16.65 billion over mortgages

  1. #11
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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by WCH View Post
    DoJ to give settlement money away to Liberal activist groups.

    DOJ To Give Money From Bank Of America Settlement To Liberal Activist Groups | The Daily Caller

    What of bunch of POS.

    The banks get to write-off the penalties and the monies are redistributed to Leftists.
    For some reason I seriously doubt this, possibly because it can only be found on far-right websites like "Western Journalism"
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by Unitedwestand13 View Post
    how can it since ACORN is defunct and no longer functions as a organization at any level.
    You were lied to.

    ACORN
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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by Mr. Invisible View Post
    For some reason I seriously doubt this, possibly because it can only be found on far-right websites like "Western Journalism"
    Judicial Watch reported this scheme two years ago.

    DOJ Steers Countrywide Settlement Cash To Leftist Groups With Dem Ties - Judicial Watch
    32 “Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. 33 But whoever disowns me before others, I will disown before my Father in heaven.
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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by WCH View Post
    You were lied to.

    ACORN
    Did you read the article? It's talking about how former members of the now-defunct ACORN organization are now involved in other organizations and movements.

    Quote Originally Posted by WCH View Post
    Do you have it from a source that is not so blatantly biased?
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by Hicup View Post
    The DOJ is just the lawyer for the government, note, government. It's the governments money, IE the peoples money, and who spends it is the people, NOT an arm of the administration.

    I need to look into this further. Does anyone know how or where money from awards goes?

    Tim-
    DOJ Steers Countrywide Settlement Cash To Leftist Groups With Dem Ties - Judicial Watch
    32 “Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. 33 But whoever disowns me before others, I will disown before my Father in heaven.
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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by WCH View Post
    DoJ to give settlement money away to Liberal activist groups.

    DOJ To Give Money From Bank Of America Settlement To Liberal Activist Groups | The Daily Caller

    What of bunch of POS.

    The banks get to write-off the penalties and the monies are redistributed to Leftists.
    Fine's and penalties are typically non-deductible for tax purposes.

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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by Mr. Invisible View Post
    Did you read the article? It's talking about how former members of the now-defunct ACORN organization are now involved in other organizations and movements.



    Do you have it from a source that is not so blatantly biased?
    The ACORN doesn't fall far from the tree. Why would these other groups be any different?

    La Raza is certainly one to be concerned with. (without the ACORN ties)
    32 “Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. 33 But whoever disowns me before others, I will disown before my Father in heaven.
    Matt. 10:32-33

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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by iguanaman View Post
    Bank of America to pay $16.65 billion over mortgages - Aug. 21, 2014

    That brings BAC to a staggering $74 Billion in penalties due to misconduct in the mortgage boom. Yet there are some who doubt the culpability of the banks for causing the crisis. They had help of course, GW Bush was invaluable in his support of the bankers scheme and it could not have happened without his help.

    HUD Archives: President George W. Bush Speaks to HUD Employees on National Homeownership Month (6/18/02)
    Howdy i-man,

    Addressing the 16.65 Billion:

    This action was actually Gov. BS. Important missing background:

    This fine was exclusively due to improprieties of Countrywide Financial only. and not BA maleficence. BA did not own Countrywide during the time period the problems occurred.

    When Countrywide was failing, BA was coerced, by the Feds, to buy the organization and effectively absorb the financially plagued institution; then sued by the Feds for Countrywide's bad dealings.

    Just more gov. showboating.

    For me, I want to see specifically where every penny of that settlement goes. But, you can make a safe bet, that will not be exhibited. The action effectively lined the gov. coffers and hurt both private and institutional investors solely for appearances.

    GW did influence some things but generally this is not one of them; he actually warned of the bank problem in 2001 but could not get Congress to act. The Housing melt down final coffin nail occurred during the Clinton administration and was initiated during the Carter years.. The entire debacle is quite involved and not so simplistic as to be able to blame the situation on one man (particularly the wrong man).

    Celebrate "good" today

    my 2 cents

    Thom Paine
    Remember, on the other side of that screen is a real person. ( Missouri Mule )

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    Re: Bank of America to pay $16.65 billion over mortgages

    So, now the B of A is paying out nearly 17B to La Raza and the defunct ACORN, is that what we're to believe?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Bank of America to pay $16.65 billion over mortgages

    Quote Originally Posted by Dittohead not! View Post
    So, now the B of A is paying out nearly 17B to La Raza and the defunct ACORN, is that what we're to believe?
    Under Obama's orders.

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