Bank of America Must Pay Excess Settlement Funds To Acorn Clones

Paul Sperry Investor’s Business Daily 1/4/2012

Bank of America (BAC) must turn over excess funds from a record $335 million discrimination fine to community organizing groups. Critics say it’s a “political backdoor” to subsidize Democrat-tied Acorn “clones.”

The unusual mandate is buried in a Justice Department filing last month detailing settlement terms with the nation’s […]

Wall Street’s New Nightmare: The Next Wave Of Mortgage-Backed Securities Claims

Her $8.5 billion Bank of America settlement over bad mortgage deals was just the beginning. Now, backed by bond giants Pimco and BlackRock, Texas lawyer Kathy Patrick is gearing up for a new legal assault on the financial industry.

Nathan Vardi Forbes 10/17/2011

This article appears in the November 7 edition of Forbes magazine.


Countrywide VIP Loan Unit Benefited Many Fannie Mae Execs

Dan Riehl Riehl World View 7/20/2010

Not only is this at the heart of the current economic problems, the new financial regulation bill does nothing to address the abuses of Fannie Mae and Freddie Mac. Why would it, I believe Rahm Emmanuel did some time there, as well. Say hellp to the corrupt so […]

Reps. Issa and Towns Reach Agreement on Countrywide Subpoena

Committee on Oversight & Government Reform Friday, 23 October 2009

WASHINGTON. D.C. – In December of 2008, House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) launched an investigation into Countrywide Financial Corporation’s infamous VIP and Friends of Angelo Program that exposed the inner workings of Countrywide’s efforts to buy friends in […]

See Dodd spin. Spin, Dodd! Spin!

by Moe Lane Saturday, October 24th 2009

Senator Chris Dodd (D, Irish Mansion CT) is having a time of it with this sweetheart Countrywide loans thing. First off, the Senate Ethics investigation somehow managed to avoid going after him for his activities, which meant that Dodd thought that he could start repairing the damage […]

Breitbart: Democrat resists subpoenaing VIP mortgage records

Jul 30 03:04 PM US/Eastern By LARRY MARGASAK Associated Press Writer

WASHINGTON (AP) – House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens. Chris Dodd and Kent Conrad.

Republicans say […]