Predator Profile: BANK OF AMERICA

BANK OF AMERICA CORP

Bank of America has become one of the main symbols of the excesses that brought about the financial meltdown of 2008 and the ensuing economic troubles. BofA was culpable both through its own actions and those of two troubled companies it acquired in 2008: Countrywide Financial and Merrill Lynch. Countrywide initiated many of the predatory mortgages that were then bundled by the likes of Merrill into securities that turned out to be toxic.Those entities ended up costing BoA vast amounts, including a 2014 Justice Department settlement with a price tag of nearly $17 billion.

BofA – RAP SHEET

Corp-Research.org – Predatory behavior and violations. Complete inventory.

General Profile Data on BofA

Website
Board of Directors
Company Profile
Financials

Sources of Interest

Ordered to Pay 1.27 Billion Damages for Mortgage Fraud

Settles Suit for Illegally Foreclosing on Servicemen

Bank of America Settles Suit Over Merrill Lynch

Corporate Research Project: BANK OF AMERICA

Reading

All the Presidents’ Bankers: The Hidden Alliances that Drive American Power

Tower of Basel: The Shadowy History of the Secret Bank that Runs the World

Lords of Finance: The Bankers Who Broke the World

“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.”

Abraham Lincoln