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Government

Bank of America Lied to Customers

Bank of America Lied to Homeowners and Rewarded Foreclosures, Former Employees Say by Paul Kiel, ProPublica Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees. The employee statements were filed late […]

Categories
Government

The Bailout: By The Actual Numbers

The Bailout: By The Actual Numbers by Paul Kiel, ProPublica Quick, how many billions in the red are taxpayers on the bailout of GM? AIG? Fannie and Freddie? Is it true that the government has reaped a profit from bailing out the banks? It should be easy to find answers to such questions. But while […]