Tag Archives: Bank of America

Big Wall Street megabanks are still putting American taxpayers at risk

Big banking institutions like Bank of America and Citibank hold more investments than they have cash on hand to cover. That means that if those assets lose their value, the banks can’t recover on their own. And when a bank’s … Continue reading

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Bank of America sued for alleged mortgage fraud

“The Justice Department is seeking $1 billion from Bank of America, alleging the bank committed fraud by selling defective mortgages from a program it says was known within the bank as “the Hustle.” Those mortgages were purchased by government-backed mortgage … Continue reading

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