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NEW YORK (CNNMoney) -- 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."
A $60 YR ($5 MONTH) GREED FEE
TO ADD $1.25 BILLION A YEAR:
AFTER YOU ELIMINATED 30,000 JOBS TO SAVE $5 BILLION?
Brian T. Moynihan (wife: Susan E. Moynihan)
26 Wachusett Rd.
Wellesley Hills, MA 02481
Phone Number (781) 235-1004
Contact Bank Of America CEO ADDRESS Information VERIFIED
YES YES YES Bank Of America's CEO's residence is in Massachusettes
DESPITE Bank Of America
Headquarters being in Charlotte.
Contact Bank Of America CEO. Home Address VERIFIED. The executives have even been named and called, Captain Clueless and "The Seven Dwarfs".
Contact Bank Of America CEO Information (EXECUTIVE CUSTOMER SERVICE) or you can just occupy Wall Street
Barbara J. Desoer, President, Home Loans, Bank of America Corporation
(husband: Marc Desoer)
16 Killarney Place
Alameda, CA 94502
YOU MAY BE UNDERWATER ON YOUR MORTGAGE OR HAVE LOST YOUR HOME,
BUT BARBARA DESOER HAS A $1.2 MILLION DOLLAR HOME AND A $3.2 MILLION DOLLAR BEACH HOUSE.
Neil Cotty, Former Interim Chief Financial Officer and Chief Accounting Officer Executive Customer Service
(wife: Claire Cotty)
6700 Honors Ct.
Charlotte, NC 28210
Charles H. Noski (Chief Financial Officer)
(wife: Lisa Noski)
Noski took the position when Former Interim Chief Financial Officer Neil Cotty was no longer _______ (who knows).
Charles H. Noski (Chief Financial Officer)
(wife: Lisa Noski)
2908 Paseo Del Mar
Palos Verdes Estates, CA 90274-4319
David C. Darnell, President, Global Commercial Banking Executive Customer Service
(wife: Kim Darnell)
1129 Granville Rd.
Charlotte, NC 28207
Anne M. Finucane, Global Strategy and Marketing Officer Executive Customer Relations
(husband: Michael Finucane)
20 Trapelo Rd.
Lincoln, MA 01773-2004
Thomas K. Montag, President, Global Banking and Markets
(wife: Janet Montag)
127 E 73rd St.
New York, NY 10021-3502
Edward P. O'Keefe, Bank of America General Counsel
(wife: Patricia O'Keefe)
4136 Cornwallis Camp Drive
These HOME Phone numbers and HOME addresses are more or less public
nformation, available to anyone with an Internet connection (or a phone
It is NOT illegal and there is no law prohibiting someone from
publishing public information. PERIOD.
Joe L. Price, President, Consumer & Small Business Banking
(wife: Christine Price)
(Neighbor to Catherine Bessant)
2542 Forest Drive
Charlotte, NC 28211
Catherine P. Bessant, Global Technology and Operations Executive
(husband: John Bessant) (Neighbor to Joe L. Price)
2515 Forest Dr.
Charlotte, NC 28211
Are banks getting robbed or are banks the one's doing the robbing? Get ready for a new wave of bank fees.
Bank of America said that it plans to eliminate 30,000 jobs as part of a plan to save $5 billion.
After saving $5 billion in layoffs, Bank of America announced a $60 YEARLY FEE starting next year for customers who make debit card purchases. Why didn't everyone flee like NetFlix and send their stock tumbling?? They already had their website crashed. Bank of America's Website Crashes After $5 Debit Fee Announcement. In 2007, Bank of America had roughly 21 million customers in their database, a hacker's dream.
Bank Of America CEO email address: If you really believe that the CEO of a Fortune company uses an email address that you found online, you might as well go back to that other website that is full of shit. The CEO's email address is changed as soon as it becomes public. Even if the CEO got an email from a customer, do you really think that he is going to respond to it? A certified letter to his home address or contacting one of his executives is a sure way to have your message heard. An email address offers no proof that your message was received.
Bank of America's controversial deal to settle various putback claims for $8.5 billion led to a lot of rancor, some of it involving the trustee that negotiated the deal, BNY Mellon. New York AG Eric Schneiderman is looking into whether BNY Mellon was conflicted in its role. Other bondholders (not party to the settlement) have claimed as much. New BNY Mellon (Bank of New York / Mellon Financial Services) CEO Gerald Hassell says the bank didn't do anything wrong.
Bank of America's attitude of "Screw the Shareholders", only leaves for the imagination what their motto was for low level employees. Bank of America is one of the largest financial service companies, based in Charlotte, North Carolina. It is the largest bank by assets. The bank holds more than 12% of all U.S. deposits. Bank of America serves customers in more than 150 countries and has a relationship with 99 percent of the U.S. Fortune 500 companies. At one point Bank Of America was considered one of the healthiest survivors of the 2007 credit crisis, plunged in market value due in part to massive losses caused by its purchase of Merrill Lynch. As of September 2009, the total value of Bank Of America's Mortgage and Asset Backed Securities is one of the highest in the banking industry at $264 Billion. Bank of America is one of the Big Four Banks of the United States with Citigroup, JP Morgan Chase and Wells Fargo. Brian Moynihan is the CEO of Bank of America.Capital One (Credit Card & Banking Institution) has had high fees for decades, which is part of their CEO's (Richard Fairbank) ability to graduate from the top of his class.
Bank of America received US $20 billion in federal bailout from the US government through the Troubled Asset Relief Program (TARP). In January 2009, Bank of America, also got guarantee of US $118 billion in potential losses at the company. This was in addition to the $25 billion given to them in the Fall of 2008 through TARP. The additional payment was part of a deal with the US government to preserve Bank of America's merger with the troubled investment firm Merrill Lynch. The Bank's former CEO, Ken Lewis, was quoted as claiming "We are still lending, and we are lending far more because of the TARP program." Members of the US House of Representatives, however, were skeptical and quoted many anecdotes about loan applicants (particularly small business owners) being denied loans and credit card holders facing stiffer terms on the debt in their card accounts. According to a March 15, 2009 article in The New York Times, Bank of America received an additional $5.2 billion in government bailout money, channeled through American International Group.
As a result of its federal bailout and management problems, The Wall Street Journal reported that the Bank of America is operating under a secret “memorandum of understanding” (MOU) from the US government that requires it to ”overhaul its board and address perceived problems with risk and liquidity management.”
Recent controversy comes from a New York lawsuit that Manhattan attorney, Jacob Zamansky, has filed that claims Bank of America was involved in a $413 million Ponzi scheme. The lawsuit alleges that the bank “aided and abetted, encouraged, and rendered substantial assistance” to the $413 million fraud that federal prosecutors say was perpetrated by Nicholas Cosmo and his company Agape World.
"Bank of America ignored banking compliance standards and did not file any suspicious activity reports as $400 million was run through numerous BofA accounts by a convicted felon," says Jacob Zamansky of Zamansky & Associates, one the plaintiff's lawyers in the lawsuit. "This case highlights the role of financial institutions in assisting Ponzi schemes." The complaint accuses Bank of America of housing 13 accounts used by Cosmo and his brokers, some of whom had criminal records of their own. The bank did nothing to intervene as investor money was commingled, wired to commodities futures brokerages and used to pay off Cosmo's personal expenses, according to the complaint.