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"But they don't need regulation!"   Economy & Healthcare

Started by Lordrag; 422 views.
Lordrag

From: Lordrag

6/14/11

Bank Of America 'Significantly Hindered' Federal Investigation, U.S. Official Says

Bank of America, the largest U.S. bank by assets, "significantly hindered" a federal investigation into the firm's faulty foreclosure practices on potentially billions of dollars worth of taxpayer-backed loans, a federal auditor told an Arizona court.

The bank withheld key documents and data, prevented investigators from interviewing bank employees or asking certain questions, and was slow to provide information, according to a June 1 declaration by William W. Nixon, a fraud examiner and assistant regional inspector general for audit for the U.S. Department of Housing and Urban Development inspector general's office.

Due to Bank of America's "reluctance," Nixon resorted to asking the Justice Department to issue so-called civil investigative demands last December to compel testimony, a "less effective" means of carrying out its investigation, Nixon said. His office can't compel testimony on its own.



CoquiNegra

From: CoquiNegra

6/15/11

..the f*ck?!

 

ricardomath

From: ricardomath

6/17/11

Nationalize their asse(t)s.


Mentioned it on ePluribus Media:

Crown Prince of The Thieves Guild - Bank of America Hindered Federal Investigation

http://discuss.epluribusmedia.net/content/crown-prince-thieves-guild-bank-america-hindered-federal-investigation

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