Tag Archives: B of A

HOLY BAILOUT – Federal Reserve Now Backstopping $75 Trillion Of Bank Of America’s Derivatives Trades

Bank Of America Forces Depositors To Backstop Its $53 Trillion Derivative Book To Prevent A Few Clients From Departing The Bank $2.8 Trillion European Bailout Fund, EU Diplomats Say » Tuesday, Oct 18,2011 HOLY BAILOUT – Federal Reserve Now Backstopping … Continue reading

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B of A Donates Then Demolishes Houses to Cut Glut

Bank of America Corp. (BAC), faced with a glut of foreclosed and abandoned houses it can’t sell, has a new tool to get rid of the most decrepit ones: a bulldozer. The biggest U.S. mortgage servicer will donate 100 foreclosed … Continue reading

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