Thursday, October 25, 2012

Bank of America Give and Take

I'm going to steal an ongoing theme from Small Dead Animals.

the act or an instance of placing two or more things side by side; also: the state of being so placed
This is the time at Delitescent Truths when we juxtapose.  Ready?

The Obama campaign, while leading in most September polls, took out a $15 million loan from Bank of America that is due to be repaid on Nov. 14, or eight days after the 2012 elections, according to a report in The Blaze published Saturday.
Eh...$15 Million greenbacks loaned to Obama by Bank of America to win an election.
The US has filed a fraud case against Bank of America Corp, accusing it of causing taxpayers more than $1bn of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.
Wednesday's case, originally brought by a whistleblower, is the justice department's first civil fraud case over mortgage loans sold to the big mortgage financiers, which were bailed out in 2008.
It also compounds the legal problems that Bank of America Chief Executive Brian Moynihan faces over the second-largest US bank's disastrous 2008 purchase of Countrywide Financial Corp, once the nation's largest mortgage lender.



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