Market Currents
The House's Ethics Committee has ended its probe of allegations former Countrywide (BAC) CEO...
-
Friday, December 28, 2012, 12:47 PM ETThe House's Ethics Committee has ended its probe of allegations former Countrywide (BAC) CEO Angelo Mozilo made preferential loans to Congressmen and their staffers through his "Friends of Angelo" program and other initiatives. Though still calling the allegations "serious matters," the committee says they're largely outside of its jurisdiction, due to their age and the current status of the loan recipients.
Other date
Latest Articles on Financials
This news story has 14 comments:
You must change.
They typically charge outrageous fees for simple, inexpensive banking tasks. They generally pay the lowest interest rates. They have been caught laundering hundreds of billions of dollars for the Mexican Drug Cartel. They were the architects of the mortgage fraud.....and the consequence? Nothing. No time, no criminal charges, a fee and it is all good.
You support this with your business.
The government gives them money at zero interest rate so they can lend it to you.
How about some consequence? Quit complaining about the neutered DOJ and grow a pair yourself....bank locally.
I bank to make payments to my property, wife and kids shopping, etc ...now if i want to make money, I buy stocks/options ...putting $$ with the banks just simplify my payment methods and I never intend to make money off that interest payment they have..
and what made you think the local banks are more honest than the too big to fail banks?
The entire political structure is controlled by big banks. Do some research on the finance committee and who gets what.
The bailout, which was orchestrated by the banks, through the political process, controlled by the banker paid lobbyist is now estimated to have added somewhere around $13 TRILLION. You are now being asked to pay for it and you will with higher taxes.
YOU are complicit in hundreds of billions of dollars that have been laundered for drugs (google banks drug laundering - this is not conspiracy theory this is fact), laundering money for Iran (I am told by the DHS that this is treason - guess not by the DOJ's dull teeth), mortgage fraud? Cui Bono? homeowner? no. longterm stockholder? (check on Citi lately? BAC?)
You people deserve the disaster that you support. Enjoy BO jacking your taxes up next year, simply so you can get Angelo Mozillo's face a little darker.
LOCAL banks don't launder, they don't have a prop trading desk. Read the bankruptcy laws. You people will get nothing when one of these big banks Corzines you.
Meantime, Kahlid Sheik Mohammed, mastermind of 9/11 awaits trial. Rumor is that he needed 12 years to regrow his beard so he'll be presentable in court.
And Dodd and Frank remain at large--Dodd bundling Hollywood money to finance his partisans and Frank telling us he's tired after 88 years in the House and eyeing a run at the Senate.
As that famous Republican told us in song: "The beat goes on, the beat goes on..."