11-01-05 Bank of America and the US Economy in a Crossroads // Bank of America y los EE.UU. Economía // 美国银行和美国经济

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Information Clearing House Newsletter

News You Won't Find On CNN
January 04, 2011
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Bank of America Scrambling to Mount Defense Amid Threat of Devastating WikiLeaks Reveal: 

A team of Bank of America officials is scrambling to investigate its own documents and executives' hard drives in an effort to be prepared, should WikiLeaks release devastating materials about the bank.
http://bit.ly/i9gKWn

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U.S. Home Foreclosures May Top 100,000 In January:

Yun says there is a massive shadow inventory - homes not yet on the market where the owners are more than 90 days behind on their payments. "It's just inevitable that they will go into a foreclosure," he says.
http://n.pr/g76P1F

 

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BofA bribes government:
BoA Settles $2B Claim On Home Loan Fault:
Bank of America has paid out $2.6 billion over allegations leveled by U.S. mortgage giants Fannie Mae and Freddie Mac that it sold loans based on faulty information
http://bit.ly/e0lZtS

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The New Stealth Bailout Of Bank Of America

By Joe Weisenthal

Bank of America just settled for about $.01 on the dollar.
http://www.informationclearinghouse.info/article27185.htm

 

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Number of Uninsured Americans Soars to 50 Million:

The number of uninsured rose to 50.0 million in 2009, an increase of 4.3 million.
http://bit.ly/hu7rn6

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America Is About To Slide Into Third World Status?

By RT

Economist Michael Hudson joins Thom to talk about countries looking for alternatives to US dollar and rescued banks teetering towards collapse.
http://www.informationclearinghouse.info/article27189.htm