Finance Capitalism is a Scam.OWS is a sham... it's a centrally organized movement, paying off people, providing food services even in NYC, and now, the OWSers are pissed because those wretched homeless are showing up for free food and others are stealing their belongings.
Classic....
"The most recent bombshell hit in early September when Bank of America was one of 17 firms ranging from Citigroup to General Electric that was sued by the Federal Housing Finance Agency, which claimed the lenders misled Fannie Mae and Freddie Mac about the quality of loans that were packaged and sold to the government-sponsored enterprises.
"The FHFA claims in its suit filed in federal court in Manhattan that Bank of America, together with its Countrywide Financial and Merrill Lynch units, sold Fannie and Freddie mortgage-backed securities that violated securities law and that Bank of America needs to repurchase a yet-to-be determined amount of more than $50 billion of those securities."
BofA has recently moved its riskiest derivatives from Countrywide and Merrill Lynch to a retail subsidiary that is backed by the Federal Deposit Insurance Corporation.
Do any of you corporate stool-eating tools remember whose money backs the FDIC?
The Lawsuits Plaguing Bank Of America - Forbes