Bank of America Topics

Democracy Now! stories, posts and pages that relate to Bank of America

  • Matt_taibbi
    In part two of our interview with Matt Taibbi, he describes recent Wall Street scandals — including a decade-long Wall Street scandal that drained money from every county and state in the United States — and notes not a single bank executive has faced individual consequences. He also explains how Republican presidential nominee Mitt Romney’s former firm, Bain Capital, and others have used private equity to raise money to conduct...
    Jul 30, 2012 | Web Exclusive
  • By Amy Goodman with Denis Moynihan

    Shareholder meetings can be routine, unless you are Bank of America, in which case it may be declared an "extraordinary event." That is what the city of Charlotte, North Carolina called the bank’s shareholder meeting this week. Bank of America is currently the second largest bank in the US (after JP Morgan Chase), claiming more than $2 trillion in assets. It is also the "too big to fail"...
    May 09, 2012 | Columns & Articles
  • Thumbbofa
    Occupy Wall Street protesters, environmental activists, and struggling homeowners are converging in Charlotte today for a protest outside Bank of America’s annual shareholder meeting. The protesters are calling attention to the bank’s involvement in the financial crisis, its support for the coal industry, and its long record of alleged foreclosure abuses. The rally marks a test run for activism targeting September’s Democratic...
    May 09, 2012 | Story
  • Button-boa-anonymous
    In his new article, "Bank of America: Too Crooked to Fail," Rolling Stone reporter Matt Taibbi chronicles the remarkable history of the rise of Bank of America, an institution he says has defrauded "everyone from investors and insurers to homeowners and the unemployed." Taibbi describes how the Bush and Obama administrations have repeatedly propped up the financial institution, which received a $45 billion taxpayer bailout...
    Mar 22, 2012 | Story
  • Button-jefferson-country
    As Mississippi and Alabama hold their Republican primaries, we go to Jefferson County, Alabama, where the financial situation is so grim that it cannot hire enough staff to run today’s election. Critics say Jefferson County, home to Birmingham, represents some of the worst consequences of the pro-corporate agenda backed by leading Republican candidates. Late last year, it filed the largest municipal bankruptcy in U.S. history after failing...
    Mar 13, 2012 | Story
  • Splash_image20111109-11905-kdkmsh-0
    Protests were held across the country Saturday to mark Bank Transfer Day, a campaign to move accounts from big banks into community banks or credit unions. Credit unions attracted more than 40,000 new account holders, reporting about $80 million in new savings, or an average of about $2,000 per new account holder. The campaign was organized by Kristen Christian when she learned that Bank of America planned to charge her a $5 monthly debit card...
    Nov 09, 2011 | Story
  • Splash_image20110823-602-1rq2zmj-0
    An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent...
    Aug 23, 2011 | Story