April 9, 2012, 2:49 pm
Bank of America has been named Villain Number One by many of the Occupy protesters (not to mention most of the other 99%). Bank of America has played a central role in the housing disaster. It bought subprime mortgage giant Countrywide Financial back in 2008. Of the $750-billion in loans, about $250-billion are in foreclosure.
Deemed “too big to fail,” Bank of America was given billions in taxpayer money and trillions, yes trillions, in emergency loans. Meanwhile, Bank of America paid zero dollars in taxes but somehow got another $1-billion back from the IRS.
Bank of America has rewarded American taxpayers with more foreclosures, many of them apparently of dubious merit still. So what better way to reward Bank of America for their shady dealings with taxpayers than to move into their lobbies (which, technically, we have paid quite a bit of money for).
Needless to say the…