Wednesday, October 24, 2012

High Toxicity

Here are two great stories to read back-to-back about the same financial institution. Obama Campaign Borrowed $15 Million From Bank of America and Bank of America sued for alleged mortgage fraud. From the lawsuit story.

The Justice Department is seeking $1 billion from Bank of America, alleging the bank committed fraud by selling defective mortgages from a program it says was known within the bank as "the Hustle."

My guess: the Justice Department will just settle out for $185 million, then Eric Holder will say to the BoA cashier to "Write the check out to the Obama Campaign for an even two hundred. And write this on the memo line of the check: Hustle Part 2."

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