Bank of America to Pay Record Settlement Over Countrywide Abuses

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Walter Davis

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Dec 22, 2011, 11:34:50 PM12/22/11
to Walter Davis
Very interesting article below. Confirms my belief that Bank of America should be boycotted.

Walter

A wise man does immediately, what the fool finally gets around to. Even if you are on the right track, you will be run over if you just stand there.



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Thursday, 22 December 2011

Christopher Petrella | Seed and Blossom: Reflections on Occupy Oakland

Christopher Petrella, Op-Ed: And from the discord and the violence I hear chants pullulating to the rhythm of bursting hearts and weary feet. “We | are | the 99 per cent, | We | are | the 99 per cent!” First within, then without, the calls for unity summon order from chaos as we hum to the melody of the sacred. A bit louder we cry, “We | are | the 99 per cent,” but repetition isn’t resistance, it’s inertia.
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EPA Announces Historic Rule to Clean or Shut Coal-Burning Power Plants

Halimah Abdullah and Renee Schoof, News Report: “Unveiling a historic rule, the Environmental Protection Agency on Wednesday announced the first national requirement for the nation’s coal-fired power plants to reduce emissions of mercury, arsenic, cyanide and other toxic pollutants. The landmark ruling took more than 20 years for EPA to finish. Under the Clean Air Act, many other sources of air pollution have been cleaned up, but power plants were so important to the economy that they long had a pass.”
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Robert Reich | Why the Republican Crackup is Bad For America

Robert Reich, Op-Ed: Two weeks before the Iowa caucuses, the Republican crackup threatens the future of the Grand Old Party more profoundly than at any time since the GOP’s eclipse in 1932. That’s bad for America. Some describe the underlying conflict as Tea Partiers versus the Republican establishment. But this just begs the question of who the Tea Partiers really are and where they came from.
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Cities Take Up the “Ban the Bag” Fight

Rebecca Leischer, News Report: Environmental activists are reducing plastic waste pollution by tackling disposable plastic bags, one city at a time. About 20 U.S. cities and towns have passed disposable bag reduction laws, including San Francisco and Washington, D.C. Whether they impose a nominal fee for single-use, disposable bags, or ban them altogether, the laws encourage consumers to develop habits to replace disposable bags, particularly those made from plastic.
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Occupy Atlanta: Life After Eviction

Jin Zhao, Op-Ed: Post-eviction, Occupy Atlanta increasingly organizes its actions to engage local communities and other progressive groups. For instance, a group of Occupiers started a bike-sharing cooperative at the Peachtree-Pine Homeless Shelter that lets people use bikes in exchange for service to the Occupation or the homeless shelter.
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Occupy Movement Steps Up Activism in Iowa

Amy Goodman, Video Report: “The Occupy movement is making its presence felt in Iowa ahead of the Iowa caucus, the nation’s first nominating contest for the 2012 presidential elections. Demonstrators have targeted the Iowa Democratic Party headquarters and the ‘Obama for America’ office in recent days, protesting measures being considered in Washington dealing with defense spending, a planned oil pipeline and jobless benefits. Next they plan to focus on Republicans who will be crisscrossing the state in the next two weeks seeking voters’ support.”
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Gone Without a Case: Suspicious Elder Deaths Rarely Investigated

A.C. Thompson and Chisun Lee, News Analysis: “Nothing, it seemed, was unusual about Joseph Shepter’s death. A retired U.S. government scientist, Shepter spent his final two years dwelling in a nursing home in Mountain Mesa, Calif., a small town northeast of Bakersfield. A stroke had paralyzed much of his body, while dementia had eroded his ability to communicate. He died in January 2007 at age 76. On Shepter’s death certificate, Dr. Hoshang Pormir, the nursing home's chief medical officer, explained that the cause was heart failure brought on by clogged arteries.”
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Melissa Harris-Perry: Confronting Stereotypes of the Black Woman

Audio Report: “Since the days of slavery, the African-American woman has been subjected to stereotypes: the mammy, the angry black female and the hyper-sexual woman. These stereotypes continue to this day and permeate thru pop culture. On this edition, author and political science professor Melissa Harris-Perry speaks about the stereotypes black women face, its impacts on their identity and how it has limited the ways in which society views them as true ‘citizens.’”
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Dean Baker | The ECB’s High Wire Act

Dean Baker, Op-Ed: At this point the sovereign debt crisis in Europe is almost getting boring. We’ve seen the same script played out over and over with country after country. The basic story is the markets begin a run on the debt of a country: Greece, Ireland, Italy, Spain etc. The troika, the European Central Bank (ECB), the European Union (EU), and the International Monetary Fund (IMF) then demand a series of austerity measures.
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Bank of America to Pay Record Settlement Over Countrywide Abuses

John Dunbar, News Report: Bank of America will pay $335 million to settle allegations of discrimination at Countrywide Financial Corp., the troubled lender it bought in 2008. Countrywide was the nation’s largest subprime lender and came to symbolize the real estate collapse that led to the nation’s economic meltdown. The Justice Department said Wednesday that the agreement is the largest fair lending settlement in the department’s history.
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Day 95: Live Coverage of the Occupy Movement

Special Coverage: As we enter Day 95 of the Occupy movements the protests have spread not only across the country but all over the globe. Thousands of activists have descended on Wall Street these past weeks as part of the #OccupyWallStreet protest organized by several action groups. What follows is a live video stream and live Twitter feed of this event.
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Vaclav Havel: A Life in Truth

Mary Elizabeth King, Op-Ed: During the 1970s and 1980s, a proud, cultured nation that had lost its freedoms gradually re-developed a civil society, a domain not controlled by government. In this political space, the artistic, drama, journalism, literary and university communities—and those who had been obliged into manual labor washing windows or stoking furnaces, banned as authors, or tossed in jail—interacted and worked to set themselves free from the corrosion of economic, moral and political decomposition. Its guiding light was Havel.
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Reputed Mexican Drug Cartel Czar Charged in Killing of U.S. Agent

Richard A. Serrano, News Report: “A reputed Mexican drug cartel leader was charged in federal court in Washington in the ambush slaying this year of a U.S. immigration officer in Mexico - a killing that set off a massive search on both sides of the Southwest border for several assailants after it was learned that one of the weapons was illegally purchased at a gun store in the Dallas area. Julian Zapata Espinoza, an alleged chief with the Zetas cartel, pleaded not guilty in a brief court appearance Wednesday in the murder of Immigration and Customs Enforcement Special Agent Jaime Zapata on Feb. 15.”
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Ethnic Media Take Sober Look at U.S. Intervention in Iraq

News Analysis: “When the last American troops pulled out of Iraq last week, Univision anchor and commentator Jorge Ramos tweeted in Spanish, ‘The last soldier is leaving Iraq, an unnecessary war, invented by Bush, that cost more than 100,000 lives and $1 trillion.’ In another tweet, Ramos wrote in Spanish, ‘The war in Iraq is ending but you have to remember that no weapons of mass destruction were found there and that Saddam had nothing to do with 9/11.’”
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The New International Economic Disorder

Mohamed A. El-Erian, Op-Ed: Rather than exhibiting enlightened leadership, Western policymakers have consistently lagged realities on the ground, with a bewildering mixture of denial, misdiagnosis, and bickering undermining their responses. Rather than proceeding in an orderly manner, today’s global changes are being driven by the disorderly forces of de-leveraging emanating from a Europe in deep financial crisis and an America seemingly unable to restore sustained high rates of GDP growth and job creation.
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FROM AROUND THE WEB

Syrian Unrest

Violence Precedes Monitors’ Arrival

Activists report more deaths, hours before scheduled arrival of an Arab League delegation in Damascus.


Politics

Understanding Congress’ Fight

President Barack Obama, the House and the Senate all want to extend a Social Security payroll tax cut and jobless benefits through next year.


Remembering 2011

Hats Off to Christmas News 2011

A list of the best and worst news stories for 2011 Christmas season.


U.S. Military

U.S. Accepts Significant Responsibility for November Air Strike

The Pentagon speaks of “inadequate coordination by U.S. and Pakistani military officers” and expresses “deepest regret.”

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