Mic catches Bank of America big telling Perry, ‘We will help you out’
In what looked like a covert lobbying effort, a top Bank of America official brushed past Gov. Rick Perry (R) during a New Hampshire business breakfast on Wednesday, shook his hand and uttered the words, “Bank of America, we will help you out,” before walking away as if nothing had been said.
The brief exchange was caught by a CSPAN camera, but went unnoticed until the blog ZeroHedge pointed it out. ZeroHedge also correctly placed the man’s identity as James Mahoney, Bank of America’s director of public policy.
Confirming the man’s identity to Politico’s Ben Smith, a company spokesman said the offer of help was for “non-partisan policy expertise,” noting that Mahoney is a Democrat.
It still doesn’t make the footage any less creepy.
Perry's Sex Life, Out of Bounds
omnipotentpoobah.com/2011/08/19/perrys-sex-life-out-of-bounds/
sent by omnipotentpoobah since 10 hours 2 minutes
http://www.dailyfinance.com/2011/08/19/bank-of-america-to-reportedly-cut-about-10-000-jobs
Bank of America Corp.(BAC), the nation's largest bank, plans to cut 3,500 jobs by the end of September.The cuts amount to a little more than 1 percent of the bank's workforce of roughly 288,000. But they follow a string of other layoffs, including 2,500 already announced this year.A bank spokesman declined to say if the cuts would be concentrated in a particular part of the country, but said they would be spread across most of the business units."The company regularly assesses the efficiency of its businesses and at times is going to make adjustments to meet the opportunities that are in the marketplace," said spokesman Scott Silvestri. The bank has previously cut jobs in the mortgage lending and investment banking, for example, after demand for those services slowed.
worth a watch: BAC vs SandP 500
http://www.dailyfinance.com/quote/nyse/bank-of-america-corp/bac
BofA Demolishes Houses to Cut Foreclosures
www.bloomberg.com/video/73253562/sent by kevin3g since 8 hours 4 minutes, published about 3 hours 5 minutes
Bank of America Corp., faced with a glut of foreclosed and abandoned houses it can’t sell, has a new tool to get rid of the most decrepit ones: a bulldozer. The biggest U.S. mortgage servicer will donate 100 foreclosed houses in the Cleveland area and in some cases contribute to their demolition in partnership with a local agency that manages blighted property.
tags: foreclosure, housing, recession
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