In yet another disturbing example of how the banks are above the law and law enforcement, there are allegations that Bank of America is blackmailing its victims, then fighting disclosure of their wrongdoing from law enforcement….that’s right they’re actually going into court and telling the court that they cannot be forced to disclose what victims they bribed …… WOW is all I’ve got to say. But this is Amerika after all and why should we expect anything less out of BofA?
From Bloomberg:
Jan. 26 (Bloomberg) — Bank of America Corp. is impeding an investigation of its loan modification practices by negotiating settlements with borrowers who must agree to keep them secret and not criticize the bank in exchange for cash payments and loan relief, Arizona officials say.
The Arizona Attorney General’s office is asking a court to block those aspects of the settlements and require the bank to turn over all the agreements. The bank denies any wrongdoing.
