The Obama Bank Shakedown | National Review Online
"The $16.65 billion settlement by Bank of America over financial-crisis-era mortgage securities ‘highlights a pattern of the government extorting the banks,’ Dick Kovacevich said on CNBC this week. …
…These huge bank settlements are election-year ATMs for the Obama administration. "
We shoulda just let them crash.
1 comment:
I haven't had time to disseminate the information but a good bit of the settlement may end up being tax deductible:
http://www.forbes.com/sites/robertwood/2014/08/21/bofa-grabs-12-billion-tax-write-off-from-17-billion-mortgage-settlement/
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