Deputy Inspector Edward Winski of the 1st Precinct makes a cameo in the video as the OWS protestors occupy Bank of America and are arrested in a peaceful protest MLK day.
You can watch the YouTube better on AM NY but here it is...
Please give me the names of the top Bank of America crooks arrested that help destroy our economy?
You can’t because they were not arrested!
2. Estimated $20 Billion to Settle Foreclosure Fraud
In June, Associate U.S. Attorney General Tom Perrelli said that America's biggest mortgage companies expect to pay up to $20 billion to settle claims of widespread foreclosure abuse. The five firms in the government's crosshairs are Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, all accused of violating the False Claims Act, defrauding taxpayers in their management of foreclosures on homes bought with Treasury-backed loans. Federal audits revealed that the banks lied to the Federal Housing Adminstration, filing for federal reimbursement on foreclosed homes with false claims.
"Flawed mortgage banking processes have potentially infected millions of foreclosures, and the damages to be assessed against these operations could be significant and take years to materialize," said FDIC Chairman Sheila Bair in testimony given to the Senate Banking Committee in May.
In June, Associate U.S. Attorney General Tom Perrelli said that America's biggest mortgage companies expect to pay up to $20 billion to settle claims of widespread foreclosure abuse. The five firms in the government's crosshairs are Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, all accused of violating the False Claims Act, defrauding taxpayers in their management of foreclosures on homes bought with Treasury-backed loans. Federal audits revealed that the banks lied to the Federal Housing Adminstration, filing for federal reimbursement on foreclosed homes with false claims.
"Flawed mortgage banking processes have potentially infected millions of foreclosures, and the damages to be assessed against these operations could be significant and take years to materialize," said FDIC Chairman Sheila Bair in testimony given to the Senate Banking Committee in May.
