Free Republic

SEATTLE (AP) — For marijuana dispensaries around the country, the days of doing business in cash — driving around with bill-stuffed envelopes to pay the rent, or showing up at a state revenue office with $20,000 in paper bags for the tax man — can't end soon enough.

On Monday, Bank of America announced it plans to provide $50 billion in loans and financing over the next ten years for "environmentally friendly energy projects."

The Federal Reserve and Bank of America Initiate a Coup to Dump Billions of Dollars of Losses on the American Taxpayer Bloomberg reports that Bank of America is dumping derivatives onto a subsidiary which is insured by the government – i.e. taxpayers. Yves Smith notes: If you have any doubt that Bank of America is going down, this development should settle it …. Both [professor of economics and law, and former head S&L prosecutor] Bill Black (who I interviewed just now) and I see this as a desperate move by Bank of America’s management, a de facto admission that they...

William Black ratchets his campaign for putting an allegely insolvent Bank of America into conservatorship by several notches, following up on Jonathan Weil's argument presented a few days ago that there is massive "book cooking" by Moynahan's henchmen, and that it is about time that BofA truly opens it books for all to evaluate just how undercapitalized the mega bank truly is. Let's Set the Record Straight on Bank of America: Open the Books!, by William Black and L. Randall Wray, as published in the Huffington Post (part 1 and 2) While we welcome Bank of America's response to our...

Is anybody else out there having this same problem? Every year Bank of America, which holds our mortgage, sends us a demand to see our updated homeowners insurance form. And every year we contact a company that Faxes that form to them. And YET... Every year B of A keeps claiming they haven't received the form. An endless round of letters is sent to us demanding the forms and we go right back to the company that sends them out and ask for another FAX to be sent to B of A with the copy. It goes on and on...

BANGALORE, Feb 18 (Reuters) - Bank of America Corp (BAC) said on Wednesday it would set up a wholly owned Indian subsidiary for its back-office operations and aimed to employ 1,000 people in the unit by the middle of 2005. The bank, which has already outsourced a number of jobs to emerging markets, said it expected to set up Continuum Solutions Pvt Ltd in the southern city of Hyderabad in the second quarter of 2004. The news could fuel the debate over outsourcing in the U.S. presidential campaign, where Democratic frontrunner John Kerry has hit out at companies that move...