BofA must return $500 million seized Lehman deposits

http://www.reuters.com/article/idUSTRE6AG4Q720101117 ^ | November 17, 2010 | Santosh Nadgir and Jonathan Stempel

[longtermmemmory]

looked for this but could not find it.

Bank of America up to its usual tricks. Disregarding law and doing whatever they want.

Bank of America disregarded the automatic stay of a bankruptcy court and did a snatch and grab.

[apoxonu]

Anyone going to jail?

(It was a rhetorical question)

Why don’t a few of us get together and rob a bank. If they catch us, we’ll just give them the money back and they’ll let us go.

[rocksblues]

"The actions taken were surprising and, quite frankly, disappointing for a leading financial institution that should care a great deal about its reputation," he wrote.

Now that's funny. A bank that allows illegals to open accounts really cares about its reputation.

[driftdiver]

BOA is a completely corrupt organization.

[Pollster1]

Bank of America up to its usual tricks. Disregarding law and doing whatever they want. Bank of America disregarded the automatic stay of a bankruptcy court and did a snatch and grab.

B of A deserves to lose every customer they have. I no longer even accept checks drawn on B of A or any other TARP bank. If someone wants to do business with me, he has to come up with another method of payment.

[SeeSac]

I no longer even accept checks drawn on B of A or any other TARP bank.

BofA didn't not want ML or to be a part of TARP. They were threatened by the government with ruin if they didn't play along.

[longtermmemmory]

Bankruptcy judges don’t have jail power. They turn over the faud to the DOJ for FBI investigating.

BoA BOUGHT the Obama Administration that is why they can ignore laws. They have zero fear of prosecution.

[Red in Blue PA]

“completely corrupt” would be a step up!

[longtermmemmory]

so we are told...

[blackdog]

Wamu / Chase, as well. Never saw so much collusion and theft without a gun in my life! The Feds and Bofa and Chase belong in shackles n chains.

[Kartographer]

Law? LAW? We are BOA we don't obey no stink'n laws!

[driftdiver]

All banks who got TARP funds were essentially forced to take them.

However, the big banks and financial companies caused the problem in the first place.

[NonValueAdded]

and the unambiguous language of the bankruptcy code

Sorry, BoA, that was pre-Obama. Just ask the GM bondholders/

[kittymyrib]

BoA is also snatching homes that are in the government’s loan modification process. They are the lowest of the banking bottom feeders, and that is extremely low indeed.

[edcoil]

Wells Fargo does the same thing out here.

If you go to court to get court BK protection, they instantly seize your accounts and money and give control over to a “trustee” that will only talk to lawyers and is paid a commission by creditors on what they give to them.

Every lawyer here says WF the worst - don’t care about the law, they own the politicians.

[kingu]

I'm pretty sure nothing will ever dwarf the theft of WAMU. 500 million? Chump change, compared to the billions the fed stole and gave to Chase.

[Cicero]

Good news. Finally a bankruptcy judge who stands up for the rule of law against the thugs who are running our economy.

Too bad the bankruptcy judge in the General Motors case didn’t do the same thing. That whole business was a total violation of the rule of law.

[SeeSac]

However, the big banks and financial companies caused the problem in the first place.

I thought it was Barney Franks' fault?

[longtermmemmory]

BofA lawyers actually tell judges, TO THEIR FACE, “your honor you don’t understand how these things really work.”

your sarcastic picture is actual truth.

[freekitty]

Wasn’t the Bank of America when it originally started the Bank of Italy?