Via the Huffington Post,
NEW YORK -- Bank of America, the largest U.S. bank by assets, "significantly hindered" a federal investigation into the firm's faulty foreclosure practices on potentially billions of dollars worth of taxpayer-backed loans, a federal auditor told an Arizona court.
The bank withheld key documents and data, prevented investigators from interviewing bank employees or asking certain questions, and was slow to provide information, according to a June 1 declaration by William W. Nixon, a fraud examiner and assistant regional inspector general for audit for the U.S. Department of Housing and Urban Development inspector general's office.
The Bank of America has been playing a significant role in mortgage foreclosure fraud and obstructing investigations into their role in the whole mess.
They've become too big, and serve as a double-edged example of what happens when deregulation permits "too big to fail" behemoths to drive roughshod over our economic foundations.
Take your business elsewhere, if you can, when you can. Avoid servicing any members of the Thieves Guild, and call for re-regulating Wall Street and the banks.
Let's get our financial house in order by bringing order - and justice, accountability and due diligence - back to the forefront.
Hat-tip to lordrag of Delphi Forums for the heads-up.