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Jun 30, 2011
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of money. especially for a bank that lost $2 billion last year. but analysts whose firm does business with bank of america thinks the bank was smart to settle. >> given the situation in which they found themselves post the acquisition of countrywide, i think this was a good deal to put these risks behind them. >> reporter: bank of mesh will pay just pennies on the dollar to investors who bought the soured mortgage securities. but the bank isn't out of the woods yet. as analyst this analyst explains. >> there are a lot of overhangs, you know, this was the result of about half of their private label putback exposure, everything that was related to countrywide, everything that was related to bank of america is still out there. there are still lawsuits from the bond insurers,. >> reporter: bank of america's settlement is likely to pressure other big banks to resolve similar complaints. here at j. p. morgan, wells farg oh, citigroup and others ralied today. >> bank of america will probably end up spending more than some of the other banks in terms of percentage of past original nation. but it definitely sets a
of money. especially for a bank that lost $2 billion last year. but analysts whose firm does business with bank of america thinks the bank was smart to settle. >> given the situation in which they found themselves post the acquisition of countrywide, i think this was a good deal to put these risks behind them. >> reporter: bank of mesh will pay just pennies on the dollar to investors who bought the soured mortgage securities. but the bank isn't out of the woods yet. as analyst this...
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Jun 21, 2011
06/11
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of toys for the new "cars 2" movie due out this weekend. expected to be a blockbuster. banking stocks were the weakest. these two were the biggest drags on the dow industrial average. bank of america and j.p. morgan each lost almost 1%. we did get confirmation of p.n.c. financial's buyout of the u.s. retail banking business from royal bank of canada. it's a $3.5 billion price tag. p.n.c. shares fell 2%. this is their lowest price of the year. in a much different industry, but also at a new low for the year? apple. yeah, look at this. shares sank 1.5% today. clearly trending lower. volume almost doubled. apple hasn't traded at $315 per share since last november. another tech leader continues sinking too, but much worse. research in motion volume tripled as the selling continues after last week's warning. look at this. this is another almost-five-year low. as we approach another earnings season, one warning and one upside surprise. energy driller nabors is at a five-month low, falling 2%. its guidance came in below estimates. meantime, fertilizer maker agrium pushed up its outlook thanks to stronger crop prices. agrium shares gained 4%. ag and construction equipment maker caterpilla
of toys for the new "cars 2" movie due out this weekend. expected to be a blockbuster. banking stocks were the weakest. these two were the biggest drags on the dow industrial average. bank of america and j.p. morgan each lost almost 1%. we did get confirmation of p.n.c. financial's buyout of the u.s. retail banking business from royal bank of canada. it's a $3.5 billion price tag. p.n.c. shares fell 2%. this is their lowest price of the year. in a much different industry, but also at...
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Jun 16, 2011
06/11
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biggest lenders for mortgages in plainfield, bank of america and wells fargo. bank of america had no comments. wells fargo say they continue to work with borrowers to find alternatives. we asked both to come on camera and talk about the situation, neither of those banks agreed to come on camera. >> poppy, what about mortgage modifications. what are the banks saying? >> you know, they're not talking to us. they gave those statements. i think what's interesting, brooke, if you look at the ripple effect t. the mayor says they've seen hundreds of thousands of lost revenue for the city. when people leave the city, they get foreclosed on, leave the homes, they leave the school district. that means less funding from the state to the city for those schools. the schools have laid off staff. >> it's a domino effect. >> domino effect. the city has laid off half their workers since february alone. so this is one city, but these emblematic of the crisis that continues in the so-called recovery that these folks aren't
biggest lenders for mortgages in plainfield, bank of america and wells fargo. bank of america had no comments. wells fargo say they continue to work with borrowers to find alternatives. we asked both to come on camera and talk about the situation, neither of those banks agreed to come on camera. >> poppy, what about mortgage modifications. what are the banks saying? >> you know, they're not talking to us. they gave those statements. i think what's interesting, brooke, if you look at...
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Jun 16, 2011
06/11
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bank of america has a lot of mortgages. they're trying to integrate merril lynch and you want to be patient but morgan stanley you can jump in feet first. >> tom: we've got viewer questions. stand by the first one from doug and says intel with the recent goldman sachs downgrade do you think it's a buy it's paying more money to shareholders and back in may goldman sachs called it a sell. do you agree? >> i disagree intel is a sell. intel is an excellent well-managed company. you have the dividend yield and the concern is more short-term. it has to do with inventtory starting to increase, competition from the rm processors as they're called and people don't want the net books they're going i pads and intel is still an 800-pound gorilla and cisco with other big tech companies are real bargains now. >> tom: speaking of dividends one of your choices was telefonica. a recent choice. he writes the current dividend is 9% and the payout ratio is 159% how can it keep paying the dividend. the pay out ratio one way to cal late is look
bank of america has a lot of mortgages. they're trying to integrate merril lynch and you want to be patient but morgan stanley you can jump in feet first. >> tom: we've got viewer questions. stand by the first one from doug and says intel with the recent goldman sachs downgrade do you think it's a buy it's paying more money to shareholders and back in may goldman sachs called it a sell. do you agree? >> i disagree intel is a sell. intel is an excellent well-managed company. you have...
SFGTV: San Francisco Government Television
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Jun 15, 2011
06/11
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SFGTV
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in the blue, the area occupied by bank of america. given the layout of the floor, the uses -- bank of america has a strong foothold in the bank building may already own. this size is really not an item that could be adjusted. there had been discussion on whether the footprint could be smaller. unfortunately, it does not work with the configuration of the floor and existing infrastructure. the lease is an initial term of 10 years with options to extend two years at fixed rates. by% increases upon renewal. base rent would be approximately $30 per square foot per year, increasing 3% per year. we feel that is competitive for the civic center, given that to beat of the building, which meet sfmta's specific needs. additional charges for power and operating expenses were added in. the rate is over $36 per square foot per year. we still feel that is a competitive rate for what is being received. the rent commencement date is approximately june 1, 2012 with two months' free rental provided by the landlord. in terms of improvements included in t
in the blue, the area occupied by bank of america. given the layout of the floor, the uses -- bank of america has a strong foothold in the bank building may already own. this size is really not an item that could be adjusted. there had been discussion on whether the footprint could be smaller. unfortunately, it does not work with the configuration of the floor and existing infrastructure. the lease is an initial term of 10 years with options to extend two years at fixed rates. by% increases...
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Jun 4, 2011
06/11
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KDTV
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. >>> los propietarios de casa, piden a bank of américa, que baje sus tasas de interés, los m anifestantes>> estamos aquí y no nos vamos a mover, hasta que no bajen los intereses. >>> noticias univisión 14, trató de tener la opinión de bank of américa, sobre estas quejas. >>> el precio de las viviendas en estados unidos, está en el prc más bajo dcsd el 2010, lucía navarro habló con un agente de bienes raíces. >>> imágenes como esaa, son muy comunes en estados unidos, miles de casas devueltas a los bancos, porque las condiciones de sus préstamos causaron que devolvieran sus casas . ,>>> cómo está la situación de bienes raices ahora?. >>> es una pregunta un poco subjetiva, porque varía de mercado a mercado, en estados unidos las ventas han subido, tenemos 5,1 millones, de casas vendidas, pero los precios han bajado un poco . >>> la causa, es el más inventario, en posesión de los bancos, para ellos la necesidad de vender, genera competencia. >>> pero con todo y esta alza en las ventas, de abril del 2010 a mayo de este año, la ventga de casas ha bajado en un 4,8% los precios también han caido
. >>> los propietarios de casa, piden a bank of américa, que baje sus tasas de interés, los m anifestantes>> estamos aquí y no nos vamos a mover, hasta que no bajen los intereses. >>> noticias univisión 14, trató de tener la opinión de bank of américa, sobre estas quejas. >>> el precio de las viviendas en estados unidos, está en el prc más bajo dcsd el 2010, lucía navarro habló con un agente de bienes raíces. >>> imágenes como esaa, son muy...
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Jun 30, 2011
06/11
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KDTV
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. >>> en instantes bank of america anuncia cambios ment y el drama dentro y fuera de a corte en el casoanalgésico que actúa más rápido que tylenol rapid release gels y no sólo más rápido, también es más fuerte. no hay mejor alivio que éste. advil. . bank of america dijo que pagará a sus viinversionistas que perdieron dinero con bonos pero esto en significa que será así para algunos de ustedes veamos qué significa la medida y quienes se benefician de esto. >>> es al acuerda masás caro dea crisis financiera bank of america pagará a los inversionistas que lo demandaron, en un comunicado el presidente de banco dijo es un paso importante en beneficio de nuestro accionistas para minimizar y dejar atrás los problemas con este acuerdo paga los peca dos su subsidiaria. country way fue una compañía que escribió una enciclopedia de mentira, con tantos préstamos sucios. banco de américa gana porque podría haber sido mayor los inversionistas ganan, pero josé que pierde su casa no recibe nada todavía spe que el banco la ayude. >>> muchas veces, habla un representante con uno y luego no se ponen de ac
. >>> en instantes bank of america anuncia cambios ment y el drama dentro y fuera de a corte en el casoanalgésico que actúa más rápido que tylenol rapid release gels y no sólo más rápido, también es más fuerte. no hay mejor alivio que éste. advil. . bank of america dijo que pagará a sus viinversionistas que perdieron dinero con bonos pero esto en significa que será así para algunos de ustedes veamos qué significa la medida y quienes se benefician de esto. >>> es...
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and until they do that we need to state of illinois will suspend doing any business with the bank of america and we hope it is kind of leveraging pressure will encourage the bank of america to do the right think that this business take some of that federal tax money if they proceed and invest it by providing the necessary credit to this company so these workers can keep their jobs secondly we are preparing a temporary restraining order now i'm not drawing any conclusions here and i'm certainly not absolving governor of illinois of acts of and the thing but the timing sure does lend some fun one to some some fun conspiracy theories but i think it's rather nice to know it's rather nice how the banks toure's got to load up on everyone's money and then we never saw any of it reinvested into the economy or no more than scraps and i'm not saying that blago is anything more than a power broker who thought his power would be best served by taking the side of the people on the issue of the bank of america money but even on the wrong horse in this race and while the media parades will go if his convic
and until they do that we need to state of illinois will suspend doing any business with the bank of america and we hope it is kind of leveraging pressure will encourage the bank of america to do the right think that this business take some of that federal tax money if they proceed and invest it by providing the necessary credit to this company so these workers can keep their jobs secondly we are preparing a temporary restraining order now i'm not drawing any conclusions here and i'm certainly...
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Jun 10, 2011
06/11
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have been suspended for wells fargo, bank of america and jp morgan chase after the banks failed to meet basic program requirements. >>> in a rare reversal, apple has scaled back its demands that publishers sell subscriptions through its apple itunes store. >>> finally, one customer got a big surprise when he found a bag of $17,000 next to an atm. turns out an armored truck service left the cash and an honest man returned every cent. >>> kent clobbers another, the phillies flop unflubed and the sox sink the yankees. plus, the mavs go from downtown to beat the heat and grab the lead in the nba finals. your early morning sports headlines are straight ahead. >>> speaking of the heat, it continues into the upcoming weekend along with some severe thunderstorms. your forecast is coming up. you're watching "early today."
have been suspended for wells fargo, bank of america and jp morgan chase after the banks failed to meet basic program requirements. >>> in a rare reversal, apple has scaled back its demands that publishers sell subscriptions through its apple itunes store. >>> finally, one customer got a big surprise when he found a bag of $17,000 next to an atm. turns out an armored truck service left the cash and an honest man returned every cent. >>> kent clobbers another, the...
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time for tonight's tool time award and it goes to bank of america say the big bank which is based in charlotte north carolina has struck again homeowner in western massachusetts got a shocking letter from b.s.a. saying that his home was about to be placed into foreclosure and he could avoid foreclosure if he would just pay the amount owed and it says because you always hear oh dollars and zero cents it was going to write them a check for one penny and have it clear earlier i couldn't help but laugh only that's right the homeowner who only went by the name our give a t.v. interview got a foreclosure notice saying that he owed it zero dollars and his credit score had actually dropped due to his late payment of zero dollars so he dealt with the problem for three weeks and bank of america never solved the issue after the t.v. station got involved that error was corrected and the man was given one hundred fifty bucks for his troubles a gift card and a promise to fix his credit rating is not sweet they greet a fix a problem that they created and only after the t.v. station actually got inv
time for tonight's tool time award and it goes to bank of america say the big bank which is based in charlotte north carolina has struck again homeowner in western massachusetts got a shocking letter from b.s.a. saying that his home was about to be placed into foreclosure and he could avoid foreclosure if he would just pay the amount owed and it says because you always hear oh dollars and zero cents it was going to write them a check for one penny and have it clear earlier i couldn't help but...
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Jun 29, 2011
06/11
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the "new york times" has the 8. 5 bank of america mortgage story. t" is leading with the attack in kabul. and the wall street journal also the bank of america lawsuit story. we'll have all of those for you on cnn.com. >>> it's really early in the morning. but have you noticed anything unusual with this news week cover of princess diana and her daughter-in-law kate middleton? there are a lot of things unusual about this. i'll tell you why it's creating criticism. >>> on this day in history, the apple i phone went on sale. i remember it very well. what did did we do before that super duper phone that allows us to talk, text and everything else in between? see you on the other side. ♪ ♪ introducing purina one beyond a new food for your cat or dog. i could not make working and going to school work. it was not until the university of phoenix that i was able to work full-time, be a mom, and go to school. the opportunities that i had at the university of phoenix, dealing with professionals teaching things that they were doing everyday, got me to where i am
the "new york times" has the 8. 5 bank of america mortgage story. t" is leading with the attack in kabul. and the wall street journal also the bank of america lawsuit story. we'll have all of those for you on cnn.com. >>> it's really early in the morning. but have you noticed anything unusual with this news week cover of princess diana and her daughter-in-law kate middleton? there are a lot of things unusual about this. i'll tell you why it's creating criticism....
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Jun 12, 2011
06/11
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look at countrywide, look at bank of america. it is in trouble now because of its lending practices. >> you also have to remember that the mortgage bank security, the residential mortgage was the lowest risk asset permit capital% to, okay. that is a big piece of why the banks went headfirst into this, why they leveraged ecmo why you took mortgage-backed securities and when he didn't have natural buyers for them, he took the mess tranches and bundled them into my leveraged instruments, collateral is debt obligations multiply that further and further. and if you look further in the e-mail files, one of the things you find is that there were other institutions that would have gone down because they retained risk, which is one of my biggest problems is you got this risk retention which essentially says we should have institutions retained risk on the notion that certainly if they drink the poison they will be to others. the reality is institutions often didn't realize that they were serving up was poisoned. and so what you saw was in
look at countrywide, look at bank of america. it is in trouble now because of its lending practices. >> you also have to remember that the mortgage bank security, the residential mortgage was the lowest risk asset permit capital% to, okay. that is a big piece of why the banks went headfirst into this, why they leveraged ecmo why you took mortgage-backed securities and when he didn't have natural buyers for them, he took the mess tranches and bundled them into my leveraged instruments,...
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Jun 8, 2011
06/11
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KPIX
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at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. only one mouthwash in our home -- act. [ male announcer ] act mouthwash for kids has maximum fluoride for up to 40% fewer cavities and stronger teeth. act. stronger teeth and better checkups in every bottle. eastern arizona.
at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. only one mouthwash in our home -- act. [ male announcer ] act...
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Jun 28, 2011
06/11
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KGO
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filing complaints with american airlines and bank of america and called me at 7 on your side. >> if 7 on your side can get the word out, the banks would see igts a big problem. >> we asked bank of america where the -- why the accounts remain open. the bank told us we dmot typically close accounts based on an accusation by a third party and cooperate with law enforcement. american airlines tells us we learned of the scam last year, other passengers called thinking they had tickets, too. however, american said it should down his account in december and bank of america shut down his account after cyrus complaint. >> that is crazy. >> i didn't stop everybody in the world but i did stop him. >> police are investigating this case as a financial crime. and they want you to be warned. so if you see a low-cost deal make sure and remember, making a reservation does not mean have you a ticket. >> thank you. >> and when we come back tonight there is a case of the dodger blue autos why the franchise was forced to file for bankruptcy today. >>> los angeles dodgers filed for bankruptcy protection. t
filing complaints with american airlines and bank of america and called me at 7 on your side. >> if 7 on your side can get the word out, the banks would see igts a big problem. >> we asked bank of america where the -- why the accounts remain open. the bank told us we dmot typically close accounts based on an accusation by a third party and cooperate with law enforcement. american airlines tells us we learned of the scam last year, other passengers called thinking they had tickets,...
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Jun 12, 2011
06/11
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CSPAN2
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bank of america, the likelihood is him your contractors mortgage is not held by bank of america. it's held by a mortgage back holding those investors have to be considered. the problem is bank of america is a service or who also owns really the largest portfolio of second liens and home equity lines, and so there's risk to them on it depending on what they do on the first mortgage. you're right that this is a problematic situation. and the government into the -- isn't interested in the with it. before you can have bank of america treat a borrowers well, they need to be unconflicted in the relationship between the second liens build on their balance sheet and the first liens they service for people like your contractor. >> thanks very much for writing the book. i have a couple of questions. right now it looks like fannie and freddie might be profitable by the end of 2012, maybe going into 2013, setting aside the 10% dividend that they might of the treasury. at that point i'm sure there will be pressure to bring them out of conservatorship, but they have patented most of the mortgag
bank of america, the likelihood is him your contractors mortgage is not held by bank of america. it's held by a mortgage back holding those investors have to be considered. the problem is bank of america is a service or who also owns really the largest portfolio of second liens and home equity lines, and so there's risk to them on it depending on what they do on the first mortgage. you're right that this is a problematic situation. and the government into the -- isn't interested in the with it....
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Jun 30, 2011
06/11
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CNNW
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that came after bank of america agreed to an $8.5 billion settlement with investors. on the face of it, a huge settlement like that doesn't seem like good news, does it? but the bank of america, it means that it has escaped criminal charges and investors are hopeful that they will finally draw a line internet bank's involvement in the entire u.s. mortgage mess. >>> the approval of austerity measures in greece added a note of optimism on the other side of the bomb. this is the picture at the close of trade. pretty solid gains with the s&p 500 up by 0.8%. looking ahead to thursday's session right now, this is how u.s. markets look set to open. if we look at the future trading, it seems as though we could see the s&p 500 once again outperforming the other two markets. the gains for the most part with the exception of the s&p modest at the moment. >>> traders on all the markets around the world are currently watching greece again this thursday as the parliament takes a final vote on the sweeping austerity measures. that is expected to happen in two hours from now. in the r
that came after bank of america agreed to an $8.5 billion settlement with investors. on the face of it, a huge settlement like that doesn't seem like good news, does it? but the bank of america, it means that it has escaped criminal charges and investors are hopeful that they will finally draw a line internet bank's involvement in the entire u.s. mortgage mess. >>> the approval of austerity measures in greece added a note of optimism on the other side of the bomb. this is the picture...
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could care less and that's why bank of america is tonight's told time winner for being so foreclosure happy that they foreclose on people when they don't even know the bankruptcy. ok it's time for a happy hour on this wednesday and joining me tonight is r t correspondent lauren lister and j.p. freier senior communications strategist at new media strategies are you guys this next to what is it's kind of a float around it's everywhere today but it's just so good you can't not play i think we're all used to you know campaign ads offensive ads this one isn't an official an ad but it's it's that it's out there just to take a look. yes. so . that is just so wrong to do something about this woman is now like council member she's running against a tea party or in a special election for congress and there are just some conservative filmmaker out there that is based on lies actually that she was trying to whatever just be too nice to the gangs and telling the police not to be so harsh on them they put out there so messed up saying when you have a campaign ad that you have to actually believe to
could care less and that's why bank of america is tonight's told time winner for being so foreclosure happy that they foreclose on people when they don't even know the bankruptcy. ok it's time for a happy hour on this wednesday and joining me tonight is r t correspondent lauren lister and j.p. freier senior communications strategist at new media strategies are you guys this next to what is it's kind of a float around it's everywhere today but it's just so good you can't not play i think we're...
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Jun 30, 2011
06/11
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. >>> bank of america agreed today to pay billions of dollars. than 20 major investigators were demanding that they may purchase loans that went sour. bank of america shares jumped 4% on this new. >>> that settlement along with easing concerns about the debt crisis increase east stocks higher -- eased stocks higher. >> justin timberlake is taking a stake in myspace pretty justin timberlake will help revitalize the site. there is no word yet on how much of a stake he will own. >>> two days of testimony was not enough to change their minds about a popular cancer drug. they made the same decision last year. many survivors say that the drug saved their lives. avastin will be available to treat other forms of cancer. >>> been meaning central subway project is moving ahead. they approved the $203 million tunnel contract that will extend the muni line. the federal government has chipped in more than $96 million. >>> tucked into the marin head bent is a military bunker with no name. few people know about it and pretty soon no one will know about it. they
. >>> bank of america agreed today to pay billions of dollars. than 20 major investigators were demanding that they may purchase loans that went sour. bank of america shares jumped 4% on this new. >>> that settlement along with easing concerns about the debt crisis increase east stocks higher -- eased stocks higher. >> justin timberlake is taking a stake in myspace pretty justin timberlake will help revitalize the site. there is no word yet on how much of a stake he...
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Jun 28, 2011
06/11
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KOFY
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he filed complaints with the american airlines and bank of america and he called me at 7 on your sidelt can actually get the word out to the banks. banks see it's a big problem. >>reporter: we asked bank of america why pack account remain open despite prior complaints about him. the bank told us we do not typically close accounts based solely on an cushion by a third party. we cooperate fully with law enforcement. american airlines tells us we first learned of his scam late last year when other passengers called thinking they had tickets, too. however american said it shut down pack frequent flier account in december. and bank of america shut down pack bank account after cyrus!cyru complaint. >> that was crazy paying. i didn't stop everybody in the world but i did stop him. >>reporter: san francisco police are investigate thanksgiving case as financial crime and they want you to be warned. so if you see a low cost deal on line, raise a red flag. make have you ever the item in hand before you pay for it. remember making an airline reservation doesn't mean you have a ticket. this is 7 o
he filed complaints with the american airlines and bank of america and he called me at 7 on your sidelt can actually get the word out to the banks. banks see it's a big problem. >>reporter: we asked bank of america why pack account remain open despite prior complaints about him. the bank told us we do not typically close accounts based solely on an cushion by a third party. we cooperate fully with law enforcement. american airlines tells us we first learned of his scam late last year when...
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Jun 27, 2011
06/11
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KPIX
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at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. you got a state-of-the-art man-cave, but the savings account of a cave-man! hey sports fans check this out. [ beep ] oops, my bad. earn more with interestplus savings at capitalone.com. that's new school banking, baby! ooh, 3-d! instead of earning bupkus, your savings could be earning three times the national average! three times more. go online to capitalone.com. what's in your wallet? what's this do? [ beeping ] cast in the nomination race for the 20-12 pres . >>> next february that is when the first votes are cast in a nomination race for the 2012 election a new poll shows show a top contender. the race for the familiar nation is heating u
at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. you got a state-of-the-art man-cave, but the savings account of a...
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Jun 12, 2011
06/11
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CSPAN2
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countrywide financial, one of the biggest subprime lenders before it was acquired in a fire sale by bank of america in 2008. according to a former broker who spoke to me from the los angeles area where he worked for countrywide, it targeted low income borrowers with high cost loans. instead of receiving the best loan possible as countrywide's advertisements promised, borrowers were led to high-cost loans that resulted in rich commissions for countrywide's smooth talking salesmen. these loans also contained outsized fees to the company's affiliates, providing loan services such as appraisals and insurance. and also carried punitive prepayment penalties or interest rates that were set alluringly low at first only to skyrocket in a few years' time. countrywide financial's founder, angelo mozilo, talked enthusiastically of wanting to help minorities and low income americans secure a mortgage. doing it part to democratize the home loan business, countrywide became the number one lender to both hispanics and african-americans. in a february 2003 speech here in washington, mozilo promised to devote $600 b
countrywide financial, one of the biggest subprime lenders before it was acquired in a fire sale by bank of america in 2008. according to a former broker who spoke to me from the los angeles area where he worked for countrywide, it targeted low income borrowers with high cost loans. instead of receiving the best loan possible as countrywide's advertisements promised, borrowers were led to high-cost loans that resulted in rich commissions for countrywide's smooth talking salesmen. these loans...
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Jun 3, 2011
06/11
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they know that you bank at bank of america, so they're going torement themselves as though they're a representative from bank are america. >> tom: but even legit, don't answer? >> never answer. everything to lose. >> tom: and make your personal data personal. we're in the age of social networking. fi. you're in line at the grocery store, you don't go ran up to somebody and tell them your name. why do that online >> and vacation and personal travel plans offline. >> and personal security, why let criminals know you're not going to be at home. >> financial costs for corporations and we appreciate the idea. denis kelly is our guest, and the author of the official identedity theft handbook. >> susie: late today, groupon filed to go public. the daily deal web site hopes to raise up to $750 million. now, it's the latest in a growing number of companies jumping on the i.p.o. bandwagon. that's not just good news for investment bankers; it's also a positive sign for the overall market. erika miller takes a closer look at why i.p.o.s have been looking sweeter to investors. >> reporter: it's not
they know that you bank at bank of america, so they're going torement themselves as though they're a representative from bank are america. >> tom: but even legit, don't answer? >> never answer. everything to lose. >> tom: and make your personal data personal. we're in the age of social networking. fi. you're in line at the grocery store, you don't go ran up to somebody and tell them your name. why do that online >> and vacation and personal travel plans offline. >>...
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Jun 6, 2011
06/11
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MSNBC
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i, in fact, sent brian moynihan, the ceo and president of bank of america a certified letter with a copyot that copy. they said they had no idea it existed. lie. they were well aware of it. they're passing the buck on to the law firm of david j. stern, which, that's just wrong to do. and mr. stern was well aware that that judgment existed as well. >> what a story. todd, last one really quickly to you, how common is this? is this a real rarity here? we hope. >> it is not very common to go levee the bank's assets. i heard of it happening one other time. it is certainly not very common. one thing i wanted to comment on about their apology, it is disingenuous because they appealed the judgment, the judgment, the money judgment to a higher judge. they knew about it. it was clear that -- >> $2500, $2500 here. todd warren, thank you so much for your time and sharing that story with us. i hope all things work out well for both of you as you go forward. >> thank you. >> you bet. >>> we have new information about congressman anthony weiner. and it involves new pictures. we'll have that. [ male ann
i, in fact, sent brian moynihan, the ceo and president of bank of america a certified letter with a copyot that copy. they said they had no idea it existed. lie. they were well aware of it. they're passing the buck on to the law firm of david j. stern, which, that's just wrong to do. and mr. stern was well aware that that judgment existed as well. >> what a story. todd, last one really quickly to you, how common is this? is this a real rarity here? we hope. >> it is not very common...
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Jun 13, 2011
06/11
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KPIX
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at bank of america, we've been fueling economic growth here for over a century.re investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen.
at bank of america, we've been fueling economic growth here for over a century.re investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen.
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at bank of america, we live and work here, with thousands of employees and hundreds of branches and a atms. every day, we're working to help set opportunity in motion... from supporting the arts and howard university to helping revitalize anacostia and downtown d.c. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. ♪ lindsay has the details of tiger woods' decision. >>> at least one congressman is questioning whether sarah palin got special treatment during her bus tour at national parks. earl blooming hour sent a letter asking, since the parks' budget is so tight whether palin should reimburse the park for any expenses they incurred as a result of the visits or if they treated the palins as they would any other american family. >>> angela merkel was the guest of honor at the white house state dinner tonight. president obama and first lady michelle obama hosted the chancellor, her husband and about 200 guests in the rose guaarden tonight. the president permitted the chancellor where the medal of freedom, the first wom
at bank of america, we live and work here, with thousands of employees and hundreds of branches and a atms. every day, we're working to help set opportunity in motion... from supporting the arts and howard university to helping revitalize anacostia and downtown d.c. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. ♪ lindsay has the details of tiger woods' decision. >>> at least one congressman is questioning whether...
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Jun 29, 2011
06/11
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KPIX
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i have the pinpoint forecast next. ,,,,,,,,,,,,,,,, including bank of america-- which settled with investors examine. >>> how about some good news today? stocks up across the board, 72 and some change, all thanks to several factors, including bank of america, which settled with investors over failed mortgage securities. and another reason, greek politicians finally passed a crucial vote to avoid bankruptcy in the country. but that hasn't stopped the violence in the streets. as charlie d'agata reports, protestors against the financial deal say their fight will go on. >>> reporter: riot police fought running battles against protestors on the streets of athens. demonstrators did everything they could to block politicians from entering the parliament building. but their anger did not get in the way of the vote in favor of a $40 billion package of spending cuts and tax hikes. [ foreign language ] >> reporter: greek politicians had to pass the legislation to qualify for another international bailout. without that $12 billion injection, greece was headed for bankruptcy next month. the greek prime m
i have the pinpoint forecast next. ,,,,,,,,,,,,,,,, including bank of america-- which settled with investors examine. >>> how about some good news today? stocks up across the board, 72 and some change, all thanks to several factors, including bank of america, which settled with investors over failed mortgage securities. and another reason, greek politicians finally passed a crucial vote to avoid bankruptcy in the country. but that hasn't stopped the violence in the streets. as charlie...
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Jun 30, 2011
06/11
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CNNW
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what we have going on here is bank of america admitting that it mislead a lot of investors when it marketedee is the documents that led bank of america to pay $8.5 billion up to 20 billion at the end of the day because they clearly are now admitting that what they were doing was fundamentally fraudulent and that the loans they were marketing were bad loins. but the people who were sold these loans who were the subject of these misrepresentations, the homeowners are still paying on mortgages that haven't been reformed, that haven't been written down. that's why our economy is in bad shape, why the housing market is in bad shaich. so investors are taking care of investors but the banks are not take being care of the homeowners. that's who we've got to think about if we get our economy going again. >> you say you want to see the documents. what is it you would be looking for in the document snz what could the documents reveal? >> i want to see what representations were made by countrywide. remember, bank of america bought countrywide. countrywide itself had issued the mortgages. that's where a
what we have going on here is bank of america admitting that it mislead a lot of investors when it marketedee is the documents that led bank of america to pay $8.5 billion up to 20 billion at the end of the day because they clearly are now admitting that what they were doing was fundamentally fraudulent and that the loans they were marketing were bad loins. but the people who were sold these loans who were the subject of these misrepresentations, the homeowners are still paying on mortgages...
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Jun 17, 2011
06/11
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at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. >>> you're watching cbs 5 eyewitness news in high definition. >> he made a list linking bodies to locations. what many women have in their drawers that a suspected killer turned into a murder weapon. >> he is still in jail for refusing to pull up his baggy pants on a flight and tonight the airline tells us what is appropriate at 30,000 feet. >> and bay area researchers extraordinary discovery. >> i was surprised. >> tonight, an alternative to expensive x-rays and ct scans without using any radiation. >> good evening, i'm dana king. >> a suspected serial killer kept a list of women in his home. >> and many of those women on that list turned up
at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. >>> you're watching cbs 5 eyewitness news in high definition....
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Jun 29, 2011
06/11
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KGO
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bank of america on the up and up. nation's biggest bank agreed to pay invessors more than $8 billion to settle claims it duped them in to buying mortgage-backed securities. the investors are the group of big dogs. black rock, pempco, federal reserve bank of new york. b-of-a with second quarter loss as a result. they like that the banks are starting to put this particular issue behind it. we are seeing the shares up right now. the greek lawmakers approve an austerity plan, combination of taxes and the government cutback. the market is responding positively, though gains are muted so far. the silicon valley index is trading lower. google is making an attempt to push facebook out of the top stop of social networking arena. they're launching google plus, with streaming update, photo, messages and content from selected group of friends. part of the effort is lure web surfers to the own service and expand the ad sales. facebook trying something new. they are the reigning king of social media. they are experimenting with a r
bank of america on the up and up. nation's biggest bank agreed to pay invessors more than $8 billion to settle claims it duped them in to buying mortgage-backed securities. the investors are the group of big dogs. black rock, pempco, federal reserve bank of new york. b-of-a with second quarter loss as a result. they like that the banks are starting to put this particular issue behind it. we are seeing the shares up right now. the greek lawmakers approve an austerity plan, combination of taxes...
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Jun 8, 2011
06/11
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at bank of america, we live and work here, with thousands of employees and hundreds of branches and atms. every day, we're working to help set opportunity in motion... from supporting the arts and howard university to helping revitalize anacostia and downtown d.c. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. ♪ >> coming up tonight on is tough ande controversial. you will hear about the softer of an coulter. that is on nightline. >> we have tiger woods news. think everybody is still about this. peckerwood's mchugh each announcement. the average continues to roll. announcement. ththe new droid x2 by motorola with a dual core processor ? i could do everything faster. it's a shame mckenzie's too young to buy me one for father's day. we'd play games on it together, listen to music, watch movies. she'd want me to have one. and what kind of father would i be to get in her way ? i'll just sign her name on the card. give dad a gift he'd give himself, like the new, more powerful than ever droid x2, or the droid pro for $99.99
at bank of america, we live and work here, with thousands of employees and hundreds of branches and atms. every day, we're working to help set opportunity in motion... from supporting the arts and howard university to helping revitalize anacostia and downtown d.c. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. ♪ >> coming up tonight on is tough ande controversial. you will hear about the softer of an coulter. that is...
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Jun 8, 2011
06/11
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CSPAN2
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banks. remember that, taxpayers of america? well, how did the big three debit card banks do in the bailout? chase, $25 billion in taxpayers' money because they had acted so recklessly and endangered their bank that they needed a helping hand. bank of america, $45 billion in taxpayer bailout funds. wells fargo, $25 billion in taxpayer funds. remember that, taxpayers of america? when the same banks that are going to profit from these debit card fees were so desperate that they needed a helping hand from taxpayers to save their banks? and do you remember how they expressed their gratitude to us. it was heartwarming. as soon as they could, they called a meeting of the board of directors and awarded one another bonuses. bonuses for their reckless conduct. just warmed my heart, that they were so appreciative of the taxpayers across america sacrificing with their taxes to save these big old banks. well, i've got news for taxpayers. they're back. they're back today. and now it's smaller, i'll concede. it's only $15 billion a year but th
banks. remember that, taxpayers of america? well, how did the big three debit card banks do in the bailout? chase, $25 billion in taxpayers' money because they had acted so recklessly and endangered their bank that they needed a helping hand. bank of america, $45 billion in taxpayer bailout funds. wells fargo, $25 billion in taxpayer funds. remember that, taxpayers of america? when the same banks that are going to profit from these debit card fees were so desperate that they needed a helping...
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Jun 7, 2011
06/11
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KQED
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governnt guarantees are explicit. >> rose: and you think that the leadership of goldman sachs and bank of america or citigroup and j.p. morgan, none of them which are necessary in danr and certainly not the latter that they are somehow... think about the fact that we're too big to fail and therefore we'll take risk? that's a stretch for me. they say "we can takehatever risk we want to bause the government will save us." >> i don't thinkhey set about to s that or do that, but i think the markets perceivehat so they gea leg up. they get benefits that small community banks don't get. that that's not fair. small community banks make loans to real people these big banks should not get the perks of knowing that they're not going to be allowed to fail which translates to lower borrowing costs, the perception they're safer. so i think it's a fairness issue. >> rose: what about executive company station in that's another issue for you. >> it is. >> rose: (laughs) yes it is. >> doesn't seem to ever change. it only goes up. >> rose: has anything changed? >> for a while in the heat of the crisis think there
governnt guarantees are explicit. >> rose: and you think that the leadership of goldman sachs and bank of america or citigroup and j.p. morgan, none of them which are necessary in danr and certainly not the latter that they are somehow... think about the fact that we're too big to fail and therefore we'll take risk? that's a stretch for me. they say "we can takehatever risk we want to bause the government will save us." >> i don't thinkhey set about to s that or do that,...