Bank of America Corp. will “defend our shareholders” by disputing mortgages says CEO Brian Moynihan

[avaistheone1]

“Defend our shareholders” (and to Hell with the rule of law)

Bank of America was criticized by community groups and the Service Employees International Union for restarting the process. The company hasn’t spent enough time on its review, the SEIU said in a joint statement with PICO National Network, National People’s Action, Northwest Federation of Community Organizations and Alliance of Californians for Community Empowerment.

‘A Matter of Weeks’

Ohio Attorney General Richard Cordray said the bank may have mishandled tens of thousands of cases.

“They tell us that they have fixed the problem in a matter of weeks,” Cordray said in a statement. “We’re certainly not going to take their word for it.”

http://www.bloomberg.com/news/2010-10-18/bank-of-america-plans-to-revive-foreclosures-on-102-000-homes-shares-gain.html

[tridim]

1. Good luck BoA, with all those MBS's you don't own and didn't pay taxes on.

Panic. See it?