As if that weren’t bad enough, earlier this year, mortgage giant Fannie Mae, that paragon of fiscal prudence, announced it was cutting off Bank of America from selling loans because the bank was failing to honor repurchase requests in a “timely” fashion. When an institution that contributed to the 2008 financial meltdown with its profligate lending calls you out, you know you’ve got problems. So it seems a little more than strange that BOA is proudly claiming it will spend upward of $50 billion over the next 10 years to help fight “climate change.”
Read on at:
http://www.washingtontimes.com/news/2012/jun/20/banking-on-green-energy/
Read on at:
http://www.washingtontimes.com/news/2012/jun/20/banking-on-green-energy/
