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July 19th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: IMF: eurozone in critical danger, ECB should launch QE nbsp
BofA Profit Rebound Marred by $22.7 Billion in Mortgage Claims
Bloomberg – Bank of America Corp.’s second- quarter profit report was marred by record demands for refunds on faulty mortgages, casting doubt on whether improvements in the company’s real estate operations will last. Net income was $2.46 billion, or 19 cents a share, compared with the year-earlier record loss of $8.83 billion, or 90 cents, with the Charlotte, North Carolina-based company saying today it set aside less money for bad loans. At the same time, demands from bond investors and insurers that the firm take back defective mortgages jumped by more than $6 billion from the previous quarter to $22.7 billion. Read article
Tags: 2nd Great Depression, banks, North America
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