Page 148 - Flip Banks TG

• Racial segregation

• Impoverished neighbourhoods and

• Supported the view of historic “Law-sanctioned” racial

segregation.

Having its Cake and Eating It

“In 2013, Federal Home Loan Banks in Boston, Chicago

and Indianapolis and Triaxx said that Bank of America put
its own interest ahead of shareholders. Since Bank of

America was offering lines of credit on second mortgages,

they largely avoided financial loss.”

Bad Bonuses:

In a period when BofA received $45 billion in taxpayers

funds the hypocrisy of awarding bonuses for failure is

breathtaking:

• Bank of America and Merrill Lynch awarded its traders

and executives $5.2 billion in bonuses, despite
receiving a $45 billion taxpayer bailout.

• 11 Merrill Lynch executives and traders were paid

more than $10 million each, while nearly 700 were

received at least $1 million

Not only does it thumb its nose at taxpayers and

government but it does the same to shareholders.