Tag Archives: lehman bros

Bank of America Document Leaks Allege Insurance Scams

By Abigail Field
Daily Finance

At one minute past midnight on Monday morning, a hacker collective released a set of emails on the website BankofAmericaSuck.

While all the allegations in the leaked documents involve Bank of America (BAC) — through a soon to be ex-subsidiary called Balboa Insurance — they also implicate many other big banks that are clients of Balboa, including: “GMAC, Aurora Loan Services [a subsidiary of Lehman Bros Holdings], IndyMac Federal Bank [a subsidiary of OneWest Bank], Saxon, HSBC, PennyMac [a collection agency started by former Countrywide Home Loans executive Stan Kurland after CHL and Balboa were sold to BAC], Downey Savings and Loans, Financial Freedom, Select Portfolio Services, Wells Fargo/Wachovia and [BofA].”

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Profit Ties between Phony Terror Alerts, Airport Security and L-3 Communications

By Steve Scheetz
COTO Report

Since September 11, 2001, the US government has been operating with a demand for the understanding of the people. We, as part of this demand, are to allow certain limitations on our liberty in order to gain a certain level of security. But, given the questionable nature of what are likely exaggerated threats, coupled with Congressional enrichment from these expensive security technologies, the U.S. public is losing both liberty and security, as well as money.

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