The news lately has been mostly negative and and, in terms of substance, is much of the same.
Today’s post is sort of the tipping point for what’s to come in U.S. Banking, and more specifically Bank of America; the U.S.’s largest bank. 
The lawsuit spigots are now turned on full blast …As of minutes ago, […]

Bank of America Corp. is apparently very close to an agreement to pay $8.5 billion to settle claims by a group of high-profile investors who lost money on mortgage-backed securities purchased before the U.S. housing collapse, said people familiar with the matter.
The payment would be the largest such settlement by a financial-services firm […]

We know we got ourselves into deep financial trouble, but how?
Turns out the crux of it seems to have stemmed from something called a Mortgage Backed Security (MBS). But what exactly are MBS??
Check out these very interesting videos, to explain it all. They are so interesting and simple, even a child can understand these explanations. Click here […]

The New York Times reported that an Ohio federal judge blocked attempts by Deutsche Bank National Trust Company to foreclose on borrowers behind in their mortgage payments because the bank failed to produce evidence that it held the mortgages.
The court’s decision involved 14 foreclosure actions brought on behalf of mortgage investors. The bank was acting […]