Bank of America: Bad for America

Bank of America: Bad for America

How much did the Bank of America contribute to the housing crisis and what has changed since the firm received bailout money? Not much.

Copy Link
Facebook
X (Twitter)
Bluesky
Pocket
Email

Now that the Bank of America has received bailout money to remain in business, a Brave New Films investigation reveals it has yet to relay the money to customers carrying the burden of the economic collapse. Through predatory lending, the Bank of America successfully reaped profits and contributed to the mortgage crisis. Since the bubble burst, however, the Bank’s extensive private jet fleet as well as high CEO compensation packages have remained in place. In this short film, former employees as well as customers shed light on the cause and effect of business at the bank.

Gabriela Resto-Montero

Check out more great Nation videos on our YouTube channel.

Support The Nation’s June Fundraising Campaign

With the midterm elections now firmly upon us, the question is whether Democratic candidates will do more than merely occupy ballot lines as mild alternatives to the red-hot crisis that is Donald Trump.

As Trump spends over $1 billion a day on a globally destabilizing war on Iran and admits that he doesn’t “think about Americans’ financial situation,” millions across the country are struggling with the surging costs of essentials. Democrats must seize this moment and advance bold, small-“d” populist ideas—not settle for cynical caution that once again snatches defeat from the jaws of victory.

The Nation elevates progressive ideas, movements, and elected officials achieving real change across the country into the national conversation. At the same time, our journalists are exposing how crypto and AI-funded super PACs are spending hundreds of millions of dollars to knock out candidates they oppose, reporting on the devastating impact of the Supreme Court’s evisceration of the Voting Rights Act, and sounding the alarm on attempts by red states to quickly redraw electoral maps, disenfranchising Southern Black voters.

We can play this critical role because of support from readers like you. This June, we’re raising $20,000 to power The Nation’s independent journalism in the run-up to November’s immensely consequential elections.

It’s in our power to build a more just society, and your support at this critical moment brings us closer to that bold vision. I hope you’ll donate today.

Onward,

Katrina vanden Huevel
Editor and Publisher, The Nation

Ad Policy
x