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.

Facebook
Twitter
Email
Flipboard
Pocket

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.

Thank you for reading The Nation

We hope you enjoyed the story you just read, just one of the many incisive, deeply-reported articles we publish daily. Now more than ever, we need fearless journalism that shifts the needle on important issues, uncovers malfeasance and corruption, and uplifts voices and perspectives that often go unheard in mainstream media.

Throughout this critical election year and a time of media austerity and renewed campus activism and rising labor organizing, independent journalism that gets to the heart of the matter is more critical than ever before. Donate right now and help us hold the powerful accountable, shine a light on issues that would otherwise be swept under the rug, and build a more just and equitable future.

For nearly 160 years, The Nation has stood for truth, justice, and moral clarity. As a reader-supported publication, we are not beholden to the whims of advertisers or a corporate owner. But it does take financial resources to report on stories that may take weeks or months to properly investigate, thoroughly edit and fact-check articles, and get our stories into the hands of readers.

Donate today and stand with us for a better future. Thank you for being a supporter of independent journalism.

Ad Policy
x