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Bank of America, other banks move closer to ending mortgage mess

Bank of America, other banks move closer to ending mortgage mess | MN News Hound | Scoop.it

CHARLOTTE/WASHINGTON (Reuters) - Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years.

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The Council on Foreign Relations and the “Grand Area” of the American Empire

The Council on Foreign Relations and the “Grand Area” of the American Empire | MN News Hound | Scoop.it

By: Andrew Gavin Marshall

Chapter Excerpt: The Making of the American Empire

The process of establishing an American Empire during and after World War II was not – as has been postulated (by those who even admit there is such a thing as an ‘American Empire’) – an ‘accident’ of history, something America seemingly stumbled into as a result of its unhindered economic growth and military-political position as arbiter of world peace and prosperity. A vast literature has developed in the academic realm and policy circles – particularly within Political Science and the think tank community, respectively – which postulates a notion of ‘American empire’ or ‘American hegemony’ as accidental, incidental, benevolent, reluctant, and desirable.

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