traynickel December 18 2010

LINK FROM: http://newzzcafe.com/

Arizona and Nevada are suing Bank of America Corp., claiming one of the nations largest banks engaged in mortgage fraud.

Attorney General Terry Goddard announced the lawsuit, filed in Maricopa County Superior Court, on Friday. It came after the office said hundreds of complaints have been filed against Bank of America (NYSE: BAC) and that the company violated the Arizona Consumer Fraud Act and a consent judgment from March 2009 between the state and Countrywide companies, which Bank of America owns.

Bank of America just fired the preemptive escalation shot in its duel with Wikileaks.

Late on Friday, America's biggest mortgage lender, and the firm that is now getting sued left and right for various mortgage transgressions, announced it is joining MasterCard, Paypal and Visa in ceasing transactions for Wikileaks.

While this decision will certainly not improve Operation Anonymous' empathy toward the North Carolina bank, it may just precipitate overt retaliation by Assange, who is now rumored to be in possession of data that could provie harmful to BAC.