Vandem Productions Films, (creators of Carolina Exposed Media Outlets), offers High Definition video production services to clients in Raleigh/Durham North Carolina area and throughout the world.
This video is from an upcoming DVD that will be released in 2012 featuring Comedian and Human Rights Activist Dick Gregory with features from Commander In Chief Vandem P and Comedian Prince Paul. This clip Dick Gregory speaks on President Barack Obama’s address to the parents and kids about “personal responsibility”. Dick Gregory also mentions the scandal with Bernard Lawrence “Bernie” Madoff a former American businessman, stock broker, investment advisor and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a ponzi scheme that is considered to be the largest financial fraud in U.S. history. In March 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the 1970s, and those charged with recovering the missing money believe the investment operation may never have been legitimate. The amount missing from client accounts, including fabricated gains, was almost $65 billion. The court-appointed trustee estimated actual losses to investors of $18 billion. On June 29, 2009, he was sentenced to 150 years in prison, the maximum allowed.
Also Dick Gregory make references to the banks.
Just recently, Bank of America has agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers.
The settlement with the U.S. Justice Department was filed Wednesday with the Central District court of California and is subject to court approval. The DOJ says it’s the largest settlement in history over residential fair lending practices.
Charlotte, North Carolina-based Bank of America Corp. bought the nation’s largest subprime lender, Countrywide Financial Corp., in 2008.
The settlement amount will be used to compensate victims of Countrywide’s discriminatory mortgage loans from 2004 through 2007.http://www.cbsnews.com/8301-500395_162-57346617/bank-of-america-settles-discr…$335m/
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