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Sunday, October 10, 2010

Bank of America stops U.S. foreclosures

(Newsyndicate): The investing giant Bank of America, located in Charlotte, NC, has halted all foreclosure procedures nationwide. It has thrown the economy into turmoil, which has been seeing light at the end of the tunnel. Bank of America is the United States' largest banking and finance firm, and plays a key role in ending the "great recession," which started in 2008. Other banks are now being pressured to follow suit.