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Title: National Council of La Raza and Wachovia Launch $16.25 Million Partnership to Advance Economic Development in U.S. Latino Communities
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URL Source: http://biz.yahoo.com/prnews/080611/clw001b.html?.v=2
Published: Jun 18, 2008
Author: Various
Post Date: 2008-06-18 06:44:00 by Jethro Tull
Keywords: None
Views: 125
Comments: 10
National Council of La Raza and Wachovia Launch $16.25 Million Partnership to Advance Economic Development in U.S. Latino Communities
Wednesday June 11, 9:00 am ET
Multi-faceted partnership will include post-purchase homeownership counseling, community development capital, capacity-building support and key event sponsorships
LOS ANGELES, June 11 /PRNewswire-FirstCall/ -- The National Council of La Raza (NCLR), Raza Development Fund (RDF), Wachovia and The Wachovia Foundation today announced a five-year, $16.25 million partnership focused on economic development for the Latino community in the U.S.
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#1. To: Jethro Tull (#0)
Simply dial - 357
Just about the best personal defense tool on the market. A wonderful investment.
I question the intent of a Banking Institution taking on the fight for a bunch of criminals invading the country wherein the Bank is located. But check out this bank. Wachovia Corporation (NYSE: WB), based in Charlotte, North Carolina, is the fourth largest banking chain in the United States based on total assets.[4] Wachovia is a diversified financial services company that provides a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. It is one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California.[1] It also serves retail brokerage clients under the name Wachovia Securities nationwide as well as in six Latin American countries, and investment banking clients in selected industries nationwide. Wachovia provides global services through more than 40 offices around the world. A New York Times article titled "Corporate Profits, From Data Sold to Thieves"[24] published on May 20, 2007 described Wachovia's negligence in screening on taking action against companies connected to identity theft. These companies used stolen identities to remove funds from personal Wachovia bank accounts via unsigned checks. The article goes on to say "In all, Wachovia accepted $142 million of unsigned checks from companies that made unauthorized withdrawals from thousands of accounts, federal prosecutors say. Wachovia collected millions of dollars in fees from those companies, even as it failed to act on warnings, according to records." Furthermore, the article adds "In a lawsuit filed last year, the United States attorney in Philadelphia said Wachovia received thousands of warnings that it was processing fraudulent checks, but ignored them." On April 25, 2008, Wachovia agreed to pay up to $144 million to end the investigation without admitting wrongdoing.[25] The investigation found that Wachovia had failed to conduct suitable due diligence, and that it would have discovered the thefts if it had followed normal procedures. The penalty is one of the largest ever demanded by the Office of the Comptroller of the Currency. On June 02, 2008, Wachovia Corp. chief executive Ken Thompson was pushed out Monday as head of the nation's fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S. housing market. [26] The board of the Charlotte-based bank said it asked Thompson, 58, to retire and replaced him on an interim basis with Chairman Lanty Smith. Smith had already replaced Thompson as chairman last month in a move the bank said "strengthens independent leadership" at the company.
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#2. To: noone222 (#1)
#4. To: Jethro Tull (#2)
(Edited)
#5. To: noone222 (#4)
Check this out. I have to laugh at folks who think they can vote this crap away.
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