It appears that BofA was selected by the 'big-shots' to be the bank that received the bulk of the toxic debt, in my opinion. You can 'Google' this- FRONTLINE: BREAKING THE BANK, and watch it on the web for proof.

Your best bet is to contact ALL of your Local News stations in your city and get a copy of your Ripoff Report to all of their Investigative Reporters immediately. Include your phone number and email address. Maybe someone will help you.

The answer to your last question is this: Our government is being controlled by the Federal Reserve. The Federal Reserve is simply a cartel of bankers, and others, who can do whatever they want. 

Good luck to you, and don't forget to spread your Ripoff Report all over the web at sites like Twitter & Facebook!

***MORTGAGE ALERT: Anyone can 'Google' this- 9WANTS TO KNOW STARTS WEEK-LONG PUSH TO HELP HOMEOWNERS, and watch the video and read the article on the web.
Then type in 481508 at this site and read St. Clair's Ripoff Report for valuable information if you have a mortgage.

we bought our home july 2005 our first payment of 595.16 was due oct 1,2005 we couldn't make the first payment because we were evacuated for hurricane rita they suspended our account for 3 months told us that we could make payment arrangements later there were no computer use, no lights phone i was able to get online later and try to deal with this, talk to a person with countrywide who was the morgage holder at the time, told us to apply for a side FHA lone, to catch up on payments, then told us that we had to be 4 months in the rear in order to qualifiy so we waited and applied, we were denied then we were making payments and they started sending us letters to catch up on lone telling we needed to pay 800.00 a month we couldn't afford that much a month, but the payment we were sending were not being applied to the lone they were applied to the escrow acct and we were still behind, so we filed chapter 13 bankrupsy.
later Bank of america took over during this time. the payments there were getting was $711.00 a month through chapter 13, during chapter 13 they recieved about $59,000 in the beginning of our home lone the starting ballance was about $75,000 they still say we owe $69,000 i got all the paper from our attorney of payments that were made, and papers from bank of america and most of those payments say misc payments what ever that means but a lot of payments were not applied to the lone, now we are waiting on home retention they still send us monthly statement saying $1400. due whatever that means we are so confused i want to get a attorney and file lawsuit, i need to get in that law suit filed on country wide home loans if someone who reads this can send me information on that would be appreciated,

...I really hope and prey that you get to keep your home. It seems according to your report that you have done everything you can and as instructed to do.

I wish I could offer any further advice to help..but it may take a class action lawsuit if the gov/feds do not do something..and FAST.

If you want some idea what is actually going on, copy and paste the following web address into your browser and watch the clip. Is is Jon Stewart so it is sarcastic and humorous, (with some fairly explicit and figurative language and diagrams), but to those who are victim to this convoluted system (aka "clusterf*@K), it may not be very funny. I laughed, but it is with disgust as well. Maybe you will get a chuckle, you may need it. It explains what has been going on pretty clearly and rationally though, and in these times that can be refreshing...

http://www.thedailyshow.com/watch/thu-october-7-2010/foreclosure-crisis

The clip is titled..

Foreclosure Crisis

The banks admit to not reading the fine print on the crappy mortgages the American taxpayers now own.

known as the Federal Reserve, in my opinion.