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Salvation Army Sues Bank For Risky Lehman Brothers, AIG Investments

Salvation Army

First Posted: 04/04/11 05:49 PM ET Updated: 06/04/11 06:12 AM ET

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New York Times:

The southern division of the Salvation Army filed suit against the Bank of New York Mellon on Friday for almost $22 million, contending that the bank had "grossly mismanaged" assets belonging to the charity by investing them in mortgage-backed securities and other risky investments.

Read the whole story: New York Times

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The southern division of the Salvation Army filed suit against the Bank of New York Mellon on Friday for almost $22 million, contending that the bank had "grossly mismanaged" assets belonging to the c...
The southern division of the Salvation Army filed suit against the Bank of New York Mellon on Friday for almost $22 million, contending that the bank had "grossly mismanaged" assets belonging to the c...
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HUFFPOST SUPER USER
ZENNEPHI
13 Fans
09:30 PM on 04/04/2011
A testimonial for the Salvation Army. This not for profit "work machine" is a community
beakon in literally every region they serve. There sheltered workshop provides the
refurbishing of garments, house hold goods as well as homestead furnishings.
There food and sustinence programmes aide the displaced and down trodden family
and IndiGent alike, without bias to race, color, creed or sexual idenity.
The "Salvation War Cry" is indeed and in action fighting the war on poverty. As well
as that element in our society that is fighting with Drug & Substance Abuse.
Preventing the escalating "criminal-behavior" of our neighborhoods and streets, make
a U-turn from past mistakes, and conducting & providing a "Work intensive-In House"
Prison diversion directive. Activated by local legal jurisdiction.

..."By there Works, Ye Shall Know Them..."
And we don't have to wait for the afterlife, on this issue Folks!!!
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