http://RTR.org | A SWAT team broke into a home at the request of the US Department of Education to arrest and collect on a defaulted student loan. Kenneth Wright was dragged from his Stockton California home in his underwear while his children were in held police custody for several hours as they searched for his estranged wife. We bring you coverage of the unfolding story with remarks from Sheriff Richard Mack on the increased use of SWAT teams nationwide and Congressman Ron Paul’s remarks on the Department of Education.

Bank of America Corp., the largest U.S. bank by assets, reported a $1.24 billion fourth-quarter loss as costs mounted for refunds, writedowns and litigation tied to faulty mortgages.

The loss of 16 cents a share widened from $194 million a year earlier, according to a statement today from the Charlotte, North Carolina-based bank. The lender increased the amount set aside to cover mortgage disputes for the second time in less than a month and added…Click Here To Read More