Bank of America was sued today by the U.S. Attorney in New York City for "allegedly engaging in a scheme to defraud Fannie Mae and Freddie Mac."

The bank has been a familiar face in Washington over the years and has spent roughly $8 million on campaign contributions and lobbying since 2011, according to data from the Center for Responsive Politics.

I attended The Michigan Summit in Lansing today and got to listen to a Michigander talk about going to last week’s Bank of America protest in Charlotte. The man, probably in his early 50s, talked about how he struggled to pay his mortgage and how it felt to stand up to Bank of America president Brian Moynihan at a shareholder meeting.

Bank of America shareholders will vote at their annual meeting this week on two proposals to limit or disclose political spending by the behemoth bank. After the Supreme Court’s disastrous decision in Citizens United v.

UPDATE: No hoax. According to ZeroHedge, the man who approached Rick Perry is likely to be James Mahoney, Director of Public Policy at Bank of America (scroll down past the video).

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