Florida Sheriff’s Deputies Bring Padlocks After Angry Homeowners Foreclose on…Bank of America!
- Posted on June 4, 2011 at 5:48pm by
Scott Baker
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Collier County, Florida — Have you heard the one about a homeowner foreclosing on a bank?
Well, it has happened in Florida and involves a North Carolina based bank.
Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff’s deputies foreclose on the bank.
Florida homeowners Maurenn Nyergers and her husband paid for their home in cash, and never took out a mortgage, so when Bank of America filed foreclosure papers on the house, they took the bank to court, and won. And when Bank of America wouldn’t pay their legal fees — as it was ordered to by the court — their attorney, Todd Allen, decided to seize its assets, in person, with movers and sheriff’s deputies in tow.
Threatened by Allen’s instructions to “remove desks, computers, copiers, filing cabinets and any cash in the teller’s drawers,” the bank paid up after about an hour, though one imagines the sight of the nervous bank manager was almost payment enough for a foreclosure defense attorney like Allen. (”[T]his is sweet justice,” Allen says.)





















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Comments (195)
Rickfromillinois
Posted on June 4, 2011 at 6:42pmI am disappointed in this story…….because there wasn‘t a video of every minute of it with close ups of the manager’s face.
Report Post »338lapua
Posted on June 4, 2011 at 9:40pmAHHHH, the sphincter clenching moments of the bank manager as his stupidity is causing his entire branch to be reposessed…….yeah……
Report Post »About time actual justice is served up hot and fresh!
Ithinkthat
Posted on June 5, 2011 at 7:35amThe manager of that branch had nothing to do with the foreclosure mistake. Grow up.
Report Post »ED4237
Posted on June 4, 2011 at 6:39pmYeah go get them.
Report Post »THEBRAIN
Posted on June 4, 2011 at 6:32pmB of A was taken over by the Govt. when Country Wide went belly up and combined. B of A now Govt. run by Obummer administratoin. Any questions ? ?
Report Post »As I See It
Posted on June 4, 2011 at 10:04pmProve your allegation please.
Report Post »EyeofthePatriot
Posted on June 5, 2011 at 1:31am@AS I SEE IT
Is this proof enough? If not – what are you looking for?? I thought it was pretty common knowledge…
http://news.bbc.co.uk/2/hi/business/7832484.stm
Report Post »Cida
Posted on June 4, 2011 at 6:30pmBanks are accustomed to stealing from the poor and middle class families. When you put money in the bank, it will disappear weather you spend it or not. This family was smart and they took a stand against the bank robbing them. I suggest that if a depression hit the U.S. pull your money out of the banks, the government will take. This is Justice rendered to Bank Of America. Don’t wait until it happens to you, take a stand for what you believe in. I Stand For Israel…….Am Israel
Report Post »optimusprimal1972200
Posted on June 4, 2011 at 6:27pmthere’s just one thing i have to say about this. YEAAAAAAAAH! bank of america went down!
Report Post »LadyIzShy
Posted on June 4, 2011 at 6:25pmwasnt BOA the bank that had advertising saying they would give you a home loan without SS# and ID? I would NEVER do business with them. Glad they had to pay up when they were proven in the wrong..
Report Post »GeorgieJo
Posted on June 5, 2011 at 12:50amBOA should change their name to BANK of ILLEGALS
Report Post »The Gooch
Posted on June 4, 2011 at 6:25pmWhat arrogance on the part of the bank! Too dismissive to own it’s own BS. Yeah, bankers, you’re either paying for some p!ss poor legal representation or you just don’t give a fig. Hmm… might this be the mentality engendered by a system that is enabled by a govt. that believes in bailing out losers? What a shock.
Report Post »teddrunk
Posted on June 4, 2011 at 6:18pmA publicity stunt. A good one, but it doesn’t mean much. Why attack the banks? They‘re the ones FORCED by the government to loan money to dead beats that they’ll never recover. A bank is just a bunch of investors, many are retirement fund investors.
Report Post »abbygirl1994
Posted on June 4, 2011 at 6:24pmDid you even read it?? We need more publicity stunts like this! pleaseeeeeeeeeeeeeeeeeeee!
Report Post »The Gooch
Posted on June 4, 2011 at 6:31pmWow. You’re going to bother to defend the indefensible. Not only did the bank foul up, but it wouldn’t even own its own BS. I suppose some entities are “too big to fail”… and too big to care to follow court orders. Funny how in weak economy two banks in neck of the woods have been able to put up nice, new structures. Go figure.
Report Post »I’d think real hard about sticking my neck out to excuse this level of incompetence. This is idiotic hubris, plain and simple.
Captain Crunch
Posted on June 4, 2011 at 6:32pmObviously he’s drunk like Ted.
Report Post »As I See It
Posted on June 4, 2011 at 6:33pmThank you for your clarity – I’ve found that most people commenting here, just like any other site, liberal or conservative, are kool-aid drinkers of their own particular variety – D or R. Fannie Mae, Freddie Mac and even the Treasury Dept were involved in dictating to lenders what types of loans (sub-prime) the lenders were to make – it all began with Jimmy Carter and the Community Reinvestment Act. But because the particular kool-aid drinkers here buy into the “banks are the evil villain” rhetoric pumped out by the media, they jump right up on the band wagon without knowing the facts – or caring that there are any.
Report Post »The Gooch
Posted on June 4, 2011 at 6:58pmYep. We‘re just too dumb to realize that it’s in our best interest to allow different rules for different people. The dehumanization being championed here is nauseating. By the rationale of some posters, the ol’ “I was just following orders” routine not only defends past unethical behavior but all present and future chicanery. While I can understand the warm, fuzzy feeling that is evoked by holding what seems to be be an eternal “get out of jail free” card, there comes a point where you can’t defend stupid and greedy without looking a bit… questionable.
Report Post »This recalls an experience my family had in buying a home. I took the day off to close on the loan but the bank rep dicked around and didn’t make herself available at the SCHEDULED time. Long story short, because of someone else’s lack of punctuality, my interest rate was a full percentage point higher than promised. But, hey, that’s MY problem right? I mean, she told me she felt REAL bad about it.
This explains how opportunistic jerks like Trump are championed as an actual presidential candidate: Screwing people, gaming the system and rationalizations are truly the American way. I‘m pretty dang sure I’m smart enough to know that screwing people shoul NOT be championed or defended.
There was a court order, the bank chose to ignore it and the potentates should be shunned for their incompetence thoughout this matter. Then again, maybe they just don’t care. Maybe we shouldn’t care. All is well, ri
Mr. Oshawott
Posted on June 4, 2011 at 11:06pm@TedDrunk
In case you overlooked the article (and I’m pretty much sure you did), the couple NEVER went for a mortgage and they paid for their home in CASH. The instant Maurenn and Allen were slammed with foreclosure papers, they sued Bank of America, and when the court issued Bank of America the order to pay their legal fees, the bank willingly ignored it.
Report Post »Teaparty-grammy
Posted on June 5, 2011 at 4:43am@ Gooch, who posted: “As I See It
Posted on June 4, 2011 at 6:33pm
Thank you for your clarity – I’ve found that most people commenting here, just like any other site, liberal or conservative, are kool-aid drinkers of their own particular variety – D or R. Fannie Mae, Freddie Mac and even the Treasury Dept were involved in dictating to lenders what types of loans (sub-prime) the lenders were to make – it all began with Jimmy Carter and the Community Reinvestment Act. But because the particular kool-aid drinkers here buy into the “banks are the evil villain” rhetoric pumped out by the media, they jump right up on the band wagon without knowing the facts – or caring that there are any.”
You are quite wrong. We are well aware that the government was to blame for a great deal of this–but you cannot deny that the bankers’ greed had a lot to do with the situation in which they found themselves. And after taking huge sums of money wrung out of average taxpayers–many of whom were having difficulty paying their OWN mortaages, those self-same banks seemed to go out of their way to be arrogant, rude and unccoperative in the extreme to John Q Public. It is no wonder people hate them as much as they hate the government.
So climb down off your soapbox, Mister. Reminds me of that scene in “Cool Hand Luke” where George Kennedy was citing prison rules and Luke sneered, “Yeah, those poor old bosses, they need all the help they can get!”
Report Post »teddrunk
Posted on June 5, 2011 at 9:43amI said it was a good publicity stunt. It was designed to incite and delight the pitchfork people before they storm the gates. Right on cue, it did.
Report Post »CM Sackett
Posted on June 4, 2011 at 6:15pmOut-FREAKIN-STANDING!!!
Next stop… the WH, Capital Hill, and the U-friggin-N!
Report Post »Teaparty-grammy
Posted on June 5, 2011 at 4:37am@CM Sackett – Yes, we certainly should foreclose on the UN — we could help to balance the budget with all the money we pour into that sinkhole of America-haters, and invite them to leave our country. I have been wondering for YEARS why we allowed that bunch to remain here, let alone putting as much money into it as we do. Keepers of the peace? That is rich. The UN is completely toothless and ineffective–witness all their stern “resolutions” to Iran about the nukes, which have accomplished exactly nothing.
Report Post »Lesbian Packing Hollow Points
Posted on June 4, 2011 at 6:13pmFrickin’ sweet!
Report Post »RLTW
Posted on June 4, 2011 at 7:22pmBabes with guns are always HOT! You go girl.
Report Post »Workforit
Posted on June 4, 2011 at 6:10pmNow that just makes you want to smile! I hope this is the first of many such “Foreclosures”!
Report Post »abbygirl1994
Posted on June 4, 2011 at 6:09pmI loved it………….. yes!! Now American’s hear this! DO NOT bank with Bank of America!! Idiots!
Report Post »the hawk
Posted on June 4, 2011 at 6:09pmThere should be thousands of loan officers and appraisers in jail ! Instead they get bailed out and boneses!
Report Post »Midwest Blonde
Posted on June 4, 2011 at 6:49pmNo need to repeat yourself – sometimes posts are slow to appear.
Report Post »OUTRIDER WRITER
Posted on June 4, 2011 at 6:09pmA lotta heads in BoA are going to roll.
Report Post »As I See It
Posted on June 4, 2011 at 6:25pmWhy would it be a lot?
Report Post »RRFlyer
Posted on June 5, 2011 at 8:55amI really doubt Any heads will roll. If they haven’t cared about their public image up to this point, why would this incident matter?
Report Post »TomFerrari
Posted on June 4, 2011 at 6:05pmThey SOLD a friend’s house WITHOUT ANY NOTICE!
He got a call from another friend (in the business) telling him it had happened the day before!
Yes, it was BofA.
Report Post »Teaparty-grammy
Posted on June 5, 2011 at 4:32amI‘ve also read about cases where they tell people they’re going to “work with them” and to “wait for the paperwork”, and while they are waiting, they foreclose on the home. I’ve even read they have improperly foreclosed on some of our soldiers fighting in the Middle East without proper notice or due process. Even if they do not give a rat’s a$$ about the rest of us, you would THINK the government would get involved and force them to do what’s right in those cases.
Oh, right–the government has forgotten what is right–if, indeed any of them ever knew in the first place. The Boy King and his Bovine Queen, Moo-chelle obviously have no clue about right and wrong, or between class and trashy, for that matter. What kind of low-class trash gives an I-Pod loaded with his OWN speeches as a gift to a foreign dignitary? Especially when that dignitary is the Queen of England–one of our oldest and most faithful allies in the world!
Report Post »the hawk
Posted on June 4, 2011 at 6:05pmThere should be thousands of loan officers and appraisers in Jail ! Instead they got bailed out and boneses!
Report Post »adouglass1
Posted on June 4, 2011 at 6:02pmThats funny can we foreclose on Washington!! Excuse me President Obama you will need to get up and give that desk up or cut a check!!
Report Post »seeker9
Posted on June 4, 2011 at 6:11pmI would love to foreclose on Pelosi.
Report Post »Support Israel
Posted on June 4, 2011 at 6:24pmSoon enough…. 2012
Report Post »KickinBack
Posted on June 4, 2011 at 6:49pmI don’t know if anybody wants that desk after his dirty feet have been up on it.
Report Post »JustPeachy
Posted on June 4, 2011 at 7:35pmLOL Kickinback–especially if it’s the same one Clinton “used.” LOL!
Report Post »Teaparty-grammy
Posted on June 5, 2011 at 4:24am@seeker9:
Report Post »I am pretty sure somebody already foreclosed on and repossessed her brain. Oh, wait, I forgot–she never had one! :)
Evileye
Posted on June 4, 2011 at 6:02pmAnd people trust banks like this to be caretakers of you deposits
Report Post »BOMUSTGO
Posted on June 4, 2011 at 6:25pmHow can we trust banks with our money, when they don’t trust us with their pens???…For the younger people, banks used to have their pens thethered down with a wire lanyard.
Report Post »Sherryb50
Posted on June 4, 2011 at 5:59pmOk, good for the Nyergers. But how could the bank foreclose on their home???? Is there something here we aren’t being told????
Report Post »CatB
Posted on June 4, 2011 at 6:15pmThey paid CASH for the home … no MORTGAGE .. makes one wonder how many others are out there that they have harrassed unfounded?
Report Post »hifi74
Posted on June 4, 2011 at 6:39pmI’m going to assume that BoA was the title holder when the house went to sale. Either from another foreclosure or the previous owner was selling and the house was not yet paid off. Then I would guess (I am only assuming as I only know what you know from this article) they were auditing their files and either someone misread the terms of the sale in the closed paperwork or the paperwork was filed incorrectly and upon further investigation found that “no payments” were being made and started forclosure procedues. Either way it would seem to be a major screw up on BoA’s part and then they compounded the problem by not paying on a court mandated payment for legal fees for the defendents.
Report Post »randy
Posted on June 4, 2011 at 5:58pmFantastic!!! I hate Bank or America!!!
Report Post »As I See It
Posted on June 4, 2011 at 6:23pmDo you have a reason for hating Bank of America?
Report Post »GeorgieJo
Posted on June 4, 2011 at 6:52pmRandy–
I despise BOA
When I lived in California (thank goodness I’m no longer THERE)
BOA treated me horribly and I had GOOD credit
PLUS BOA (like many other banks) are sitting on a HUGE mountains of CASH
and the executives ARE still getting BIG bonus/BUCKS
Obummer is tight with the banks
Report Post »Had a big meeting with them PRIOR to election
BO doesn’t give a rip about “MAIN STREET” folks
He wants another 4 to improve his golf game and ruin this country
EddardinWinter
Posted on June 4, 2011 at 6:52pmWell they did promise to help Lehman Marcus (sp?) and then let them rot….so if you were a former L-M employee I could understand the hatred. I don’t like them very much, and I do a bunch of work with them at the ops center here in Richmond, but hatred is a bit strong I guess.
Report Post »UlyssesP
Posted on June 4, 2011 at 7:48pmBOA treats people terribly. It is a fact. I stopped banking there 6 years ago at least. Treated me like crap. Bank I have now has OUTSTANDING customer service. Not really a bank though, it’s a credit union.
Report Post »JCoolman
Posted on June 5, 2011 at 12:49amHating banks is the answer…rrright. Who set up this mess in the first place. You know…through community organizing. You know…people like our president (wanna be dictator)…
OBAMA.
Report Post »EyeofthePatriot
Posted on June 5, 2011 at 1:26am@JCOOLMAN
I’m glad somebody still gets it.
Regardless of the SPECIFICS of BoA… yes they took TARP money… but then again so did many smaller banks who were virtually FORCED by the hand of this damn administration. But anyway, regardless of who may love or hate BoA… it is a huge disservice to put your eye towards any banks without first nonstop condemning the root of the problem. Fannie/Freedie… Frank/Dodd.
What is so hard to understand?
I’m very surprised at some of the comments from those I see as regulars on these boards… of “sticking it to them” or “revenge is so sweet” when talking about these banks IN GENERAL.
Report Post »Teaparty-grammy
Posted on June 5, 2011 at 4:20amMy biggest beef with the big banks that got all the bailout money is they used it to pay fat bonuses to execs and just sat on a lot of it–they spent little or nothing on what the money was “supposed” to be for–which was to open up credit and lending for businesses to create jobs. That never happened, because the banks took the money and ran.
Of course for the government to just hand out these HUGE bags of money to these a$$ holes with NO conditions or accountability attached whatever was nuts to being with. That just PROVES they’re all in bed together. I made a note of every one of our Congressional representatives who voted to give them all that money and I voted against them all. That is the only way we can put a stop to this kind of crap–MAKE THEM PAY when they do it, by throwing them out of their cushy jobs in Washington, because, you know, they have become so fond of the lavish little nest they’ve built for themselves in Washington that will sell themselves to ANYBODY to keep it–even BOA.
Report Post »Dahart
Posted on June 4, 2011 at 5:56pmHa! What comes around gose round……in the words of Toby Kieth “How do you like me now!”
Report Post »JCoolman
Posted on June 5, 2011 at 12:41amYeah…”How do you like your government regulatorsssssss…now.”
Report Post »Oldtexan in support of Israel
Posted on June 4, 2011 at 5:54pmI just love it!!!
Report Post »JCoolman
Posted on June 5, 2011 at 12:34amLove what? Dont you get it? This was how it was supposed to happen from the get go. In the confusion, who will have to come to the rescue?????????????????
GOVERNMENT!!!!!!!!!
Report Post »JCoolman
Posted on June 5, 2011 at 12:38amYeahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Report Post »sissykatz
Posted on June 4, 2011 at 5:53pmGood For Them…… Ha ha
Report Post »RepubliCorp
Posted on June 4, 2011 at 5:59pmmade me smile
Report Post »jedi.kep
Posted on June 4, 2011 at 10:24pmThis story just made my night! LOL.
Report Post »JCoolman
Posted on June 5, 2011 at 12:29amPeople:
This is how it was supposed to work out in the end. Look out for Sterner’s objective.
Report Post »JCoolman
Posted on June 5, 2011 at 12:43amMass confusion
Report Post »LibertyorD34th
Posted on June 4, 2011 at 5:52pmHell yeah! It’s nice to see the tables turned for once.
Report Post »Robert-CA
Posted on June 4, 2011 at 9:07pmI‘m lovin’it tatratataaaaaaaaaa !!!!!!!!!!!!!
Report Post »lcassavaugh
Posted on June 4, 2011 at 5:50pmwooo hooo – give it to them!
Report Post »cheezwhiz
Posted on June 4, 2011 at 5:55pmMaurenn Nyergers and her husband paid for their home in cash, and never took out a mortgage, so when Bank of America filed foreclosure papers on the house
Report Post »———————–
Huh ?
What kind of crackpots are working in the mortgage department of BoA ?
sbeejustsaying
Posted on June 4, 2011 at 5:56pmI love it. See when you lose your sense of humor things just aren’t funny anymore.
Report Post »TomFerrari
Posted on June 4, 2011 at 6:02pmha!
ROFLMAO!!
Report Post »Support Israel
Posted on June 4, 2011 at 6:04pmGotta love this country….
Report Post »CatB
Posted on June 4, 2011 at 6:12pmI love it .. perhaps they should check their paperwork before trying to foreclose on a home that WAS PAID FOR WITH CASH! I think they should havd gotten money for all the “pain and suffering” and no doubt sleepless nights these BoA fools caused!
Makes one wonder .. .what do they do .. drive around and look for homes to CLAIM they hold a mortgage on?
TEA!
Report Post »Uncurable wound
Posted on June 4, 2011 at 6:14pmWOW! I actually like this lawyer…SCARY…
Report Post »Banks are the biggest threat to LIBERTY…
Showtime
Posted on June 4, 2011 at 6:18pmBoA foreclosed on one of their own banks in Boynton Beach, FL. I thought that was funny until I read this!
Report Post »The_Almighty_Creestof
Posted on June 4, 2011 at 6:18pmHope they brought a couple dogs with bowel problems to leave a “deposit” in their lobby.
Report Post »Captain Crunch
Posted on June 4, 2011 at 6:30pmWe need to forclose on Federal Reserve for all the money they’ve stolen from us.
Report Post »chazman
Posted on June 4, 2011 at 7:06pmI’d still like to know how B of A thought they had legal right to their property. And when the lawsuit was first filed against B of A, did B of A attorneys get involved, and if they did, are they IDIOT’S? How could a case like this possibly end in a decision by a judge? There has got to be a helluva lot more to this, don‘t ’cha think? Well, I’m glad. B of A is a giant blood sucking machine …
Report Post »D0ntTread0nMe
Posted on June 4, 2011 at 7:10pmThat was the best story I have watched in a while, way to follow it through and get it done! Congrats…
Report Post »http://www.mythoughtsfromthemiddle.blogspot.com
Snowleopard {gallery of cat folks}
Posted on June 4, 2011 at 8:03pmFinally.
Report Post »Snowleopard {gallery of cat folks}
Posted on June 4, 2011 at 8:05pm@Cheezwhiz:
My personal beef with BoA in the time I was in Florida was over a business account that after it had been closed and moved to another bank, they messed up on and said it was a loan for over 4000.00 plus interest and fines; even after the matter was laughed out of the court when they sued me, they still have been trying to collect on it for years via these rackettering debt collection thugee businesses they support.
Report Post »SlimnRanger
Posted on June 4, 2011 at 8:20pmThis story made my day,very good call on foreclosing on the bank
Report Post »Paradigmm
Posted on June 4, 2011 at 8:54pmA couple of months ago when stories started coming out about the foreclosure mess all I read from most of you is how all these people where deadbeats who got what they deserved. Now that the actual truth comes out that it was the “BANK’S” that caused this mess and continue to try and screw people you change your tune. Perhaps if most of you had done the research back then, instead of just parroting what you’re where hearing you wouldn’t have made some of those hateful statements. It’s the banks (for the most part) that caused this mess and now they are trying to cover it up by ramming through foreclosures with fraudulent paperwork so they don’t have to pay for their mistakes. The banks got bailed out (at the people’s expense) and now they are trying to finish us off.
Report Post »My Sacred Honor
Posted on June 4, 2011 at 9:08pmBoA is that kind of mothertrucker, even way back when they were Nations Bank. Believe me, I know. They effed me within my first month of having an account, and i called them on it and cancelled my account right there on the spot.
Report Post »drattastic
Posted on June 4, 2011 at 9:20pmI love this story.
Report Post »thegrassroots
Posted on June 4, 2011 at 9:37pmThis Is A WONDERFUL Story! I’ll be smiling over this one all evening!
Report Post »banjarmon
Posted on June 4, 2011 at 11:09pmDon’t forget fready, fanny, and barney frank…..
Report Post »the_ancient
Posted on June 4, 2011 at 11:13pmAnyone with a Bank of American Account, Credit Card, or Loan should find a way, anyway to move thier accounts…
Bank of America is by far the worst bank in the nation, and has soooo many underhanded policies and fees they make the mafia look like choir boys.
All for profit banks are bad( I use Credit Unions for all my banking) but Bank of America takes it to a whole new level
Report Post »touch
Posted on June 4, 2011 at 11:16pmBOA thinks it is a one way street in their favor. I can’t tell you how many Americans have not made a mortgage payment to BOA for a year of more while they live in the home and save money.
Bottom line. If BOA could prove that they own the note to the house, they would have foreclosed on the homeowner immediately and taken the asset back and sold it. BOA cannot do this because they cannot prove who holds the note. They are FRAUDS and have taken TARP money from the Government who they are in bed with.
Happy camping Americans
Report Post »JCoolman
Posted on June 5, 2011 at 12:26amThis just shows how bad the government system that Cuomo, Frank and Dodd (among others) have set up. On purpose ????????????????????????????????????????????????????????????????
Report Post »Polwatcher
Posted on June 5, 2011 at 5:49amTouche. What goes around comes around.
Report Post »I support God's Israel!
Posted on June 5, 2011 at 9:32amcheezwhiz:
Report Post »…the kind that will be fired and blamed for the fiasco, even though it is probably bank policy to screw the American public. Management will just blame it on their employee and have no knowledge of it. Yeah, right…….
Armed Patriot
Posted on June 5, 2011 at 10:38amBanks are not our enemies. The fed is. Congress is. the President is. The governemnt is our problem. This is a rare and unusual issue and how they attempted to foreclose on a house that was purrchased with cash is beyond me. I wonder if the previous owner had a loan from BofA?
Report Post »TulsaYeeHaw
Posted on June 5, 2011 at 10:44amHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA…eh, you guys get it.
Report Post »Cemoto78
Posted on June 5, 2011 at 10:44amI really with this was Goldmans Sachs and the U.S. Treasury.
Report Post »grandmaof5
Posted on June 5, 2011 at 11:16amCHEEZWHIZ, probably Obama union thugs re-dressed as acceptable employees.
Report Post »FFFPE
Posted on June 5, 2011 at 11:49am@Paradigmm
Lets make sure we place the blame where it truely belongs:
1. Politicians: Home ownership is a priviliage, not a right (Note I said HOME OWNERSHIP, not a roof over your head)
2. Bankers: Greedy SOBs
3. “Homeowners” who could not read, comprehend, or just too stupid to add 1 + 1.
These are the people we need to blame. But, as usual, the ones who do the right thing and can live with in their means AND make thier payments on time are the ones who get screwed.
For the people in the story, good for them! I guarentee there were some shorts being changed after that incident.
Report Post »the_ancient
Posted on June 5, 2011 at 1:04pm@ARMED PATRIOT
a Generic Bank is not an “enemy” no company is, however if you would look in to Bank Of America you would clearly see they should have gone out of business a long time ago, and no one that is concerned with the Rule of Law or a open free market should ever do any business with Bank of America.
Report Post »Paradigmm
Posted on June 5, 2011 at 1:17pm@FFFPE
You can’t simply lay the blame on one group of people; the problems are more systemic than that. Yes, for years politicians have been touting the idea of home ownership as part of the American dream but what they didn’t tell people is that over the last few decades banks have been paying politicians (via campaign contributions) to rewrite laws, reduce regulations and essentially rig the game in the banks favor (as if the fractional reserve system itself wasn’t bad enough). Having had a parent in the banking industry for 43 years I think I can speak with authority on that.
As for the people too dumb to read or comprehend what they are reading, you’re absolutely right. Most kids coming out of high school these days can’t even balance a checkbook. The American educational system has completely failed (or succeeded depending on who you talk to) our children. Schools have become nothing more than indoctrination centers that emphasize repetitive behaviors over critical thinking. Smart enough to follow instructions but dumb enough not to question them! The politicians/bankers love this however (which explains why they are so adamant about defunding what is left of the educational system) because the people are too stupid to see what has been going on for decades.
Report Post »Taquoshi
Posted on June 5, 2011 at 5:42pm@ Snowleopard -
I can relate. I closed out a charge card account with BOA a number of years ago and kept getting statements saying that the account was being charged a late fee of $1.00, then $2.00, next $3.00 and so on despite repeated calls to customer service. It took months to get it straighten out and then they kept trying to say it was my error. What is so hard to understand about “Please close the account.”? There are other horror stories I could tell, but won’t. Suffice it to say I did a victory boogie when I read the story.
Report Post »Jediusetheforce
Posted on June 5, 2011 at 8:53pmCome and take my house…not before I make your head into a canoe. The system is corrupt and unsustainable. Maybe BofCrap should hire some more workers!!! Huh
Tempers Fly
Report Post »