posted on Aug, 20 2011 @ 11:57 AM
This is a sad story! It truly makes my stomach turn. All of this over a simple computer glitch or clerical error? I will never do business with these
callous behemoth banks. We have seen how they conduct business, and customer service. This is not an isolated incident by any stretch of the word, but
widespread poor behavior by the Big Banks.
This couple have never missed a payment, and now because of a mistake on the banks end they have worry about getting thrown out on the street?
Hopefully, they can get this settled in court before the inevitable happens. Furthermore, they had ought to file a civil suit against the bank and
immediately work to get their loan off the books of Bank of America. Take it to another reputable financial institution. This whole situation is
insane, and for the life of me I cannot understand why the bank is dragging their feet on this issue? As one consolation for this couple, BOA is
having troubles of its own as well. As of late, their stocks are falling off the cliff, and they are facing litigation from American International
Group for billions in fraud.
Bank of America stock plunges 20%
Bank of America shares plunged 20% Monday, fueled in part by a steep selloff in the broader market and news that insurer American International Group
is suing it for billions of dollars over alleged mortgage securities fraud.
What goes around comes around? So much for being to big to fail? One way or another the markets sort things out. That may be the case with the recent
financial woes being experienced by BOA? BOA is also slashing jobs as well. To the tune of over 3000.
Bank of America to cut 3,500
Bank of America, the nation's largest bank, plans to eliminate 3,500 jobs during the third quarter, part of a broader effort to cut costs at the bank,
whose stock has fallen more than 50 percent since January. The bank has already cut 2,500 jobs this year.
Muscling the little guy has its consequences. Apparently, we are seeing a behemoth wobble under its own weight? Hopefully, there will be no more
government intervention and the economic correction that was supposed to take place in 2008 is allowed to take its course? My hope is that this couple
is allowed to remain in their home, and a deal can be met. This whole case is ridiculous!
edit on 20-8-2011 by Jakes51 because: (no