Saturday, June 15, 2013

When The Scales of Justice are in Dire Need of Re-calibration . . .

Maybe the solution is to give them even more taxpayer money to gamble with? . . .

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.
The employee statements were filed late last week in federal court in Boston as part of a multi-state class action suit brought on behalf of homeowners who sought to avoid foreclosure through the government’s Home Affordable Modification Program (HAMP) but say they had their cases botched by Bank of America.
Sometimes, homeowners were simply denied en masse in a procedure called a “blitz,”said William Wilson, Jr., who worked as an underwriter and manager from 2010 until 2012. As part of the modification applications, homeowners were required to send in documents with their financial information. About twice a month, Wilson said, the bank ordered that all files with documentation 60 or more days old simply be denied. “During a blitz, a single team would decline between 600 and 1,500 modification files at a time,” he said in the sworn declaration. To justify the denials, employees produced fictitious reasons, for instance saying the homeowner had not sent in the required documents, when in actuality, they had.
Anxious homeowners calling in for an update on their application were frequently told that their applications were “under review” when, in fact, nothing had been done in months, or the application had already been denied, four former employees said.
Employees were rewarded for denying applications and referring customers to foreclosure, according to the statements. Gordon said collectors “who placed ten or more accounts into foreclosure in a given month received a $500 bonus.” Other rewards included gift cards to retail stores or restaurants, said Gordon and Theresa Terrelonge, who worked as a collector from 2009 until 2010.

Until this country's government and justice department (and The Gadfly does not give a rat's ass which political party is in charge) begins aggressively arresting, putting on trial, and upon conviction - imprisoning for life some of these crooked, thieving, criminal bankers and Wall Street suits for their crimes, The Gadfly does not want to hear, from anyone, a single solitary fucking word about the purported crimes of NSA whistleblower Edward Snowden.

These white collar criminals, sitting in the boardrooms of B of A, Goldman Sachs, AIG, Citibank and others, brought the whole goddamn world economy to it's knees by their knowingly corrupt actions, and by virtue of such, weakened America's infrastructure security infinitely more than Snowden's unsurprising confirmation of government spying on it's own citizens on a grand scale, which anyone who has been paying attention since 9/11 was already wholly fucking aware of.

This story really lights a white hot flame under The Gadfly's pasty white buttocks as he and his family had their own hideous and infuriating experience with Bank of America and their extended crime family.  The Gadfly is still dealing with the fallout from that experience to this day, and quite likely will continue to be haunted by it for some years to come.

So yeah - hunt down Edward Snowden, extradite him, put him on trial for treason, then jail him for life.  And when you're all done and feeling smugly righteous about it, come ask The Gadfly his opinion about the whole feckless affair --- but exercise caution --- don't be surprised if the reply you get does not affirm your myopic view that justice was served and the nation is truly better off for it.


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