| User Info
| AnonLeaks: Bank Of America Accused of Large-Scale Scam in forum [Market-Ticker]
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Docj
Posts: 998
Incept: 2009-09-10
Duck & Cover
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Wow, Bank of Scamerica was pulling a fast-one on its loyal customers?? Color me shocked. I mean, my faith in humanity may never be the same.
In all seriousness, someone should put this zombie bank out if its (and our) misery. It's long overdue, and desperately needed.
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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
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Lordhumongous
Posts: 4279
Incept: 2008-09-29
USA
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Bagbalm
Posts: 4259
Incept: 2009-03-19
Just North of Detroit
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The way it was attempted with us was that the company that checks our insurance for the servicer demands an annual proof of insurance from our condo association.
Last year to boost the number of people for which they would need to issue policies because they 'didn't respond' they published a false fax number. I can't buy this being true or that it was an honest mistake because when you sent off the fax it was received. It did not bounce or fail to answer. If somebody else got such a massive wave of faxes they would have found out why they were getting them and corrected it or shut down or changed their own number. Pure scam.
Edited to add: I agree with LordH - There are so many serious criminal acts involving so many prominent people that tugging at any one thread too hard will unravel the entire garment. They are not going to do that. They will ignore all public exposure until there is no respect for law or government. It's a race to collapse in both finance and governance. The number of cases of people sniping cops is a symptom of contempt and anger with authority. I expect this summer to be a hot one that way.
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Onelegged
Posts: 267
Incept: 2009-11-13
NW Colorado
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It may very well turn out to be true, but, once again, I don't believe anything will come of it if it is true. The financial system is utterly corrupt.
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The light at the end of this tunnel is a train.
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Otiswild
Posts: 5621
Incept: 2009-03-09
Inside you, the force is!
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Already Slashdotted..
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Starvingartist
Posts: 3430
Incept: 2011-01-03
Puff The Magic Dragon
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None of the pics show up for me on that site.
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"The only solution that is mathematically sound is politically impossible.
All the should's in the world ain't gonna change that."
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Supercleanfund
Posts: 1469
Incept: 2007-11-12
The Island City, CA
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- * - * - * - * - * -
Never underestimate the power of wishful thinking.
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Drench
Posts: 28631
Incept: 2009-11-10
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Quote:Neither the emails nor correspondence released by Anonymous indicate the reason behind the electronic record keeping discussion. Quote:A BofA spokesman said on Sunday the documents were clerical and administrative documents stolen by a former Balboa Insurance employee, and were not related to foreclosures.
"We are confident that his extravagant assertions are untrue," the spokesman said. http://www.cnbc.com/id/42066711 |
Jtmo3
Posts: 679
Incept: 2009-07-31
Missouri
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Quote:nothing short of criminal indictment and prosecution of everyone involved including the top executives of these firms and the bank itself will stop these abuses. Wishful thinking. Never happen. |
Downside
Posts: 1797
Incept: 2007-12-16
Left Coast
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Well, if this goes anything like the rest of the financial crisis, about two years from now the investigation will be settled with BOFA paying a few hundred million in fines without having to admit to any wrongdoing.
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“Sometimes a concept is baffling not because it is profound but because it's wrong.” - Edward O. Wilson
"Hardly anyone will understand a genuinely novel idea and no one will believe it works."
"After home prices go down to one-tenth of the highest price homeowners paid, then buy." - Sir John Templeton
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Blackswan
Posts: 5564
Incept: 2007-11-06
Just outside of Philly
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The attorney generals should also go to prison and get ready to spread their cheeks. RICO enablers.
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“It’s checkmate. Everywhere it’s checkmate.”
Hugh Hendry
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Themortgagedude
Posts: 8853
Incept: 2007-12-17
saint louis
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down .15 or 1%
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I'm already visualizing you with duct tape over your mouth.
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Bigbluffer
Posts: 1330
Incept: 2010-11-01
NC
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What I have not seen addressed, but fear is true, is if the settlement agreement is signed by the lenders and attorneys AG, will that release the banks from liability for any criminal acts? When I last called my state AG, that was the objection that I voiced, and stated that until people started going to jail, the fraud would continue.
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Corn1945
Posts: 4167
Incept: 2009-04-30
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Someone from the Slashdot comments is linking to you Karl.
The site is getting around.
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Billy_ray_v
Posts: 1039
Incept: 2010-10-08
east of the rockies
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NPPD's Rand Beer's (among others) won't be able to sit down for a month. 
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When a country allows itself to be coerced,it has to suffer
the consequences.
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Obseedian
Posts: 11872
Incept: 2007-07-26
BBRY Central
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Bagbalm
Posts: 4259
Incept: 2009-03-19
Just North of Detroit
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Yeah it doesn't mean anything when you grind the serial number off guns either. There must be a perfectly legitimate reason why. Why would you assume banks have a bad reason? Just because of robo-signing and accounting that would make the mob blush?
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Ktrosper
Posts: 1500
Incept: 2010-04-06
ft collins co
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Bagbalm wrote..It's a race to collapse in both finance and governance. /nod Well put :(
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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
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Mtrease
Posts: 24
Incept: 2009-12-05
san francisco, ca
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this is the Wikileaks release, passed out via Anonymous. they are 'related' networks, shall we say.
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Scwizard
Posts: 141
Incept: 2009-11-15
New York
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Mtrease, the release itself explicitly says otherwise.
As for the reaction, is anyone surprised? KD has clearly demonstrated that BoA has broken the law on numerous occasions, and the media has never cared.
Lets say a BoA executive murdered a lady so that they could foreclose upon her house, then with the assistance of the company covered up the crime. It still wouldn't be enough to take BoA down.
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Themortgagedude
Posts: 8853
Incept: 2007-12-17
saint louis
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Methinks that all we need is to get the Revvveerreeeeeeeend Jaaaaaaaaackssson involved when they foreclose on a black family and BAC will have Acorn in their lobby.
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I'm already visualizing you with duct tape over your mouth.
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Mtrease
Posts: 24
Incept: 2009-12-05
san francisco, ca
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scwizard: only if you misunderstand the nature of these networks. they are not 'organizations' in the mainstream sense - wikileaks no exception.
Reason: spelling
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Mtrease
Posts: 24
Incept: 2009-12-05
san francisco, ca
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Lots of us understand the anonymous model differently than many in the mainstream... so, i'm not a lone voice on recognizing the 'close relationship' (hint) between them. "Anonymous Airs Bank of America Emails for Wikileaks" http://cryptogon.com/?p=21114 Believe it or not, it doesn't matter. Certainly the Assange prosecution team will take notice. |
Blattdorf
Posts: 20
Incept: 2011-03-06
Warsaw
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Could someone explain to me in plain terms what is the nature of the scam, please? I must be thick or something...
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