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Shameful collection practices of American banks

by Christine D. Patterson

Created on: October 20, 2010   Last Updated: October 21, 2010

Behold! Today Bank of America states; “it will continue to foreclose homes.” They claim that they are sure that all the loans were done right. America needs to know who the mathematician was who all of a sudden looked at all these loans and said; “they were done right.”  Now the foreclosure marches on. America would like to know what about the loans that were done wrong? Does Bank of America come up with new numbers from the top of their heads? Did they go back to the loan before the homeowner got into the mess? Do they sweep under the rug what the lender did? Are the C.E.O.’s of Bank of America going to put the homeowners that will lose their homes in one of their many mansions?

The C.E.O. of Countrywide gets a fine, slap on the wrist and a get out of jail free card. He wants to put this mess behind him so his family can move on with the rest of their lives. How thoughtful he is about his family. He is forgetting about the millions of families because of his fraud that are still out in the streets today. He is forgetting that thousands of homes are in neighborhood after neighborhood rotting across America right now. He is not worried that the animals in all of this are victims also. They do not have a voice, most are taken to shelters and because there is no room, they will be put to sleep.

Many of these banks got bail out money any have laughed in the American taxpayers face. They have no morals. In reading blogs and watching the news, the homeowners have been nailed to the bankers cross.

With these big Corporations who ship our jobs overseas, what right does a bank have to take a home away because the homeowner lost their job. They will not work with them until they get on their feet. Instead it’s more money to take the home away, sell it to some poor investor overseas in China and call it a day. Wait a minute! Did the bank own it? Who cares it's not their problem anymore because China now owns it!

We the people are being held hostage from the every people who we trust to save our money. It is a proven fact in the last year; every bank does not care about the common person. Morals have gone out the window.  America is now a pond to the banks. You pay us now or there will be no later.

Is this the United States of America? Land of the free?

For the big banks, yes it is.

Learn more about this author, Christine D. Patterson.
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