Rogue Banks: Foreclose First, Ask Questions Later
We’ve all heard these horrifying reports of gung ho cops (usually narcs) who come crashing into somebody’s home, and hold the terrified occupants at gunpoint while they ransack the house and wreck everything. And then they find out they’ve got the wrong address.
And now some Bank of America executives have decided “Cool. I wanna try that too!”
Charlie and Maria Cardoso, of Massachusetts, purchased a retirement home in Florida in 2005. They paid cash for it. They’re still living in Massachusetts, using their Florida house as a rental property in the meantime.
Bank of America officials changed the locks on their Florida house, confiscated some of their possessions, and intimidated their tenant (a single mother with two children) into moving out. They also disconnected the utilities, causing the pipes to freeze.
You guessed it — wrong house. Bank of America got the Cardosos’ house mixed up with a house across the street, ten doors down. DUH!! Do you want those assholes handling YOUR finances?
Mistakes happen, but this wasn’t just simple carelessness. The Bank of America real estate agent discovered the error in plenty of time, and kept warning his “superiors” that they had the wrong house. Didn’t matter.
The “mix-up” started last July. Every time Charlie Cardoso called the bank to ask what the F#$%&!#! problem was, he was told “Oh OK, our mistake. We’ll take care of it, don’t worry.”
After six months of this bullshit, Charlie Cardoso and his son finally drove to Florida to deal with the bank in person. By making this journey, they had to miss the homecoming of the Cardosos’ other son, who was coming home on a two-week leave from Iraq.
The Cardosos have a lawsuit against Bank of America. Soak the bastards.
Capitalism has Never Worked! Every time it’s been tried, it’s failed miserably. Every country that’s ever flirted with this disastrous economic policy — has collapsed!
Coming soon: Get ready for Son of Coalition of the Willing.
Labels: Bank of America, Charlie and Maria Cardoso, foreclosure wrong house
posted by Tom Harper @ 11:56 AM
12 Comments:
BooFooA is a fucking evil institution. I know I just feel GREAT about bailing them out.
Let me see, Iranian President Mahmoud Ahmadinejad calls for global nuclear disarmament and the US decides it's time to take him out. Who's the Axis of Evil again?
JR: Yup, can't wait for the next bailout so we can give those assholes even more of our tax money.
Lew: Hopefully the next "coalition of the willing" won't involve any other countries besides the U.S.
What Jolly Roger said, and I just love what you said about capitalism never working (long term).
It only works when heavily regulated, which is unlikely in the U.S. for another 5 years at least - until we replace all the members of Congress who have been paid off by the bankers/big pharma.
Thanks for your efforts.
S
__________
Suzan: Thanks. Mostly I was making fun of the rightwing soundbite that "socialism has never worked!" -- which they spew out every time somebody tries to have a rational discussion about health care, regulating banks, etc. You're right that too many members of Congress are under the spell of large corporations.
BoA and their brothers on Wall Street, must feel they are immune from prosecution and accountability, they performed criminal acts for years and came up smelling of roses, they will throw some pocket change at the couple from Massachusetts and go about their business.
Although you're probably right about capitalism, we have never really tried it. The closest we have had is mercantilism, and we now have a corporate plutocracy.
Holte: Unfortunately, I think your prediction -- "they will throw some pocket change at the couple from Massachusetts and go about their business" -- is correct.
TomCat: Corporate plutocracy sounds like a good description. And some definitions of Fascism include having large corporations and the government working together as one unit. I'm not ready to call our form of government "fascism" yet, but we're heading down a scary path.
You know, it takes a special kind of plug-stupid to foreclose on the wrong f'ing house. Community banks don't make this mistake - because they know where the damned property is!!
Move your money.
Bee: That sure is an advantage to using a local bank or credit union instead of one of the megabanks.
I must agree with Holte., I would like to see this couple drag it to court and really make BofA pay and maybe even get some reform out of the publicity but they look like they could really use the money now and the Bank would be more then willing to settle - maybe even put a gag on the settlement terms.
Erik
Erik: I hope this court case gets lots of publicity, and persuades some BofA depositors to put their money somewhere else.
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