Comments on: Bankster robberies: Bank of America and friends wrongfully foreclose on customers, steal all their belongings http://boingboing.net/2010/12/22/bankster-robberies-b.html Brain candy for Happy Mutants Wed, 22 May 2013 03:43:00 +0000 hourly 1 http://wordpress.org/?v=3.4.1 By: bigfatlamer http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975877 bigfatlamer Wed, 30 Nov -0001 00:00:00 +0000 #comment-975877 I'm a fan of this paragraph: "Many of the incidents that have become public appear to have been caused by confusion over whether a house is abandoned, in which case a bank may have the right to break in and make sure the property is secure." Ummm...if you need to break into it in the first place, it was probably already secure. I’m a fan of this paragraph:
“Many of the incidents that have become public appear to have been caused by confusion over whether a house is abandoned, in which case a bank may have the right to break in and make sure the property is secure.”

Ummm…if you need to break into it in the first place, it was probably already secure.

]]> By: Anonymous http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975886 Anonymous Wed, 30 Nov -0001 00:00:00 +0000 #comment-975886 BofA isn't the bank he started. It was gutted by some East Coast bank back in the mid-90s, which kept the name, but threw out everything else. BofA isn’t the bank he started. It was gutted by some East Coast bank back in the mid-90s, which kept the name, but threw out everything else.

]]> By: Anonymous http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975635 Anonymous Wed, 30 Nov -0001 00:00:00 +0000 #comment-975635 The banks are in charge now, not governments. Check out Ireland for the new rules. Anyone care to gamble on Wikileaks' survival now the money men are their target? The banks are in charge now, not governments. Check out Ireland for the new rules. Anyone care to gamble on Wikileaks’ survival now the money men are their target?

]]> By: Doramia http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975637 Doramia Wed, 30 Nov -0001 00:00:00 +0000 #comment-975637 In North America, bank robs you! In North America, bank robs you!

]]> By: alphagirl http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-976153 alphagirl Wed, 30 Nov -0001 00:00:00 +0000 #comment-976153 And now BofA has halted all foreclosures in all 50 states... maybe this is something of a good sign? http://online.wsj.com/article/SB10001424052748704657304575539963605720860.html?mod=e2tw And now BofA has halted all foreclosures in all 50 states… maybe this is something of a good sign?

http://online.wsj.com/article/SB10001424052748704657304575539963605720860.html?mod=e2tw

]]> By: mn_camera http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975899 mn_camera Wed, 30 Nov -0001 00:00:00 +0000 #comment-975899 the real answer - ending corporate "personhood" forever. Officers of the corporation become legally responsible for its actions. What are the odds? (Note: Rhetorical) the real answer – ending corporate “personhood” forever. Officers of the corporation become legally responsible for its actions.

What are the odds? (Note: Rhetorical)

]]> By: rebdav http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975644 rebdav Wed, 30 Nov -0001 00:00:00 +0000 #comment-975644 When I was working on my masters in finance it really struck me, we live in a world where if you can acquire the right connections the system allows you to counterfeit money. Those cute country banks are just as bad when they lend to you money they are allowed to create out of thin air as Goldman. Now with foreclosure scandals the imbalance of power is just more out in public view, before most of the fraud was done on private accounting ledgers. Fractional reserve or modern banking started in the renaissance with fraudulent over-issuance of gold and silver deposit receipts by goldsmiths. The goldsmiths gave a cut to the king once found out and it has been legal fraud ever since, this is why bank runs could destroy banks before digidollars became available for instant inflation. There used to be a 40-1 deposit to lending requirement. The 2008 crisis eliminated even that outrageous ratio of free money creation on the banks ledgers. When I was working on my masters in finance it really struck me, we live in a world where if you can acquire the right connections the system allows you to counterfeit money. Those cute country banks are just as bad when they lend to you money they are allowed to create out of thin air as Goldman. Now with foreclosure scandals the imbalance of power is just more out in public view, before most of the fraud was done on private accounting ledgers.
Fractional reserve or modern banking started in the renaissance with fraudulent over-issuance of gold and silver deposit receipts by goldsmiths. The goldsmiths gave a cut to the king once found out and it has been legal fraud ever since, this is why bank runs could destroy banks before digidollars became available for instant inflation. There used to be a 40-1 deposit to lending requirement. The 2008 crisis eliminated even that outrageous ratio of free money creation on the banks ledgers.

]]> By: Anonymous http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-1003550 Anonymous Wed, 30 Nov -0001 00:00:00 +0000 #comment-1003550 The big banks in the USA are too big to fail...is that a BIG joke or what??? s The big banks in the USA are too big to fail…is that a BIG joke or what???
s

]]> By: rebdav http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975646 rebdav Wed, 30 Nov -0001 00:00:00 +0000 #comment-975646 I can't wait to see what Wikileaks has for us! I can’t wait to see what Wikileaks has for us!

]]> By: swestcott http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975652 swestcott Wed, 30 Nov -0001 00:00:00 +0000 #comment-975652 I am convinced these contractors that "secure" properties are mainly thieves no mater what the case they can just say we made a mistake and no one goes to jail an abandoned home does not have laptops nice rugs jewelery left in it and they know that I am convinced these contractors that “secure” properties are mainly thieves no mater what the case they can just say we made a mistake and no one goes to jail an abandoned home does not have laptops nice rugs jewelery left in it and they know that

]]> By: Ivan R. http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975908 Ivan R. Wed, 30 Nov -0001 00:00:00 +0000 #comment-975908 Could you please keep us posted to the development of this story? I guess she will sue the bank? 'The land of the free' is slowly but surely becoming the land of the helpless and frightened. And don't get me wrong... frightened are on both sides - common people on one and state employees on other (afraid of loosing their jobs or high positions and wealth). Could you please keep us posted to the development of this story? I guess she will sue the bank?

‘The land of the free’ is slowly but surely becoming the land of the helpless and frightened. And don’t get me wrong… frightened are on both sides – common people on one and state employees on other (afraid of loosing their jobs or high positions and wealth).

]]> By: Anonymous http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975653 Anonymous Wed, 30 Nov -0001 00:00:00 +0000 #comment-975653 When are we going to get the pitchforks out? When are we going to get the pitchforks out?

]]> By: mdh http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975909 mdh Wed, 30 Nov -0001 00:00:00 +0000 #comment-975909 Yeah, how does parroting those you disrepect earn you respect? Yeah, how does parroting those you disrepect earn you respect?

]]> By: dross1260 http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975656 dross1260 Wed, 30 Nov -0001 00:00:00 +0000 #comment-975656 "What is the robbing of a bank compared to the founding of a bank?" - Bertolt Brecht “What is the robbing of a bank compared to the founding of a bank?” – Bertolt Brecht

]]> By: moose_hp http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-976170 moose_hp Wed, 30 Nov -0001 00:00:00 +0000 #comment-976170 I know it's probably bad taste to joke about it, but, I find kinda funny that (if Ms. Ash got her last name from her late husband) Robert Ash was turned to... ashes. I know it’s probably bad taste to joke about it, but, I find kinda funny that (if Ms. Ash got her last name from her late husband) Robert Ash was turned to… ashes.

]]> By: cory http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975915 cory Wed, 30 Nov -0001 00:00:00 +0000 #comment-975915 Is it time for class warfare yet? I'm ready to hang some bankers. Is it time for class warfare yet? I’m ready to hang some bankers.

]]> By: wrybread http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975662 wrybread Wed, 30 Nov -0001 00:00:00 +0000 #comment-975662 It'll be interesting to see if Wikileaks is perceived by more people as a journalistic organization after this. Digging up dirt on a bank is the job of an investigative journalist. Digging up dirt on a government is the job of a terrorist, at least according to many of the journalists who aren't doing their jobs. It’ll be interesting to see if Wikileaks is perceived by more people as a journalistic organization after this. Digging up dirt on a bank is the job of an investigative journalist. Digging up dirt on a government is the job of a terrorist, at least according to many of the journalists who aren’t doing their jobs.

]]> By: Anonymous http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975664 Anonymous Wed, 30 Nov -0001 00:00:00 +0000 #comment-975664 Did I miss something? Isn't USA still part of the developed western world, laws included? Did I miss something? Isn’t USA still part of the developed western world, laws included?

]]> By: bkad http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975675 bkad Wed, 30 Nov -0001 00:00:00 +0000 #comment-975675 Why does everything have to be about wikileaks? Aren't we done with that by now? I clicked this article hoping to read about something different. :-) Why does everything have to be about wikileaks? Aren’t we done with that by now? I clicked this article hoping to read about something different. :-)

]]> By: Anonymous http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975680 Anonymous Wed, 30 Nov -0001 00:00:00 +0000 #comment-975680 Ah yea. Just a couple days ago, Real News Network covered the overlapping subject of servicer driven foreclosures. My favorite point was that it's not in the interest of the people who actually own the debt to foreclose on these homes, that the foreclosures are really only in the interest of the middlemen, which would be why so many of these cases involve fabrications. http://www.youtube.com/watch?v=y2LSiP99QtA Ah yea. Just a couple days ago, Real News Network covered the overlapping subject of servicer driven foreclosures. My favorite point was that it’s not in the interest of the people who actually own the debt to foreclose on these homes, that the foreclosures are really only in the interest of the middlemen, which would be why so many of these cases involve fabrications.
http://www.youtube.com/watch?v=y2LSiP99QtA

]]> By: Cnoocy http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975682 Cnoocy Wed, 30 Nov -0001 00:00:00 +0000 #comment-975682 Why are these people walking free? I don't want resignations at BoA, I want prosecutions. Why are these people walking free? I don’t want resignations at BoA, I want prosecutions.

]]> By: angusm http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975689 angusm Wed, 30 Nov -0001 00:00:00 +0000 #comment-975689 This is tied in with what's known as "robo-signing" - Google for it - where bank employees routinely sign off on documents asserting the bank's ownership of a mortgage (and thus their right to foreclose on a property) without checking them. Naturally, this makes it easier for "accidents" of the kind described in this article to occur. These are actual legal documents, and signing them is a legal declaration that the signer has read and verified the contents of the document. When a corporation commits perjury followed by burglary, what is the appropriate penalty? This is tied in with what’s known as “robo-signing” – Google for it – where bank employees routinely sign off on documents asserting the bank’s ownership of a mortgage (and thus their right to foreclose on a property) without checking them. Naturally, this makes it easier for “accidents” of the kind described in this article to occur.

These are actual legal documents, and signing them is a legal declaration that the signer has read and verified the contents of the document.

When a corporation commits perjury followed by burglary, what is the appropriate penalty?

]]> By: Zergonapal http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975692 Zergonapal Wed, 30 Nov -0001 00:00:00 +0000 #comment-975692 Break and Enter, Theft etc. If nothing else there is a massive class action brewing over this. The government bailed them out of the financial crisis and they repay the government by ticking off the voters. Game over man! Game over. Break and Enter, Theft etc. If nothing else there is a massive class action brewing over this. The government bailed them out of the financial crisis and they repay the government by ticking off the voters. Game over man! Game over.

]]> By: Zergonapal http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975694 Zergonapal Wed, 30 Nov -0001 00:00:00 +0000 #comment-975694 Too big to fail. Too stupid to survive. Too big to fail. Too stupid to survive.

]]> By: Anonymous http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975703 Anonymous Wed, 30 Nov -0001 00:00:00 +0000 #comment-975703 Because the next big thing WiLi is bringing to the fore is a large trove of material regarding a bank, which in a strange co-incidence is the same one we are discussing here. So, the mention of it is relevant. Because the next big thing WiLi is bringing to the fore is a large trove of material regarding a bank, which in a strange co-incidence is the same one we are discussing here. So, the mention of it is relevant.

]]> By: webmonkees http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975708 webmonkees Wed, 30 Nov -0001 00:00:00 +0000 #comment-975708 There's been a anti-BoA movement for years. (due to different reasons, but hey, the logo fits) Important to close any unused accounts, as they are potential money pits if the account numbers get in the wrong hands.. When I closed my account, the clerk asked me why.. I cited security concerns. Especially since I had just closed the account and withdrew all the money armed with just a bank statement. Not even ID. There’s been a anti-BoA movement for years. (due to different reasons, but hey, the logo fits)

Important to close any unused accounts, as they are potential money pits if the account numbers get in the wrong hands..

When I closed my account, the clerk asked me why.. I cited security concerns.

Especially since I had just closed the account and withdrew all the money armed with just a bank statement. Not even ID.

]]> By: jetsetsc http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975714 jetsetsc Wed, 30 Nov -0001 00:00:00 +0000 #comment-975714 If corporations have legal rights like people do (see recent "Citizens United" ruling), then they should be liable to go to jail just like people. I'd like to see BOA doing 5 to 10 hard time for B&E. If corporations have legal rights like people do (see recent “Citizens United” ruling), then they should be liable to go to jail just like people. I’d like to see BOA doing 5 to 10 hard time for B&E.

]]> By: JonStewartMill http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975715 JonStewartMill Wed, 30 Nov -0001 00:00:00 +0000 #comment-975715 Perfect lead-in for <a HREF="http://www.angryflower.com/bankjo.html">this</a>. Perfect lead-in for this.

]]> By: Xenu http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975976 Xenu Wed, 30 Nov -0001 00:00:00 +0000 #comment-975976 This is why I'm moving my money into smaller banks and investment firms. The big guys are criminals. I forget who said this, but I love the quote: <blockquote>If banks are too big to fail, let's make them smaller.</blockquote> This is why I’m moving my money into smaller banks and investment firms. The big guys are criminals.

I forget who said this, but I love the quote:

If banks are too big to fail, let’s make them smaller.

]]> By: knoxblox http://boingboing.net/2010/12/22/bankster-robberies-b.html#comment-975721 knoxblox Wed, 30 Nov -0001 00:00:00 +0000 #comment-975721 I was on to BoA's skeezy banking tactics back in the late '90s when I quit them, and searching for another decent bank seemed futile for years until I joined WaMu...which promptly failed. I was on to BoA’s skeezy banking tactics back in the late ’90s when I quit them, and searching for another decent bank seemed futile for years until I joined WaMu…which promptly failed.

]]>