Tuesday, June 18, 2013


Johann Wagener 6-18-13
The way BofA operates is the "norm" not the "exception". Banks are nothing more than organized crime organizations sanctioned by the government who claims they are too big to fail and their leaders are too big to jail. Yet, they fit the definition of an organized criminal enterprise as laid out in RICO. All that's required is a justice system that functions like one.  
Bank of America’s mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure: Yes, these allegations were suspected by any homeowner who ever had to deal with the bank to try to get a loan modification – but now they come from six former employees and one contractor, whose  sworn statements were added last week to a civil lawsuit filed in federal court in Massachusetts.
“Bank of America’s practice is to string homeowners along with no apparent intention of providing the permanent loan modifications it promises,” said Erika Brown, one of the former employees. The damning evidence would spur a series of criminal investigations of BofA executives, if we still had a rule of law in this country for Wall Street banks.
Bank of America Whistle-blower Bombshell: “We Were Told to Lie” to Rip Off Borrowers