tag:blogger.com,1999:blog-53246864840716464.post4899235428944058267..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Bank of America Down 20% Today After Being Sued by AIG for "Massive Fraud" ... Goldman, JP Morgan and Deutsche Are NextUnknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-53246864840716464.post-91621320697508583692011-08-09T18:13:52.006-07:002011-08-09T18:13:52.006-07:00We're so glad we paid off our mortgage to Bank...We're so glad we paid off our mortgage to Bank of America this month - all $78,000+ of it! We were so incensed at this dumb gorilla of a bank and finally did something to get the monkey off our backs. Our advise - get out of big banks and do with credit unions.Laura Resurrectorshttps://www.blogger.com/profile/14242487905899110891noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-36747661369869981412011-08-08T22:12:04.577-07:002011-08-08T22:12:04.577-07:00The era of fraud. A milestone from which to learn...The era of fraud. A milestone from which to learn and hopefully cause future changes. First we lived through the gigantic stock market fraud. Even an imbecile could see that there was no way most tech stocks were worth their highs. One must remember what exactly stocks are. Millions of people lost their retirement. <br /><br />That wasnt too bad though, right? I mean, they had EQUITY! FALSE equity brought about by deceptive, dangerous lending. Years ago the banks had to decide if they would close down then or play with fire until it burned them. In the mean time they became fat pigs while defrauding investors. Our 'perfect mortgage storm' was destined. The ill wind started blowing several decades ago. Now the nation is paying the piper. The fraud is so massive and the damage to citizens so great that many people will die without recouping anything at all. Now we are building a huge population of post baby boomers whop have nothing, are too old to get good jobs, and will have to look to the government to live. They will need money we dont have. The waves from this giant stone will erode the beaches of our lives for many years.<br /><br />Marvin Von Renchler, ex 31 year mortgage broker. (No, I did NOT use stated income loans to help destroy the system)Marvin Von Renchlerhttps://www.blogger.com/profile/09492858214449343285noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-79319720884932988562011-08-08T20:06:43.225-07:002011-08-08T20:06:43.225-07:00Want to get really incensed? Find out how our mon...Want to get really incensed? Find out how our monetary system works. Check out Money as Debt 2 Promises Unleashed and The Money Masters on youtube. You'll never look at politics and economics the same way!Brad Ohttps://www.blogger.com/profile/03703930878867350225noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-60078607134607251832011-08-08T17:23:11.915-07:002011-08-08T17:23:11.915-07:00Thanks The banks have been so unfair. After squand...Thanks The banks have been so unfair. After squandering taxpayers money That I think judgment day is coming Wall Street takes them down Don't come to us broke tax payers to ask for more money shut down all the banks Open up one bank That is itHelmuthttps://www.blogger.com/profile/00034371446321337575noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-18349675361259813232011-08-08T17:05:54.524-07:002011-08-08T17:05:54.524-07:00I agree that there was massive fraud, but where wa...I agree that there was massive fraud, but where was AIG'S due diligence? I think greed got in the way of due diligence.Jeffhttps://www.blogger.com/profile/16531181773285949728noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-85518594762308227662011-08-08T17:04:20.875-07:002011-08-08T17:04:20.875-07:00There certainly was fraud, but where was AIG's...There certainly was fraud, but where was AIG's due diligence. I think greed got in the way of due diligence.Jeffhttps://www.blogger.com/profile/16531181773285949728noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-36622414759555952442011-08-08T15:46:09.947-07:002011-08-08T15:46:09.947-07:00It's about time the law came into play. If a ...It's about time the law came into play. If a thug in the street holds someone up for $10, they do years in prison. <br />These thugs in a suit are no different, in fact they are worse because they had every advantage this country had to offer them-and it still wasn't enough...PrissyPatriothttps://www.blogger.com/profile/13631831301034918405noreply@blogger.com