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My bank is poor shaming me..?
New Book: THE OVERDRAFT TRAP
The Overdraft Trap: How to Fight Back Against Predatory Banking by Juan Rodulfo #predatorybanking #overdraftfees #personalfinance #debtrelief #bankingrights About the Book Are banks profiting from your financial struggle? The Overdraft Trap exposes the hidden mechanisms banks use to drain your account and provides a clear, actionable roadmap for reclaiming your money. Available in all formats:…
New Book: THE OVERDRAFT TRAP
New Book Exposes the Hidden Costs of Banking: “The Overdraft Trap” by Juan Rodulfo Offers Consumers a Roadmap to Financial Freedom KISSIMMEE, FL – As millions of consumers continue to struggle with the burden of hidden banking fees, author and financial advocate Juan Rodulfo has released his latest work, The Overdraft Trap: How to Fight Back Against Predatory Banking. Available now, this…
New Book: THE OVERDRAFT TRAP
The Overdraft Trap: How to Fight Back Against Predatory Banking by Juan Rodulfo #predatorybanking #overdraftfees #personalfinance #debtrelief #bankingrights About the Book Are banks profiting from your financial struggle? The Overdraft Trap exposes the hidden mechanisms banks use to drain your account and provides a clear, actionable roadmap for reclaiming your money. Available in all formats:…
dozing by the kitchen fire, — or puttering around in the feed lot
Therefore, pay heed to the opportunity which is now knocking at your door. Don’t let it find you dozing by the kitchen fire, — or puttering around in the feed lot, deaf to the plea which thousands of your fellow farmers are making to you at this hour. Plan your next season’s crop carefully — but remember that rain, sunshine and hard work alone will never “pull you out.”
ex cover page editorial, “That Mortgage of Yours” (“by the author of After-Thoughts”) — encouraging farmers to band together in the Farm Club movement, against the predations of banks (“industrial thieves”) — in The Missouri Farmer (“Columbia, Mo.; The home of Missouri’s great agricultural college and the Missouri Experimental Station”) 9:1 (January 1, 1917) : 1 : link
Joe Biden set out to limit overdraft fees banks can charge customers. Congressional Republicans are scrambling to undo that.
(...)52 Republicans — every GOP senator except Missouri’s Josh Hawley — advanced Scott’s measure, despite unanimous opposition from every Senate Democrat. “Why would we help the big banks at the expense of working people?” Hawley said after the vote. “I just don’t understand it.”
Really, Josh? REALLY??? You have the nerve to ask that while your Party sits on it's hands as your Dear Leader King Elon's jester is letting the Space NaXi ransack the VA and other services -- y'know, at the expense of the "working people" that you want us to think that you're championing? Brave, brave Sir Joshie needs to sit the fuck down and shut the fuck up!
JP Morgan Chase sued for fraud on mortgage-backed securities October 2, 2012
New York's top prosecutor opened a new front in efforts to hold banks accountable for the financial crisis by filing a civil lawsuit against J.P. Morgan Chase & Co., alleging widespread fraud by the company's Bear Stearns unit in the sale of mortgage-backed securities.
The case is the first to be brought under the aegis of a group of federal and state prosecutors and regulators formed by President Barack Obama in January. If successful, the lawsuit could point the way to significantly more financial pain for the big banks, which face threatened government actions and numerous investor lawsuits tied to mortgage securities that soured in the crisis.
Since 2008, state and federal regulators have launched dozens of probes to determine whether banks broke securities laws or were simply guilty of errors of judgment. Regulators have achieved some record-breaking penalties and investors have secured some significant victories. Bank of America Corp. agreed Friday to pay $2.43 billion to settle claims it misled investors about the acquisition of Merrill Lynch & Co., in the largest shareholder class-action settlement tied to the meltdown. BofA didn't admit wrongdoing.
At the same time, regulators have been criticized for their failure to bring enforcement actions in relation to some of the biggest blowups in the crisis, such as the collapse of Lehman Brothers Holdings Inc. William Black, a former bank regulator, said Monday's civil action showed "a continuation of the failure of leading prosecutors to bring a criminal case against any of the elite players."
The complaint filed Monday in New York state court by Eric Schneiderman, the state's attorney general, seeks an unspecified amount of damages related to billions of dollars in losses. It is the first action from the Residential Mortgage-Backed Securities Working Group, which cites some $22.5 billion of losses suffered by investors in securities issued by Bear Stearns Cos. in 2006 and 2007, before the New York investment bank nearly collapsed in March 2008 and was taken over by J.P. Morgan. The lawsuit alleges that Bear Stearns defrauded investors by packaging up and selling on mortgages that it knew—or should have known—were highly likely to default.
J.P. Morgan Chase spokesman Joseph Evangelisti said the bank intends to contest the allegations, and that it is "disappointed" the New York attorney general "decided to pursue its civil action without ever offering us an opportunity to rebut the claims."
Source
It's unbelievable that it's still a widespread question as to whether the financial crisis was brought about by illegal wrongdoing or errors in judgement. Banks will do anything to make money, including exploiting the entire country into the worst recession since the Great Depression.
