Comments for Bank-Implode! http://bankimplode.com/blog Tue, 06 Mar 2012 18:32:20 +0000 hourly 1 http://wordpress.org/?v=3.3.2 Comment on Merrill Lynch – >$115.4B by In Defense of Non-Human Humanity | EcoSalon | Conscious Culture and Fashion http://bankimplode.com/blog/2008/10/17/merrill-lynch/comment-page-1/#comment-3176 In Defense of Non-Human Humanity | EcoSalon | Conscious Culture and Fashion Tue, 06 Mar 2012 18:32:20 +0000 http://bankimplode.com/blog/?p=73#comment-3176 [...] wealth from poorer to richer, not the fat cats who run the corporation! When a corporation implodes, you don’t punish the man at the helm; you give him a bonus and thank him for a great year. When [...] [...] wealth from poorer to richer, not the fat cats who run the corporation! When a corporation implodes, you don’t punish the man at the helm; you give him a bonus and thank him for a great year. When [...]

]]> Comment on Borinquen Federal Credit Union Philadelphia, Pennsylvania by Bank-Implode! » Blog Archive » Borinquen Federal Credit Union Philadelphia, Pennsylvania http://bankimplode.com/blog/2011/06/24/borinquen-federal-credit-union-philadelphia-pennsylvania/comment-page-1/#comment-3026 Bank-Implode! » Blog Archive » Borinquen Federal Credit Union Philadelphia, Pennsylvania Mon, 11 Jul 2011 17:39:06 +0000 http://bankimplode.com/blog/?p=4345#comment-3026 [...] Federal Credit Union Philadelphia, Pennsylvania, which was placed into conservatorship just last month, was shuttered up and shut down for good. The National Credit Union Administration [...] [...] Federal Credit Union Philadelphia, Pennsylvania, which was placed into conservatorship just last month, was shuttered up and shut down for good. The National Credit Union Administration [...]

]]> Comment on Feeding On You by Bank-Implode! » Blog Archive » The Monstrous House of Morgan http://bankimplode.com/blog/2011/02/20/feeding-on-you/comment-page-1/#comment-2981 Bank-Implode! » Blog Archive » The Monstrous House of Morgan Thu, 19 May 2011 21:31:24 +0000 http://bankimplode.com/blog/?p=4205#comment-2981 [...] tactics engaged in by the most pernicious usurers in human history and even in the bread lines they are fed on by JP Morgan. J P Morgan has a food stamp monopoly in 26 states and the District of Columbia. Since Morgan gets [...] [...] tactics engaged in by the most pernicious usurers in human history and even in the bread lines they are fed on by JP Morgan. J P Morgan has a food stamp monopoly in 26 states and the District of Columbia. Since Morgan gets [...]

]]> Comment on Lehman Brothers is Another JP Morgan by Bank-Implode! » Blog Archive » The Monstrous House of Morgan http://bankimplode.com/blog/2008/06/15/lehman-brothers-is-another-jp-morgan/comment-page-1/#comment-2980 Bank-Implode! » Blog Archive » The Monstrous House of Morgan Thu, 19 May 2011 21:29:44 +0000 http://bankimplode.com/blog/?p=204#comment-2980 [...] yes men who get ahead, Jamie Dimon is at the front of the line. So, back in the summer of 2007 when a group of Bear Stearns insiders decided to take the shares of their company from $137.00 down into the pennies, while being [...] [...] yes men who get ahead, Jamie Dimon is at the front of the line. So, back in the summer of 2007 when a group of Bear Stearns insiders decided to take the shares of their company from $137.00 down into the pennies, while being [...]

]]> Comment on Stalling Foreclosures with Fake Modifications by Jan H http://bankimplode.com/blog/2008/11/13/stalling-foreclosures-with-fake-modifications/comment-page-1/#comment-2931 Jan H Mon, 04 Apr 2011 10:52:01 +0000 http://bankimplode.com/blog/?p=410#comment-2931 This is what I think is really happening. I base this upon my own personal experience as well as being a former Realtor and pre-law student. Ultimately, NO ONE is going to get a real loan modification because it is all a scam. We happen to have Chase Home Mortgage also, and I have read story upon story from one homeowner after another about the way these banks are abusing people. The stories are the same and I can identify with everything that others have said. The banksters’ ultimate goal is to take your house. THEY WILL FORECLOSE. Make NO mistake about that. You WILL lose your home. Bottom line. Why? Because when the banks got all that bailout money, that gave the Feds the right to stick their nose in the banksters business. Banksters are common thieves (the ONLY difference is they dress nicer and don’t sneak into your home in the middle of the night). The banks want the Feds out of their business so they say they are going to pay back the bailout money to get the Feds off their backs. HOWEVER, rather than actually paying back the billions in bailout money (our taxpayer dollars mind you) they are forcing everyone who is upside down and behind into foreclosure. Banks almost always buy the/your houses back at the foreclosure sales. Then they write the difference off (as losses) on their taxes. Thus, they are technically “paying back” the bailout money but not out a single dime and, they get to keep the houses too and resell them and make even more money over the life of the new loan. They get to have their cake, keep it, and eat it too. This is who the American homeowner is dealing with. HOW are they getting away with doing this and why are they telling people to PURPOSELY NOT make XX payments prior to filing for a modification? The answer lies in the mortgage paperwork itself. Almost all mortgages have a clause in them called a “Power of Sale” provision. Read it! It plainly states that in the event of your default (ie., you get behind), the lender has the right to foreclose and NO OBLIGATION to enter into ANY modification program or accept anything other than what was originally agreed to. The banks are literally setting people up like dominoes. Just look around. Right now 4 out of 10 homes are either vacant or in foreclosure-that’s nearly HALF! The Banks have ZERO intention of letting you keep your home. It is a complete scam with the full blessing of our elected officials who work so hard for us (cough). Once you are behind, there appears to be no accountability as to what happens to any/all payments you make to them from what I am seeing and hearing. There are major discrepancies in escrows. My educated guess is that the banks are pocketing whatever you do send them so you might as well burn the money. Bottom line? Don’t get behind. In this economy though, I know for most people that is or has been impossible. If you have been or you are in arrears/trial loan modification, etc., REALIZE NOW that they ARE GOING to take your house-it is only a matter of time, a question of WHEN, NOT “IF”. If you are behind, stay in your home as long as you can, drag the process out as long as possible, realize you will most likely have to file bankruptcy because they will also try and come after you for the difference in what you owed and what the home actually sold for. Watch your respective County recorder’s office for the foreclosure sale date. They are REQUIRED to record that PRIOR to the sale. On the day BEFORE the sale, file your bankruptcy. It isn’t the end of the world. Rather, it is a new beginning. While you remain in your home DO NOT SEND THE BANK ONE CENT! Save ALL of your money and sell off anything you don’t need so that you can find another home when they stick a note on your door telling you that your home has been sold from underneath you. This is the inevitable. It is awful and scary and atrocious-but this is the reality of what is going on. I have yet to hear of a single loan modification that worked out in the homeowners favor. Google the banks and foreclosures and complaints and you will see the same scenarios being played out over and again and all have the SAME end result-FORECLOSURE! It is doubtful that the government or the AG’s will help. ALL the complaining is falling on deaf ears. Banks are powerful because they have money (our stolen money) and money is power. Class actions are good but they are only as good as the judge who handles the case and Judges can be and are bought and sold all day long for the right price. Bottom line, SAVE YOUR MONEY! Gve these criminal enterprises (banks) a taste of their own medicine. Play along – but send them no money and drag out the process of foreclosure as long as possible. Two can play at their game. But realize that ultimately you WILL lose your home so you best prepare yourself whilst you have the time. Don’t pay these bastards ANYTHING no matter what empty promises they offer. They are lying and yes, still stealing and they will stop at nothing to steal your home right out from under you. This is what I think is really happening. I base this upon my own personal experience as well as being a former Realtor and pre-law student. Ultimately, NO ONE is going to get a real loan modification because it is all a scam. We happen to have Chase Home Mortgage also, and I have read story upon story from one homeowner after another about the way these banks are abusing people. The stories are the same and I can identify with everything that others have said. The banksters’ ultimate goal is to take your house. THEY WILL FORECLOSE. Make NO mistake about that. You WILL lose your home. Bottom line.
Why?
Because when the banks got all that bailout money, that gave the Feds the right to stick their nose in the banksters business. Banksters are common thieves (the ONLY difference is they dress nicer and don’t sneak into your home in the middle of the night).
The banks want the Feds out of their business so they say they are going to pay back the bailout money to get the Feds off their backs. HOWEVER, rather than actually paying back the billions in bailout money (our taxpayer dollars mind you) they are forcing everyone who is upside down and behind into foreclosure. Banks almost always buy the/your houses back at the foreclosure sales. Then they write the difference off (as losses) on their taxes. Thus, they are technically “paying back” the bailout money but not out a single dime and, they get to keep the houses too and resell them and make even more money over the life of the new loan. They get to have their cake, keep it, and eat it too. This is who the American homeowner is dealing with.
HOW are they getting away with doing this and why are they telling people to PURPOSELY NOT make XX payments prior to filing for a modification? The answer lies in the mortgage paperwork itself. Almost all mortgages have a clause in them called a “Power of Sale” provision. Read it! It plainly states that in the event of your default (ie., you get behind), the lender has the right to foreclose and NO OBLIGATION to enter into ANY modification program or accept anything other than what was originally agreed to. The banks are literally setting people up like dominoes. Just look around. Right now 4 out of 10 homes are either vacant or in foreclosure-that’s nearly HALF! The Banks have ZERO intention of letting you keep your home. It is a complete scam with the full blessing of our elected officials who work so hard for us (cough). Once you are behind, there appears to be no accountability as to what happens to any/all payments you make to them from what I am seeing and hearing. There are major discrepancies in escrows. My educated guess is that the banks are pocketing whatever you do send them so you might as well burn the money.
Bottom line? Don’t get behind. In this economy though, I know for most people that is or has been impossible. If you have been or you are in arrears/trial loan modification, etc., REALIZE NOW that they ARE GOING to take your house-it is only a matter of time, a question of WHEN, NOT “IF”. If you are behind, stay in your home as long as you can, drag the process out as long as possible, realize you will most likely have to file bankruptcy because they will also try and come after you for the difference in what you owed and what the home actually sold for. Watch your respective County recorder’s office for the foreclosure sale date. They are REQUIRED to record that PRIOR to the sale. On the day BEFORE the sale, file your bankruptcy. It isn’t the end of the world. Rather, it is a new beginning. While you remain in your home DO NOT SEND THE BANK ONE CENT! Save ALL of your money and sell off anything you don’t need so that you can find another home when they stick a note on your door telling you that your home has been sold from underneath you. This is the inevitable. It is awful and scary and atrocious-but this is the reality of what is going on. I have yet to hear of a single loan modification that worked out in the homeowners favor. Google the banks and foreclosures and complaints and you will see the same scenarios being played out over and again and all have the SAME end result-FORECLOSURE! It is doubtful that the government or the AG’s will help. ALL the complaining is falling on deaf ears. Banks are powerful because they have money (our stolen money) and money is power. Class actions are good but they are only as good as the judge who handles the case and Judges can be and are bought and sold all day long for the right price. Bottom line, SAVE YOUR MONEY! Gve these criminal enterprises (banks) a taste of their own medicine. Play along – but send them no money and drag out the process of foreclosure as long as possible. Two can play at their game. But realize that ultimately you WILL lose your home so you best prepare yourself whilst you have the time. Don’t pay these bastards ANYTHING no matter what empty promises they offer. They are lying and yes, still stealing and they will stop at nothing to steal your home right out from under you.

]]> Comment on Royal Bank of Scotland by David miller http://bankimplode.com/blog/2008/10/10/the-royal-bank-of-scotland-group-plc-rbs-19b/comment-page-1/#comment-2924 David miller Tue, 29 Mar 2011 14:44:30 +0000 http://bankimplode.com/blog/?p=103#comment-2924 I know that the RBS scandal is long past and that Fred 'the shred' has cashed in and gone but the effects still linger. I live in Helsinki where banks are still considered as monuments to sobriety but my memories of how scary it was when RBS tottered still plays on my mind when I husband my dwindling resources at Sampo her in Helsinki. It could happen here too. It could happen anywhere. I know that the RBS scandal is long past and that Fred ‘the shred’ has cashed in and gone but the effects still linger. I live in Helsinki where banks are still considered as monuments to sobriety but my memories of how scary it was when RBS tottered still plays on my mind when I husband my dwindling resources at Sampo her in Helsinki. It could happen here too. It could happen anywhere.

]]> Comment on SunTrust – $2.0B by graywolf http://bankimplode.com/blog/2009/05/07/suntrust/comment-page-1/#comment-2922 graywolf Wed, 23 Mar 2011 17:38:51 +0000 http://bankimplode.com/blog/?p=78#comment-2922 Be very aware. Suntrust reserves to right to reopen closed accounts and charge you fees. I got hit with over $500 in fees 2 months after I closed my Suntrust account. Be very aware. Suntrust reserves to right to
reopen closed accounts and charge you fees.
I got hit with over $500 in fees 2 months after
I closed my Suntrust account.

]]> Comment on Enterprise Banking Company, McDonough, Georgia by McDonough GA Bank Closed « the Hack Line http://bankimplode.com/blog/2011/01/21/enterprise-banking-company-mcdonough-georgia/comment-page-1/#comment-2862 McDonough GA Bank Closed « the Hack Line Sat, 22 Jan 2011 14:24:50 +0000 http://bankimplode.com/blog/?p=4144#comment-2862 [...] 9:29 am Tags: Henry County Last night around 7:34 my Blackberry started buzzing with RSS feeds and article after article (around 12 all told) about Enterprise Bank being closed down by the Federal Reserve. [...] [...] 9:29 am Tags: Henry County Last night around 7:34 my Blackberry started buzzing with RSS feeds and article after article (around 12 all told) about Enterprise Bank being closed down by the Federal Reserve. [...]

]]> Comment on West Suburban Bank, Lombard, Illinois by Marianne Beck http://bankimplode.com/blog/2009/02/01/west-suburban-bank-lombard-illinois/comment-page-1/#comment-2839 Marianne Beck Thu, 23 Dec 2010 03:25:58 +0000 http://bankimplode.com/blog/?p=1335#comment-2839 Want very much to contact REO Dept of Western Suburban Bank to purchase or attempt to purchase property located on Schneider Road in Elburn Illinois at a cash price or based on excellent credit references. Need assistance in contacting correct personnel involved in this foreclosed property on the books of this bank. Please contact us. Thank you. Want very much to contact REO Dept of Western Suburban Bank to purchase or attempt to purchase property located on Schneider Road in Elburn Illinois at a cash price or based on excellent credit references. Need assistance in contacting correct personnel involved in this foreclosed property on the books of this bank. Please contact us. Thank you.

]]> Comment on Wells Fargo – $138.6B by Terry http://bankimplode.com/blog/2009/09/14/wells-fargo/comment-page-1/#comment-2592 Terry Wed, 11 Aug 2010 15:24:07 +0000 http://bankimplode.com/blog/?p=82#comment-2592 We have been Wells Fargo customers indirectly since 1965. We started out with United California bank and then First Interstate bank took over then Wells Fargo took over. We enjoy several perks with our account that you can't get anymore. Free check, free overdraft protection, things like that. Every time we go into our bank, they try to pry that account away from us and change it to a new account. I ask them, why should I change? They can never give me a good answer. A few months ago, the bank manager tried to get me to change our account again. I told him I did not want to change the account and I was getting very tired of being harassed by him and his employees every time I come into the bank. Now, every time I come into the bank he sits at his desk and give me a dirty look. How professional of him. We recently bought a new vehicle and tried to get a loan from our bank. They screwed us around on the approval and offered us a ridiculous interest rate. (Our credit is golden.) The car dealer gave us a great interest rate and approved us in one hour. To hell with Wells Fargo. If this is how they treat their customers I hope they do crash. We don't keep much money in there anyway. Just enough to keep the old account going. I love to go in there just to smile at the manager. We have been Wells Fargo customers indirectly since 1965. We started out with United California bank and then First Interstate bank took over then Wells Fargo took over. We enjoy several perks with our account that you can’t get anymore. Free check, free overdraft protection, things like that. Every time we go into our bank, they try to pry that account away from us and change it to a new account. I ask them, why should I change? They can never give me a good answer. A few months ago, the bank manager tried to get me to change our account again. I told him I did not want to change the account and I was getting very tired of being harassed by him and his employees every time I come into the bank. Now, every time I come into the bank he sits at his desk and give me a dirty look. How professional of him. We recently bought a new vehicle and tried to get a loan from our bank. They screwed us around on the approval and offered us a ridiculous interest rate. (Our credit is golden.) The car dealer gave us a great interest rate and approved us in one hour.

To hell with Wells Fargo. If this is how they treat their customers I hope they do crash. We don’t keep much money in there anyway. Just enough to keep the old account going. I love to go in there just to smile at the manager.

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