The 11 Most Evil Things the Banking Industry Did in 2011

11 Most Evil Things the Banking Industry Did in 2011

It seems like every time we flipped on the news in 2011, the banking industry was finding a new way to blur the line between good business and reprehensible tyranny. Hardworking people, including war veterans, were kicked out of their homes illegally. Entire neighborhoods of vacant houses were destroyed. Meticulously orchestrated overdraft schemes ripped off consumers for billions. Federal crimes went unpunished.

Though publicists, spokesmen and spin doctors will ensure that many of 2011’s most damning financial headlines are swept into the dustbin of history, for countless Americans the story never ends. Because of one accounting error, or one forged signature, some of them will be forced to endure a financial nightmare for the rest of their lives. Their homes won’t be returned to them. Their credit scores won’t be rebuilt.

The industry will make it easy to forget the past. There will be new credit card offers, new reports showing growth in the market. New mortgages will be issued to young families. Banks and card issuers will dangle the financial carrot in front of our faces, and America will bite, because we always do. But before you take that fateful lunge, take a moment to reflect on the 11 most evil things the banking industry did in 2011.

My Favorites…

1. Family Pays Their Mortgage, Bank Ruins Their Lives Anyway

3. Bank Arrests People for Trying to Close Their Accounts

5. Bank Sues Thousands of Credit Card Customers via Robo-Signed Papers

9. Bank Arrests Its Own Customer for Cashing a Bank-Issued Check

10. Bank Attempts to Foreclose on a Couple That Never Had a Mortgage

You can read about them all here…

Add your own in the comments below!


6 Responses to “The 11 Most Evil Things the Banking Industry Did in 2011”
  1. Shelley says:

    I have tried twice now and several times earlier to comment and keep getting thrown out again. I just tried to copy the statement and something else came up so I will comment next time. I have to run for now. Anyone else getting thrown off again?


  2. Buyer says:

    I’ve been watching these ‘fines’ handed out by government regulators and law enforcement for several years now and, generally speaking, each seems to come in around 15% of damages due to whatever fraud is being claimed. As such, it is my opinion that these ‘fines’ actually represent what can be classified as ‘governments’ take’, that is, their share of the ill-gotten gains. Government’s margin on all the ruthless business being conducted. Profit-sharing. Others might call it ‘quiet’ buying.

  3. Zee says:

    It’s not a felony if you are a banker though. They know they can get away with anything they want and come up with more creative ways to commit fraud without consequence. What scam are they going to pull next?

  4. joe parisi says:

    Tell the judge to answer this one question, which is what I will do in NY- if a lay person did the same deeds that these banksters did, wouldn’t we be indicted and sent to jail????????

    Answer the question your honor, settlement or no settlement!!!!

  5. lvent says:

    This is far from over no matter how the media and the politicians spin it……CNBC reported last week 40 million homeowners are 60 days late on the wonder Obama and the banks want to hurry up and make a deal to legalize fraud by fining it instead of stopping it…!…there will be a tipping point and a settlement with the banks by the state AGs just might be it……ROBO-SIGNING IS A FELONY……MULTIPLE FELONIES WARANT JAIL TIME FOR THE BANK CEOS….NOT FINES….! Why do the banks and Obama want to fine instead of imprisonment? There is no legal fix for fraud….! ATTEMPTING TO MANUFACTURE CHAINS OF TITLE IS A FELONY…..

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