Government Chooses Big Banks Over the Little Guy … Year After Year
Bloomberg reports:
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In a March 27 report, Moody’s displays a bar chart of its credit ratings for the banks in blue. In green bars, it shows Goldman Sachs and Wells Fargo would be rated two grades lower if the taxpayer backstop didn’t exist. Moody’s boosted Morgan Stanley’s score by two grades for the same reason, even though it had downgraded that bank in June 2012.
The scores for Bank of America, Citigroup and JPMorgan (JPM) are three grades lower in the green bars.
Debt sold by the holding companies of Bank of America and Citigroup (C), the second- and third-biggest U.S. banks by assets, would fall to junk status without the implicit government guarantee, Moody’s Senior Vice President David Fanger says.
Bloomberg is probably being too generous to the big banks, stating:
All told, the financial advantages for the six biggest banks since the start of 2009 amounted to at least $102 billion, according to data compiled by Bloomberg.
But top banking analyst Chris Whalen estimates that the big banks receive a subsidy of $780 billion dollars every year.
And everyone knows that virtually all of the giant banks’ profits come from various government subsidies.
Indeed, the big banks have repeatedly gone bust due to stupid and risky bets … but the government keeps choosing the big banks over the little guy.
~
LDTX
Have to agree with everybody’s comments. Bank of America, America’s Wholesale Lender, MERS, Bank of New York Mellon, the OCC all need to be put under the jail and be lucky if they had bread and water and a small can to do their business in. Wear the same clothes over and over and only get them washed when they wreaked with the smell of their dirty rotten souls and made them puke they were so contaminated with their own filth.
You see when you have in writing on many occasions that Bank of America is the Servicer of your loan and MERS won’t even respond to the qualified written request because they have lied on every single occasion, your mortgage was supposed to have a Lender called America’s Wholesale Lender who never existed for the borrower the investors who nobody even knows who then traded your home on Wall Street and tries telling you that you now own a mortgage to MERS and Bank of New York Mellon you find that one lie after another just isn’t going to work. For every lie you are told, they have to tell another lie to cover that lie and it just keeps going on and on and on.
You get a letter from the Bank of New York Mellon who states oh sorry we are not the owner and holder of the note but we are the trustee for the investors. We physically do not own or hold the note, we have no say in how the property is disposed, and we have no say in loan modifications!
Really? But Bank of America told me that The “Owner/Holder” of the Note, Bank of New York Mellon denied a loan modification! Oh and also all decisions about foreclosures are the servicer’s call and not the Trustee! So Bank of America you have no owner/holder of the note but you are stealing properties? That is OK? You are good with that? Who said it was OK. Who told you that you could do this? I would really like to know who said this is morally right.
Furthermore, Bank of America, you file with the Credit Bureau monthly derogatory credit information to the credit bureaus and you don’t even know yourself who the investor is much less the so called creditor. Oh yeah and the security and the mortgage can not exist at the same time so this is why the promissory note had to be destroyed. So you not only destroyed the blue ink copy of the promissory note but you also are still trying to convince borrowers you can take what was turned into a investment and turn it back into a mortgage because you are Bank of America, Bank too Big to Fail right? Bank of America, you call yourself a debt collector and you have to hang up the phone or not answer when you are asked “Who are you collecting a debt for”? Why because you don’t even have a clue who you are collecting the debt for. You foreclose on properties under the Bank of New York Mellon on the Harris County TX Appraisal District but if you do research and look at the addresses under Bank of New York Mellon and then you google the addresses, guess what???? drum roll please…… are you ready for this????? Bank of New York Mellon is supposed to be the owner of the property which was foreclosed but when you google the address everything pertaining to the records on these homes is being sent to Bank of America, Chase Bank, Wells Fargo, Citi Bank and others and Bank of New York Mellon puts in writing they do not physically hold the note or own the property. Wow!!! Now try to go purchase one of these homes and guess what? If you haven’t done your homework and you do not understand what is going on then you are more than likely purchasing a home that had a clouded title. When you walk off your property, do a short sale, and do not fight back with these banks, you have awarded them your property which will allow them to illegally go back and redo documents to the chain of title on your property. Yes folks and your property was a investment tool for Wall Street and the banks to premeditate a scheme that would make them rich, make sure you lost your home and all of them could put this money in a foreign bank, reclaim the property after foreclosing taking your properties knowing there was never a contract between you and a lender, your home was stolen from you, banks were bailed out by the government, you fought to pay for a home that had already been paid off by investors, and insurance companies and the banks have been double and triple paid for these properties and you have been left with nothing but bad credit, a foreclosed property, and our stupid government, attorney generals of some states, the IRS, the County tax accessor’s and collectors could get off their lazy asses and clearly look on your appraisal district records and your county records and see that the banks 100% lied and stole properties and are banking on them again because now the banks foreclosed and own the properties and are renting them to only those with perfect credit and getting rich once again.
Thank you to the Government of the United States of America, State Attorney General’s, IRS, OCC, Federal Trade Commission and all of you SOB’s who are too sorry to grab hold of your balls and your vaginas and step up and admit you all scammed people who wanted to have nothing but the American Dream!! You lie, you cheat, you over spend, you steal, expect for the American People to pay for your actions and you think you will never pay any consequences for what you have done.
Oh my, have you ever heard of a higher power? Have you ever heard of One Country Under God, In God We Trust, I pledge allegiance to the Flag of the United States of America? Well let me introduce you to GOD, the higher power, and I pray to see you all going through what I said in this email from the beginning. You are all put in prison, you will live off a cup of water and stale bread, you will live in filth and rot. You are no better than any bomber, murder, rapist, pedophile, or any other criminal out there on the street or in prison. You all premeditated a crime that you would all benefit from and you did not care about the victim. Your day will come and you will be punished. Not any amount of material possessions or money will save you. You think you have a title and a status. Well guess what? You are no better than anybody else. You are human just like every live body in this world. Do not think that status and money and material possessions make you indispensable or better. Like I said, you are a criminal and you are looked at as a criminal and your nice suits, rolex watches, finest cars, mansions and airplanes are only a illusion. All of you involved are what you are and that is scum of the earth, dirt under our feet, criminals. So you are the trash of trash covered in horrible stench, and only hidden by the illusion of telling yourselves that you are great honorable people.
Well many of us who you thought you would destroy and cause us to kill ourselves or give up living, I have news for you life is good. Life is actually great because I do live and believe in One Nation Under God, I believe in God, and I believe the banks will fail and we will see our day that we can see you all suffer just like we have. Only we will have our freedom and you will be looking at nothing but walls and bars and live with the same types of people you are.
Thank you and may God bless all of you that have lost your homes and fought for your homes just like myself. Stay strong, Pray, and they all will fall like flies and we will all smile as each one is slowly but surely taken to justice. Because remember in America don’t they claim Justice for All? We will be Victors and not Victims of these horrible people. It goes to show everyone that it does not matter your status and how much money you have because that is just a disguise to hide what these people truly are and that is forever a criminal.
Maybe they could tell just what debt they sold so we could be ready for the bottom feeders that about to come after us. F-ing ambulance chasers!
not only let them fail, but let them fail, give every single person who they filed foreclosure on and did it by lying, to not only me, but to over 4.62 million Americans, BofAfucking America, told me in Sept. 2009 that they would have the loan mod done within 45-60 days and told me not to even make a partial-payment because it could get lost and not applied and I said, I pay online billpay, bank-to-bank transfer and they still told me not to pay and instead of giving me the loan mod by the 60-day period(not just the 45 to 60 days) they fucking filed foreclosure on me, I couldn’t afford an atty. so had to fight by myself and so-called making homes affordable and non-profits helping me (and me finding out Aug. 2010 that they actually worked for the banks!!!!!) and the judge through out the foreclosure in Jan.2011 when BofA fucking lying ass lawyers didn’t show up and I’m disabled and told them to call me early a.m. as difficult to walk early in a.m. for me to walk with a cane & 20lb file of all my paperwork plus all the names of the people I spoke to and they didn’t show up so judge through it out. And then I don’t hear from them from Jan. 2011 through 3/31/2012 of course saying they lost paperwork and need info all over again!!!!for the 7x!!!!!! and now fighting their threats again they said they are going to start foreclosure on me again and I’m disabled still living on limited income, they still don’t do the loan mod, of course tells me back in Feb. 2010 and now again that I don’t qualify, YEAH BECA– USE THE ASSHOLES DESTROYED DESTROYED MY CREDIT!!!! ALL 3 OF MY SCORES WERE IN HIGH 690’S THROUGH SEPT.2009 AFTER NOT ONLY THEM TELLING ME NOT TO PAY AND HAD TO BECOME 60-DAYS LATE BUT IT ALL STARTED APRIL 2009 WHEN I CALLED ORIGINAL MORTGAGE COMPANY, TAYLOR, BEAN & WHITAKER, AND THEN BOFA FUCKED ME IN THE BUTTHOLE CONTINUALLY AND STARTING IT ALL OVER AGAIN!!!!!!!!!!!
IF THEY COME TO MY HO– USE, THEY WILL BE SORRY. YOU CAN COUNT ON THAT!!!!!
SO FUCK THEM ALL!!!! I HATE THIS FUCKING GOVERNMENT!!!! THEY DO NOTHING FOR WE THE PEOPLE OF THE UNITED STATES AND ONLY CARE ABOUT THEMSELVES(ALL POLITICIANS INCL. ASSHOLE PRESIDENT OBAMA!) AND THEY JUST GET SLICKED BY THE MULTI-BILLION & MULTI-MILLION CORPORATIONS!!!!
WE WOULD ALL HAVE BEEN ARRESTED AND PUT IN JAIL FOR A MINIMUM OF 15-20YRS FOR WHAT ALL THESE BANKS HAVE GOTTEN AWAY WITH PLUS PROBABLY MAJOR FINES TOO IN THE MILLIONS OR BILLIONS, AND THEY GET ABSOLUTELY NOTHING DONE TO THEM!!!!
THIS WORLD IS TOTALLY FUCKED UP! NON-BELIEVERS IN GOD AND HE WILL PUNISH ALL THESE PEOPLE WHEN THE TIME IS RIGHT AND THEY’LL REGRET NOT ONLY NOT BELIEVING IN GOD AND JESUS AND PRACTICING “GOOD FAITH”, AND HE WILL DESTROY THEM PROBABLY NOT IN OUR LIFETIME????(I’M 52YRS OLD) BUT HE WILL PUNISH ALL OF THEM AS THEY DIE THEIR INDIVIDUAL DEATHS AND BE ASKED WHY DID YOU DO ALL YOU DID TO THESE POOR PEOPLE NEEDING ASSISTANCE WITH THEIR MORTGAGES AND WILL BE PUT IN “HELL FOREVER”!!!!!!
****And if any of you want to help me & yourselves in this country, I say let’s run our own ralley to become a new President of USA & all NEW CONGRESS & SENATORS & LOBBIESTS, so that we the people, start to run our country the way it use to be run, with honesty & integrity!!!!! Hell that is the reason Lincoln & Kennedy were shot!!!! Because they ran thecountry the way it
was suppose to be running NOT MAKING BANKS RICHER; NOT MAKING CONGRESS & SENATORS RICHER & MORE POWERFUL!!! I SAY GET THEM ALL THE FUCK OUT OF THEIR OFFICES AND US START A BETTER MORE CARING TO WE THE PEOPLE’S PROBLEMS NOT LINING THEIR POCKETS WITH MILLIONS OF DOLLARS!!!!!!
AND JUST TO LET YOU KNOW HOW SERIOUS I AM ABOUT THE ABOVE GOVERNMENT TO BE TAKEN OVER BY WE THE PEOPLE, JUST LOOK AT ALL THE FUCKING MURDERS THAT ARE STILL ON DEATH ROW & HOW THE GOVERNMENT CHANGED THE LAW, GOD’S LAW!!!!! THAT WHEN SOMEBODY MURDERS SOMEBODY, THEY ARE TO BE KILLED!!! SO NO OUR FUCKING GOVERNMENT CHANGES GOD’S LAWS BECA– USE THEY THINK THEY ARE BETTER & MIGHTIER THAN GOD, AND — USE THE ALL “TAXPAER’S MONEY” TO KEEP THESE FUCKING MURDERS ALIVE WITH LIFE IN PRISON WITHOUT PAROLE!!!! AND THERE IS SUCH A SMALL AMOUNT (1%-2%) OF PEOPLE THAT ARE CONVICTED OF MURDER THAT THEY ACTUALLY DID NOT DO IT, BUT I’M SORRY, HE OR SHE WOULD BE PUT TO DEATH, AND THAT WOULD BE SAD, BUT MOST OF THE MURDERS ARE GUILTY, AND WE WAIST OUR TAX MONEY ON KEEPING THEM ALIVE IN DEATH ROW…..FUCK, CHARLES MANSON IS STILL ALIVE!!!!!! AND KILLED ALL THOSE CALIFORNIANS BACK IN THE LATE 60’S!!!!!! WHAT A WAIST OF OUR MONEY!!!!!
AND MEN(OCCASIONALLY A WOMAN TOO) THAT RAPE &/OR ARE CHILD MOLESTERS, THEY SHOULD BE PUT IN JAIL FOR THE REST OF THEIR LIVES & TO MAKE IT EVEN BETTER, OUR ANIMALS THAT GOD CREATED FOR US TO SEE IN AUH OF HIS AWSOMENESS, ARE BEING TORTURED, KILLED, IN LABS HAVING TESTS DONE ON THEM THAT SHOULD “NOT” BE HAPPENING TO AN INNOCENT ANIMAL, THOSE MEN(OCCASIONALLY A WOMAN TOO) SHOULD BE TESTED ON!!!! FROM ALL THE LAB ANIMALS…..THIS SHOULD BE DONE TO BAD PEOPLE IN JAIL, I’M NOT TALKING ABOUT BURGLER OR ROBBERS(AND THAT IS WRONG TO DO) BUT I’M TALKING ABOUT MURDERS(THAT UNFORTUNATELY OUR GOVERNMENT CHANGED GOD’c LAWS, RAPIST AND CHILD MOLESTORS SHOULD BE HAVING ALL THESE TESTS DONE ON THEM, NOT THE INNOCENT WILDLIFE & DOMESTIC ANIMALS!!!!!
AND YES, I AM A HUGE HUGE HUGE ANIMAL ACTIVIST AND LOVER AND I WOULD CHANGE THE LAWS TO ANYBODY WHO AB– USES OR KILLS AN ANIMAL, THEY WOULD BE PUT IN JAIL FOR THE REST OF THEIR LIVES WITHOUT POSSIBILITY OF PAROLE TOO!!!!
So anybody interested in getting this going so that we could either eject this current President, Congress, Senators & lobbiests, contact me at my main email: va1coco@hughes.net
Don’t want to leave you my phone number unless you contact and are serious.
Mary
Let them FAIL and throw them in JAIL