1 post tagged “money banks”

View other items tagged “money banks:” Photos, Audio, Videos, Books or Links. View “money banks” on Vox.

Bank of America can suck my dictation

Feb 6, 2009
2 comments

Bank of America will never, ever get my money. Not after what they pulled on this guy:

http://tpmmuckraker.talkingpointsmemo.com/2009/02/how_theresa_hatt_caused_the_financial_crisis.php

Last month, Theresa Hatt died at 52, after a brief struggle with cancer. [S]hortly after her death, Hatt's son, Paul Kelleher, began the sad task of calling his mother's creditors, to inform them of her passing. The calls were uneventful, if depressing, until Kelleher got to Bank of America. Here is how he says his conversation with a representative of the company's estates unit went:

Paul Kelleher: Yes, I'm calling to inform you that my mom died on the 24th of January.
Bank of America Estates representative: I'm sorry. Oh, it looks like she never even missed a payment. That's too bad. Well, how are you planning to take care of her balance?

PK: I'm not going to. She has no estate to speak of, but you should feel free to just go through the standard probate procedure. I'm certainly not legally obligated to pay for her.

BOA: You mean you're not going to help her out?

PK: I wouldn't be helping her out -- she's dead. I'd be helping you out.

BOA: Oh, that's really not the way to look at it. I know that if it were my mother, I'd pay it. That's why we're in the banking crisis we're in: banks having to write off defaulted loans.
"I lost it there," Kelleher, ... told TPMMuckraker. When pressed, he said, the estates rep backed off that last claim, but only a little, continuing to suggest that cases like his mothers had played a role in the financial crisis.

HOW much did B of A lose on their bone-headed purchase of Countrywide Financial, when everyone knew real estate was about to tank?? HOW many hundreds of millions of dollars (if not billions) did these suits piss away on greedy, shortsighted or just plain incompetent spending? And they have the fucking gall to pull shit like this?

I'll stick my money in a rabid squirrel's nest before handing over to these morally-bankrupt twits. The squirrel's nest pays a higher return.