Thursday, January 15, 2015

Inside Job

Watched this documentary again last night....still makes me see red. A perfectly engineered storm....we the American people were set up by Wall Street and our government let it happen and then bailed the big guys out. Hmmmm, still trying to bail ourselves out....just saying.

Friday, December 12, 2014

Pick me

"Bank of America is being forced to hand over more than $1 million to a Florida couple after the bank flooded them with hundreds of loan collection calls for years – the latest example of alleged behavior that has cost the bank tens of millions.
In a complaint filed in July, attorneys for Nelson and Joyce Coniglio said that the couple had been on the receiving end of “patterns of outrageous, abusive and harassing conduct” by a subsidiary of Bank of America that included 700 calls in four years, after the bank said the couple fell behind on mortgage loan payments in 2009. The Coniglios also received "threatening collection letters asserting false and misleading information,” the complaint said.
The couple sent multiple letters from legal representation asking the bank to stop, but the calls -- sometimes up to five a day -- continued. The complaint describes automated calls leaving repeated pre-recorded messages.
“If I did what Bank of America did, I’d probably be behind bars,” Joyce Coniglio told CBS News' Tampa affiliate WTSP."

We had the same thing for four years on 5 X5. Happy someone went after them. #worstbank #harrasment

Friday, November 14, 2014

Criminal charges........

Several articles in USA Today about the corruption in big banks and yet they STILL are unwilling to work with homeowners.

I had a man reach out to me last week when he found my blog; being foreclosed on by US Bank who will not answer his questions, nor apparently help in any way. He tells me he lives in a neighborhood that many homes are vacant and going unattended to because of banks that forclosed. Makes perfect sense....NOT.

"Criminal charges may be next for big banks" November 13, 2014 article in USA Today. Those of us crushed by them, can only hope. "Traders from JP Morgan Chase, Citigroup, HSBC, Royal Bank of Scotland, UBS, and Bank of America shared information about the foreign exchange trading activities of their firms clients and colluded on strategies aimed at manipulating benchmark exchange rates....." The article goes on....almost like the mafia.

It is very sad the control they have over the American public. #getoutofdebt #nobigbanks #fraudsters

Tuesday, July 8, 2014

Housing outlook

"One of the foremost economists covering the housing market is Celia Chen with Her latest U.S. Housing Outlook, just released. Here is a summary of her key projections:  As employment conditions improve, pent-up housing demand will be released.  Home sales will remain at 5.5 million this year and accelerate to 6.4 million in 2015.  Credit remains tight, but mortgage lenders are expected to ease in coming months.  A smooth recovery depends on the Federal Reserve‚s ability to manage interest rates higher.  The U.S. housing market will rebound in the second half of this year and will strengthen further in 2015.  Demand will pick up, and a slender inventory of desirable homes for sale and tightening rental markets will jump-start residential construction. Strong demand will keep house prices appreciating.  A healthy housing market has substantial positive downstream effects on the broader economy.  Homebuilding drives job growth, while homebuying and growing housing wealth drive consumer spending.  Rising house prices also benefit credit quality. Gains in sales and property tax revenues help fill state and local government coffers.  These forces will boost overall economic growth, which will in turn fuel stronger demand for housing."

Monday, June 9, 2014

Housing market

"Americans' concerns about the direction of the economy and their household income appear to be weighing on housing growth, according to results from Fannie Mae's May 2014 National Housing Survey. The share of respondents who still believe the economy is headed in the wrong direction remained at 57% last month, and those who said their household income is significantly higher than it was at the same time last year decreased by 4% to 21%. Although respondents' attitudes toward housing have been generally positive during the past few months, their reluctance to enter the home buying or selling market has restrained activity below typical seasonal trends. These are likely the reasons some potential homebuyers are returning to the wait and see attitude that helped squash the market in 2011 and 2012."

Wednesday, May 21, 2014


 "Credit Suisseon Friday became the latest big bank to admit wrongdoing to the Securities and Exchange Commission, striking a deal over its failure to comply with a cardinal rule of the financial industry.
The bank, based in Zurich, was accused of advising clients in the United States without first registering at the S.E.C. Credit Suisse paid $196 million to settle with the federal agency, which requires banks and other firms that offer investment advice to comply with basic registration rules."

Another bank and fraud=shocking, NOT