@johnnymaga I thought he admires Nixon and was (perhaps still is) viewing Nixon as a role model. How come Nixon is prominently missing from this chart?
@NewYorkFed@federalreserve@FDICgov In the end, after extensive federal and state investigations, large national banks entered into pretty significant settlements with regulators for this compliance failure. As part of this settlement, large banks agreed to rectify these issues for homeowners who were wronged and harmed and to provide proper compensation to victims. It’s been almost ten years since then, and I thought large banks have already addressed these issues. So I was a little surprised to hear about this woman’s story yesterday. I hope Bank of America will help this woman out. It should be part of the settlement. @BankofAmerica
@BankofAmerica I attended a township board meeting in upstate New York yesterday and heard a woman defending herself against the charge of failing to maintain her house. She said that she was kicked out of the house in 2012 when her house was foreclosed by Bank of America. So she has always thought that she lost her house. But much to her surprise, after receiving this Notice of Complaint from the Township, she found out from the County Clerk that she is still the owner of record of that house, despite the fact that she hasn’t been back to that house for the past 11 years and the current occupant of that house would not even let her enter the house even though it is technically her house! 1/
What happened to this woman was not an isolated incident. Many homeowners became victims of this banking failure. Legitimate homeowners got evicted because records wrongly showed that their mortgages were delinquent, and people who were evicted still have their names on the record, like this woman. 3/
Let’s be honest. The lack of transparency on the part of China might explain some of this, at least initially. But if the US were to recruit European allies in putting all the blame on China, what’d be the theory for the gap between US and Europe?