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Forum Post: Bank of America CEO speaks about foreclosures made rapidly

Posted 13 years ago on Oct. 8, 2011, 2:42 p.m. EST by elemoine1957 (0) from Atlanta, GA
This content is user submitted and not an official statement

http://act.alternet.org/go/11854?akid=7681.315487.Uu-4G7&t=4

3 Comments

3 Comments


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[-] 1 points by MJT (138) from Phoenix, AZ 13 years ago

This thursday, 10.13.2011 A call to action: close all BofA and Merrill Lynch accounts! vote with your money, since the polls don't work.

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[-] 1 points by MiMi1026 (937) from Springfield, VA 13 years ago

All people have to do is stay in their homes.Don't be afraid of the banks.This to should be another moverment.

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[-] 1 points by lyn123 (123) 13 years ago

That is difficult to draw an opinion on. I feel for the people who bought responsibly and just lost their jobs or have health issues/bills. Too bad that our system didn't regulate this properly and require greater %s down. I have a neighbor who lives in a 1.4million dollar home and he's now in his 2nd year of default- the 1st yr./ first mortgage and the 2nd yr./loan re-modification. I actually feel bad that he lost his business but if he was required to put down 20% he could have sold his house respectfully when he lost his company. Being that there was and is no equity, he just lives it out. The bank doesn't seem to want the house because it is in such a terribly unpopular price point. So he lives there in a 9000 square foot mansion while I pay my mortgage in half the home across the street. The whole thing just makes me sick!

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