My Fondest Wish: Wells Fargo’s Lies Exposed & Its Doors Closed

Bank of America Lied to Homeowners and Rewarded Foreclosures, Former Employees Say

“Bank of America [ed: Wells Fargo, Chase, Citi, Ally] employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.”

This headline and the revelations of wrongdoing that follow it came as no surprise to the hundreds of thousands of people who tried in good faith to re-negotiate their mortgage contracts with BofA.

I can’t help wondering when the the courts or the Justice Department or Congress will wise up and realize that 1) all the big banks did exactly the same thing (some coincidence, huh?) and that 2) it happened on their watch with their complicity and every one of us who went through it knows that and will never forget.

I couldn’t be happier that Bank of America is getting its dirty laundry aired, no matter how token any “punishment” is likely to be. I have to say, thought that personally, I’m looking forward to the following headline, the fact of which I know to be totally and completely true:

Wells Fargo Lied to Homeowners and Rewarded Foreclosures, Former Employees Say

or, maybe, to be more current and absolutely factual:

Wells Fargo Is Still Lying to Homeowners and Rewarding Foreclosures, Former and Current Employees Say

Because, of course, in spite of the tens of thousands of complaints filed and letters sent to attorneys general and elected officials and “regulators” and miles of published accounts by news outlets from small to global, the banksters are still hard at work pretending they can’t possibly figure out how to modify a mortgage loan.

How do I know? I still hear from people every week who are being jerked around by banks still playing the ridiculous delay-and-deny games. It’s sickening and heartbreaking. This sort of corporate arrogance and government complicity is a recipe for the downfall of not only the U.S. economy, but indeed of the nation itself.

I only hope that in my lifetime I get to see the headline I really crave:

Wells Fargo Has Screwed Its Last Customer; Corrupt Corporation Closes Its Doors Forever 

What headlines would you like to read?

Congress Does Nothing Again; Pissed When President Does Something

 So, if Congress is busy playing its little power games and chasing corporate money, who exactly is doing the business of running the country? Seems the President is trying to get a few useful things done before the next multi-billion-dollar-fiasco formerly known as an election.

So, of course, a bunch of under-achieving Republican legislators say he’s overreaching, giving himself imperial powers like a king. And Speaker Boehner is going to take time from his busy tanning schedule to sue the President for, you know, governing and doing stuff the American people might be interested in like making sure we have roads to drive on.

Oh, and by the by, if you’re still trying to get out of foreclosure with your shirt, well, Congress didn’t exactly help you there. In fact, by their inaction (their favorite pasttime) they may very well have given your shirt, your right arm and your first-born to — you guessed it — the bank. By failing to extend the Mortgage Debt Foregiveness Act, Congress left who-knows-how-many folks in foreclosure or negotiating short sales up the creek with a leaky canoe. Your tax dollars and your vote at work (not).