If you have a chance to pick up the new issue of Rolling Stone please do so. Not for the cover story on Bruce Springsteen, but for the article from Matt Taibbi.
Too Crooked to Fail is an article regarding the scary monster we call Bank of America and all of the illegal, immoral and downright criminal things that they have been up to. It’s pretty scary stuff! People we are talking billions of dollars if not trillions!
At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time.
Did you hear about the plot to rig global interest rates? The $137 million fine for bilking needy schools and cities? The ingenious plan to suck multiple fees out of the unemployment checks of jobless workers?
Take your eyes off them for 10 seconds and guaranteed, they'll be into some *** again: This bank is like the world's worst-behaved teenager, taking your car and running over kittens and fire hydrants on the way to Vegas for the weekend, maxing out your credit cards in the three days you spend at your aunt's funeral.
They're out of control, yet they'll never do time or go out of business, because the government remains creepily committed to their survival, like overindulgent parents who refuse to believe their 40-year-old live-at-home son could possibly be responsible for those dead hookers in the backyard.
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We will be discussing this today on the next Real Estate Pros radio show on WPSL 1590 AM. Not local? No problem! The show streams live online here.
Call the show this morning from 11 to noon at 772-340-1590 and tell us your thoughts.
Have you been a victim of a banking debacle or perhaps you are a BOA customer or have a mortgage with them. Have you had success or failure in dealing with them regarding a loan modification or short sale? If the bank is indeed struggling, as many are indicating, are they too big to fail?
Let us know on the air or leave your comments below.