In the interests of full disclosure, I have been a “banker” for eleven years. That is to say a volunteer (no pay or emoluments save one free meal at our annual meeting) on the loan committee of a small credit union. In that time, I have reviewed several thousand loans.
I’m also on the board of directors, so I get to know all about foreclosures, late payments, write-offs and deadbeats.
In all that eleven years, I nor any of the other folks at the credit union have ever held a gun to anyone and made them walk in the door and fill out a loan application.
So this Marxist bullsqueeze about the “evil bankers” is a bit tiresome to me.
Yes, borrowers have rights. And so do the owners of the capital.
Furthermore, a paid off loan cannot be foreclosed upon. Merely show up with the documentation and that will be the end of that.
And if bank personnel are forging documents and perjuring themselves, lawyers will be lined up to go to court.
There is a huge difference between small banks and what the large banks are doing and have done.
The big banks are largely run by socialists who fully support redistribution of wealth. They openly support BO and his agenda.
In your time as a ‘banker’ how many times have you forged someones signature? How many times have you submitted fraudulent documents that you attest too but have not even read to a court?
Do you think those 3 major banks would have frozen foreclosures if they didn’t have major problems? I’ve worked with them and have seen their lack of morals first hand.