Posted on 03/14/2011 7:21:34 AM PDT by SeekAndFind
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You can find them here: bankofamericasuck.com
Remember, at this point, we can't verify whether they are legitimate or not, but Gawker's Adrien Chen, who has sources within Anonymous, suggest there's something real to the leaks.
Anonymous says the emails deal with BofA's mortgage practices, but the source is not an employee of Bank of America proper -- the source is a former employee from Balboa Insurance, a firm which used to be owned by BofA.
Click here to see what Bank of America says about the emails >
As you will see below, we believe that the evidence that is supposed to be so damning is a series of emails showing that employees of Balboa asked for certain loan identifying numbers to be deleted, and they were.
Anonymous said late Sunday evening, however, "this is part 1 of the Emails." So perhaps more incriminating correspondence is to come. And to be honest, these messages could be incredibly damaging, but we're not mortgage specialists and don't know if this is or isn't common in the field. The beauty is, you can see and decide for yourself at bankofamericasuck.com.
But for those who want a simple explanation, here's a summary of the content.
The Source
The ex-Balboa employee tells Anonymous that what he/she sends will be enough to,
crack [BofA's] armor, and put a bad light on a $700 mil cash deal they need to pay back the government while ruining their already strained relationship with GMAC, one of their largest clients. Trust me... it'll piss them off plenty.
(Excerpt) Read more at businessinsider.com ...
This does not exactly sound like something no one suspected.
Seems unbelievable they would put “damming” information in EMAILS but then there has been SOOOO much stupidity in that business.
What should be investigated by a Congressional committee is how much Bank of America made by selling mortgages that were in arrears to Freddie Mac, thus sticking the taxpayers with the impending defaults and foreclosures. There is collusion here that needs to be brought to light, and someone should be prosecuted.
I believe such sales were by design to keep BoA solvent and still offering credit, which is a part of the reason when things like food stamps are mentioned as welfare, so should some of these mega corporations be mentioned in the same breath.
Rule of thumb regarding email: If it’s likely to embarrass you, or if you don’t want to have to explain it in front of Congress or a judge, do NOT put it on email.
Simple as that.
BAC stock crashing a whopping one cent so far today.
I hope this BOA story doesn’t leave ML in a lurch.
If the emails start to get discussed in substance, if there are congressional hearings, if there are class action stockholder lawsuits filed (which there will be); then expect the stock to take a real hit.
Until then, they are just the crooks we know.
Why? ML stuffed their clients with worthless MB securities and Bank America was a huge bank for illegals. They should get what Arthur Andersen got - corporate death penalty.
My ex-wife and I refinanced our house in 2003 (before she threw me out in 2005). She’s used the house as a weapon against me in custody, child support, etc. She and I had a contract where she was supposed to be out in 2006. She didn’t live up to that, and continued to bash me with the house (”I’ve got the house and it’s the only house the kids have ever known, so don’t take them away.”) I can’t get a house of my own with my new wife.
The company we refinanced with was consumed by BoA during the financial mess. Countrywide.
Last year, she was supposed to have the house foreclosed on in September. BoA decides 2 weeks before her hearing to suspend foreclosures due to “Improprieties” in the foreclosure process. Not her foreclosure, mind you as she was more than 7 months behind on her payments (which, as you could imagine have critically impacted my credit). A few weeks later, we were informed that they were back to business. So, the date was in December. And about a week before, another revalation by some idiot at BoA. So, again, on hold until January. January, whoops. ANOTHER revelation from BoA. Now, we’re scheduled for April. And this? Jeez.
How many more of these delays does it take? She hasn’t paid on her mortgage for more than a year now.
Are they going to put the delays in place AGAIN?
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