WATCH: Pissed Off Family Forecloses On Bank Of America
Since Moynihan says BofA does God's work.
Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff's deputies foreclose on the bank. It started five months ago when Bank of America filed foreclosure papers on the home of a couple, who didn't owe a dime on their home. The couple said they paid cash for the house. The case went to court and the homeowners were able to prove they didn't owe Bank of America anything on the house. In fact, it was proven that the couple never even had a mortgage bill to pay.
A Collier County Judge agreed and after the hearing, Bank of America was ordered, by the court to pay the legal fees of the homeowners', Maurenn Nyergers and her husband.
So, how did it end with bank being foreclosed on? After more than 5 months of the judge's ruling, the bank still hadn't paid the legal fees, and the homeowner's attorney did exactly what the bank tried to do to the homeowners. He seized the bank's assets.
UPDATE - Jon Stewart did a segment on this story:
Earlier today:
Moynihan: We're Doing God's Work At Bank Of America
Reader Comments (2)
Of course, fear of the Bar regulators should not be a surprise. U.S. Supreme Court Justices Douglas and Black predicted that mandatory Bar associations would be used to control lawyers, prohibit challenges to the establishment, and cover up misconduct by powerful interests. See their dissents in Lathrop v. Donohue, 367 U.S. 820 (1961) at http://supreme.justia.com/us/367/820/case.html beginning at 866. Unfortunately, it looks like their predictions were accurate.