Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

Tool Time: BofA Pays for Borrowers' Silence

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
635 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Jan 27, 2012

The state of Arizona is accusing Bank of America is impeding a fraud probe against the state. The investigation was launched the state in 2010 looking into allegations that the bank had "repeatedly has deceived" homeowners who were looking for mortgage modifications. But Bank of America is making it is difficult as humanly possible for them to conduct the investigation. And it turns out they have just decided to go with straight up payoffs.

Link to this comment:

Share to:
see all

All Comments (13)

Sign In or Sign Up now to post a comment!
  • BOA is stesaling my home, they can't buy my silence, I can't be bought. They will see their masters home one day, along with all the people working for such an evil company

  • The "pettiness that plays so rough" (Bob Dylan) and thinks itself above such conventionalities as honesty rides on a full speed toward its destiny.

  • Alyona's tweet is awesome, the banks are a bunch of a-holes!!!

  • this seems to be the american way.arizona should have supoena'd some of the victims and gotten statements before giving the bank a heads up.alternatively,unless boa is prepared to adjust all the mortgages in question,then the state has plenty of witnesses.

  • Definitely obstruction of justice...

  • @Stevie68000 oh,give it up,you tool.

  • Wait, so who are the tools, really? BofA, or those who fail to see the big picture and accept the payoff?

  • Don't they do this in the settlement of lawsuits all the time? If you agree to a settlement then you have to agree to never discuss the terms of settlement with anyone.

  • Jewish bankers are parasite !

  • I believe Wells Fargo has done some pre-damage control as well, but not to the extent of BofA. For the new year of 2012 WF made a major change to their "Arbitration Language." WF account holders had to agree to the new terms which outline the fact that an account holder cannot take WF to court with a judge and jury, and in fact, made it so a person's only action is small claims court where the cap in the suit is limited, varying by state.

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more