MikeK
Gold Member
Imagine returning from vacation and finding the locks have been changed on your house. Then you climb in through a window and find all of your furnishings and possessions are gone.
You call the police and they tell you they can't help you because the First National Bank of your town has mistakenly foreclosed on your house and the contractor the bank hired to effect the foreclosure has removed and disposed of all your belongings.
That is exactly what happened to Katie Barnett of Wellston, Ohio.
Adding insult to injury, the bank's president has indignantly refused to reimburse Katie for losses based on her claim because she cannot produce receipts -- which were removed along with everything else she owned!
The first thing that must be understood about this amazingly offensive but absolutely true story is the audacity of this banker is the direct result of newly-elected President Obama's egregious failure to take appropriate criminal action against those bankers who are responsible for the illegal maneuvers which substantially contributed to the near collapse of our economy. Instead of seizing those banks and prosecuting their offending executives, Obama simply handed them an $850 billion bailout and allowed them to walk away grinning.
So instead of fending off a million dollar punitive damage lawsuit, this banker is audaciously refusing to pay what is a perfectly reasonable compensation for the outrageously careless actions of the bank's representative contractor who effected the wrongful break and enter ("foreclosure").
This incident is evidence of what life in America is coming to. Wealth in America has evolved to nobility. This unquestionably is the kind of behavior which is expected from tyrannical royalty. The wealthy do as they please and the ordinary citizen/subject has little to no recourse.
Ohio Bank Forecloses On Wrong House - Business Insider
You call the police and they tell you they can't help you because the First National Bank of your town has mistakenly foreclosed on your house and the contractor the bank hired to effect the foreclosure has removed and disposed of all your belongings.
That is exactly what happened to Katie Barnett of Wellston, Ohio.
Adding insult to injury, the bank's president has indignantly refused to reimburse Katie for losses based on her claim because she cannot produce receipts -- which were removed along with everything else she owned!
The first thing that must be understood about this amazingly offensive but absolutely true story is the audacity of this banker is the direct result of newly-elected President Obama's egregious failure to take appropriate criminal action against those bankers who are responsible for the illegal maneuvers which substantially contributed to the near collapse of our economy. Instead of seizing those banks and prosecuting their offending executives, Obama simply handed them an $850 billion bailout and allowed them to walk away grinning.
So instead of fending off a million dollar punitive damage lawsuit, this banker is audaciously refusing to pay what is a perfectly reasonable compensation for the outrageously careless actions of the bank's representative contractor who effected the wrongful break and enter ("foreclosure").
This incident is evidence of what life in America is coming to. Wealth in America has evolved to nobility. This unquestionably is the kind of behavior which is expected from tyrannical royalty. The wealthy do as they please and the ordinary citizen/subject has little to no recourse.
Ohio Bank Forecloses On Wrong House - Business Insider