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(Vanity Fair)   Anonymous releases documents that they say proves that Bank of America is guilty of corruption and fraud   (vanityfair.com) divider line 144
    More: Obvious, Bank of America, United States, Jack Dorsey, tracking system, insurance policy, Richard Ashcroft, frauds  
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17703 clicks; posted to Main » on 14 Mar 2011 at 4:24 PM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2011-03-14 04:48:10 PM

meat0918: This could be real, in which case BoA will suffer


Funniest thing I've read all day.
 
2011-03-14 04:48:16 PM
As far as leaks go....this is so far a 1 on a scale of 1-10.

Nothing good yet......
 
2011-03-14 04:49:03 PM
*sigh* I miss Bloom County...
 
2011-03-14 04:49:12 PM

mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.


Credit. Union.
 
2011-03-14 04:49:42 PM

mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.


Local credit union.
 
2011-03-14 04:49:49 PM

Chagrin: Bohemian: They were foreclosing on homes that didn't even have mortgages and never had one with B of A previously... Move your money.

Why bother moving your money if they'll still foreclose on you anyway?


Lower your personal risk and stop feeding the B of A beast.
It is sort of like leaving an addicted abusive spouse.
 
2011-03-14 04:50:33 PM
Pftt,

This will result in nothing for BoA. Some mid level flunkies may be used as a scape goat while the CEO and other execs walk with no issue. I mean, only they have talent to manage such a large organization to profitiability, but you can't actually expect them to know what their organization is doing. Its one thing to take credit and bonuses for the 'good' stuff that your massive and impressive skills and insights guide a company to greateness. Its another to take the fall for what, you as an might and all knowing executive, can not possibly know your flunkly AVPs are doing. Its just not fair.

Also, there will be laws passed to make this kind of release illegal, or more so. I would not be surprised if tactics and laws that were only supposed to apply to terrorist will be used to catch the Anon 'criminals'. After all, civil asset forfeiture was only dreamed up to prevent drug cartel leaders from mounting a competent defense. No reason to think that all these new surveillance powers will only be kept for evil mooslim turrists.
 
2011-03-14 04:51:10 PM

lohphat: mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.

Credit. Union.


whippersnapper: mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.

Local credit union.


These.
 
2011-03-14 04:51:56 PM

mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.



A lot of Farkers in these threads have been talking about going local, like with a credit union (for people who have one near them). I've considered switching to a credit union near my house. But to be honest, I haven't really had too many BS issues with WF lately.
 
2011-03-14 04:52:29 PM

Cpl.D: Can someone who is more anon atm than non anon atm give details, here? Is this thing real? And is this all there is?


You said atm twice
 
2011-03-14 04:52:31 PM
Ha.

I'm all done with BoA - got refi'd elsewhere, I've cashed my escrow refund check, have my PMI refund in hand.

I still expect to be foreclosed on from them by June, but, hey. I can hope.
 
2011-03-14 04:52:49 PM
Market: YAWWWWNNNN

BAC flat in AH trading
 
2011-03-14 04:53:55 PM
AcneVulgaris [TotalFark] 2011-03-14 04:40:11 PM
aiiee: I really hope so. Those assholes have to be stopped.

They own the government. The only thing that will stop them is bullets.

Done hoping for change?
 
2011-03-14 04:54:15 PM

meat0918: Oh, and there is a futility to trying to take out an amorphous group like them, as there is no leader, but any hacker or leaker they catch will be posted like they are some evil mastermind.


I foresee a lot of Anonymous number twos being taking into custody in the future.

Fitting and humorous really.

Also, if you wanted to pick a fight that could never be won in order to expand your own power and flow resources to your friends...
 
2011-03-14 04:54:24 PM

mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?


A local credit union.
 
2011-03-14 04:54:49 PM
Chase Manhattan put forced coverage on my loan once even though I provided them my proof of coverage several times. They weren't applying my payments and then tried to foreclose on me. I refinanced to get out of the nightmare and specifically asked not to be placed with Chase...got Chase of course.
 
2011-03-14 04:55:26 PM

The_Gallant_Gallstone: mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.

Yeah... but why keep your money with the bank that sucks the most?


Oh, I agree. I wasn't arguing against moving your money from BoA. I was just wondering what people had determined to be less sucky. I suspected local credit unions, and it seems that suspicion was correct.

I'm going to have to look into my local credit unions a bit and see what they have to offer.
 
2011-03-14 04:55:47 PM
I predict that...nobody will go to jail
 
2011-03-14 04:56:01 PM

TiredWings: Forced placed insurance is about 4 to 6 times higher premium amount coverage only put on a mortgage acct after about 90 days in lapse of proof of coverage on an account. The customer usually receives 4 to 5 letters asking for proof to be sent in before coverage is placed. It's costs are so high because its sight unseen coverage, the property is not inspected before it's put on. Even after it is placed it can be removed once evidence of existing coverage is received.

/Former Mortgage Banker


They were apparently just slapping on the coverage after deleting their insurance record so some people got no letters etc. Getting this removed is probably not that easy since B of A has a track record of being impossible to get a human capable of actually doing anything.
 
2011-03-14 04:56:12 PM

wingnut396: This will result in nothing for BoA. Some mid level flunkies may be used as a scape goat while the CEO and other execs walk with no issue


That's more valuable than you know... it's like when the cops get a mid-level drug dealer to flip on his superiors. Not saying that it's a guarantee, but if someone gets sacrificed, that individual might have some more dirt to contribute.

Given the civil forfeiture stuff you mentioned, it would take a ballsy (or spiteful) individual to come forward. But you never know... anything that corrodes internal morale at a veritable Leviathan like BoA cannot be a bad thing.
 
2011-03-14 04:56:49 PM

cig-mkr: What timing, with everything going on in Japan and the middle east, this story will be a non event. No one will go to jail, won't collect $200. The main stream media will sweep this to page 12 of the local section of your newspaper. Too big to fail!


And the government's earthquake machine averts yet another financial disaster for American Business.
 
2011-03-14 04:59:07 PM

mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.


I just switched to a credit union. Soon as I verify that my direct deposit made the leap, it's vaya con dios biatches.

Wonder if it would be more satisfying to do it in person or over the phone?

I do hope they ask me why I'm leaving so I can laugh at them .
 
2011-03-14 04:59:24 PM
I closed my BoA checking account the other day; I was getting tired of policing my BoA account for $20 service fees that I was not supposed to get.

Moved my money to another large commercial. It will probably be equally sucky, but it will be a new kind of suck, with a different look and feel to the website.
 
2011-03-14 04:59:26 PM
I feel like the only person in the country who's had pleasent experiences with Bank of America and doesn't regret getting a mortgae through them...
 
2011-03-14 04:59:38 PM

mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.


I've had dealings with both Chase and Capital One with nothing bad to say about either

/YMMV
//BoA can diaf
///Never held an account with them and they've tried screwing me
 
2011-03-14 04:59:39 PM

Space_Poet: There is a possibility that this is the exact counter leaks BoA talked about releasing in order to discredit further leaks. I'm hoping not but this just seems very suspicious, why risk going with Anon and exposing yourself possibly?



That would be about the stupidest thing that BoA could do. That would backfire on them soooooo hard.

But I just don't think it's very realistic that BoA would fake a leak of documents incriminating themselves in illegal or immoral practices. It's just not at all realistic. Way too "movie company" of a way for them to act and not "actual IRL company".

The marketing department would never allow it. No CEO, no matter how much of a farkwit, would allow it either. They'd get their brand publicly associated with illegal and immoral practices and they'd know they wouldn't be able to get the genie back in the bottle. Many people would end up believing it was true anyway.
 
2011-03-14 04:59:57 PM
Vanity Fair? and you all think its for real?

...wow
 
2011-03-14 05:00:17 PM

Hobodeluxe:

yeah this could be an HBGary faux leak.


Those are for closers!
 
2011-03-14 05:02:15 PM
Popcorn meme is dead. Died of a heart attack back in '10.
 
2011-03-14 05:02:58 PM
Anonymous releases documents that they say proves that Bank of America is guilty of corruption and fraud

Should that be anonymouses or maybe anonymi?
 
2011-03-14 05:04:42 PM

OnlyM3: AcneVulgaris [TotalFark] 2011-03-14 04:40:11 PM
aiiee: I really hope so. Those assholes have to be stopped.

They own the government. The only thing that will stop them is bullets.
Done hoping for change?


I'll feed.

Yeah, I'm done hoping this administration will go after bankers. What do you suggest we do? And there is no option for me where I'd select 'vote for team R'.
 
2011-03-14 05:06:53 PM

a61sun: Vanity Fair? and you all think its for real?

...wow


Here's something a little more mainstream, if you prefer. We could even go extreme left with it, if that is more acceptable to your delicate sensibilities.
 
2011-03-14 05:06:58 PM

Cletus C.: Anonymous releases documents that they say proves that Bank of America is guilty of corruption and fraud

Should that be anonymouses or maybe anonymi?


That should be Anonymice, I guess
 
2011-03-14 05:07:08 PM

a61sun: Vanity Fair? and you all think its for real?

...wow


Broodwich was in Vanity Fair... Heidi Klum was on the cover. You telling me that's fake?

RobFMJ: I've had dealings with both Chase and Capital One with nothing bad to say about either


I hate to praise large banks, but Capital One has been pretty good to me.
 
2011-03-14 05:07:20 PM

mojotele: The_Gallant_Gallstone: mojotele: Those who are closing your BoA accounts: just curious, where are you moving your money? Another bank? Under the mattress?

Seems all banks suck these days.

Yeah... but why keep your money with the bank that sucks the most?

Oh, I agree. I wasn't arguing against moving your money from BoA. I was just wondering what people had determined to be less sucky. I suspected local credit unions, and it seems that suspicion was correct.

I'm going to have to look into my local credit unions a bit and see what they have to offer.


Seriously, do it. I don't have enough in savings to be too aware of interest rates, but when I got my car loan, it was night and day. I tried with the dealership first, and they made a big show of being "able" to get me a loan at 11.75%. Of course, that was contingent on my signing at that moment. I declined, and went over to my Credit Union.

It took some finagling, because I had little credit and am a "1099 Contractor," but when the agent saw my regular, steady direct deposits, she walked over to a corner office, and the manager approved my loan at 5.25%. The guy over in that office was able to push aside the basic equation that disqualified me and approve me on the spot.

I would never, ever go to another national/regional bank again.
 
2011-03-14 05:08:31 PM

a61sun: Vanity Fair? and you all think its for real?

...wow



Uh... what do you have against Vanity Fair? It's not Weekly World News.
 
2011-03-14 05:09:22 PM
Wait! Someone at Bank of America registers 439 "BankOfAmericaS*cks.com" style domains and they miss this one?

Someone's not getting their bonus this quarter

Link (new window)

/I bet they think that s*ck
 
2011-03-14 05:09:26 PM
Damn... it was in Vogue!

I should watch more ATHF
 
2011-03-14 05:09:35 PM
Nadie_AZ
Yeah, I'm done hoping this administration will go after bankers. What do you suggest we do? And there is no option for me where I'd select 'vote for team R'.

Organize your workplace and community, federate with other organizations, and eventually overthrow capitalism and the government and run society on principles of self-management and mutual aid?
 
2011-03-14 05:10:07 PM

mongbiohazard:
The marketing department would never allow it. No CEO, no matter how much of a farkwit, would allow it either. They'd get their brand publicly associated with illegal and immoral practices and they'd know they wouldn't be able to get the genie back in the bottle. Many people would end up believing it was true anyway.


Just change your name. Worked for GMAC... er Ally bank.

Call us crazy, but we think you can love your bank...
 
2011-03-14 05:13:00 PM
This is not news, at this point. Googling "Bank of America" only gets me two references to corruption scandal and even then with "Hackers Release..." in the headline.

Notice this.
The story is changed on us.

The story is not about how BofA has cultivated a culture of corruption and done bad things. The story is how those lovable Anonymous hackers made a funny website. Lets all give them a hand. How cool and hip!

Close my account? LOL! Not based on this.

/Spin is a fine and subtle art.
 
2011-03-14 05:14:53 PM
 
2011-03-14 05:17:41 PM
I thought wikileaks was meant to be releasing all this juicy stuff. Whatever happened to those guys?
 
2011-03-14 05:17:59 PM

Nadie_AZ: And there is no option for me where I'd select 'vote for team R'.


chez.mana.pf

/supports their "World Domination" plan
//upset with over a decade of failure capturing one Pikachu
 
2011-03-14 05:18:04 PM
Oh, and just to stand up for them, despite the name and the rep it may have had for being "Vogue-like," Vanity Fair does actually have some really kick-ass, serious, hardcore articles. Review a few issues and you'll see some real stuff in there.
 
2011-03-14 05:18:33 PM
BofA - what farking corksuckers. Mortgage was passed around like a cheap whore until it landed with them. Filed for a mortgage reduction because both spouse and I lost jobs and are working for minimum wage. They denied reducing our mortgage because we aren't in arrears. Apparently, if you're still paying your mortgage on time, you're not available for "Making Homes Affordable" mortgage reduction. Even if your monthly income is negative after other expenses.... And we're talking utilities - not incidentals or - what's that? Food. Then they let us know that, although our grace period of payment is the 15th of the month, if we don't pay by the 9th, they assess us a $6.00 late charge.
 
2011-03-14 05:24:55 PM

wingnut396: Just change your name. Worked for GMAC... er Ally bank.



That might be the logical damage control after the fact, but I find it highly unbelievable that a company's plan to fight possible future leaks would amount to, "release damaging leaks ourselves and ruin our brand". It just doesn't make sense in the real world.
 
2011-03-14 05:25:58 PM

a61sun: Vanity Fair? and you all think its for real?


Vanity fair is one of the last places that does actual journalism. It's not Vogue or Cosmo.

/happy subscriber for several years
 
2011-03-14 05:28:01 PM
And for you folks looking for a bank that kicks ass and is concerned about it's customers, I never worked for them, but worked with them quite often, USAA. You have to be former military or family of military, but they took care of their customers, former and current.

/Former Mortgage Banker....I think I would still be doing it if I could have worked for USAA...
 
2011-03-14 05:29:14 PM

WhyteRaven74: a61sun: Vanity Fair? and you all think its for real?

Vanity fair is one of the last places that does actual journalism. It's not Vogue or Cosmo.

/happy subscriber for several years


Yeesh okay okay!! Didn't know we had SO many VF fans here! Was just saying, it struck me funny being in Vanity Fair as opposed to something a bit more Business'y :D
 
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