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And Hillary just gave a speech to the banksters…
and she said words…
All captured regulators seem to really capture is dust and the occasional wrist slap.
Bad bank. Slightly smaller bonus. See you next week.
Redlining is squarely in trump’s wheelhouse. He committed the rental equivalent, and was sued by the justice department, and he lost. When he went right back to doing it again, Justice sued a second time, and he lost again.
Imagine. the time and energy that it took to find all the ways Rump and his minions could screw over minorities. Imagine what could have been achieved instead. When you think about it, that’s a a double negative.
Best confirmation of his racism yet. A dedication to the task.
Old Fred would be proud of this in particular given historical analogs.
But after complaints from Bank of America, the OCC’s investigation stalled by September 2018. The OCC, which is part of the U.S. Treasury Department, never sanctioned the bank.
This is my shocked face.
Oh, no, wait. That’s the “numb” face.
Or maybe “comatose”. It’s getting hard to tell, these days.
C’mon, it’s a heritage preservation policy./s
Well, when you place career bankers into bank regulatory agencies in leadership roles, the regulator becomes captive to the industry it is charged to regulate. Gee, who’d have expected that?? The OCC has been captured since 1/20/17 in case anyone cares.
Better watch out, would-be discriminators. As Eddie Murphy warns, “we have lots of makeup.”
All Americans below the 0.01% are discriminated by them. **
ALL…The POC part is much worse, but the WM/WF part is far worse than it has to be
The tragedy of racism is that this goes unnoticed, thus making Americans self-enslavers.
If people in this country were indistinguishable by manufactured stigma, why, then, would almost half of the electorate crave the social stratification oppression the 0.01% levels against all of us?
**
In complete sentences. And paragraphs.
This has been visible from the BoA in our neighborhood for at least the 14 years we’ve lived here.
Amazing that capitalist types would pay a shrill socialist to speak at their conferences.
While using her hands to emphasize a point now and again. And she probably wore a pants suit…that you can take to the bank.
In a statement, Fifth Third said: “The intent of Fifth Third is to be in full compliance with all fair lending regulations. MB Financial had a similar intent.”
Their intent did not consult with their practice of discrimination. It’s like words have no meanings anymore.
So much so that it is now officially known as orangelining.
Slightly OT: My first mortgage, many years ago, was bought by what was then NationsBank (now part of BofA. They ran a grift with the escrow account. Per the mortgage agreement, I had to escrow two months of taxes and insurance, which amounted to about $500 (the good old days!). Over time, they repeatedly demanded additional deposits into the escrow account, until the balance was nearly $5000.
After six months of phone calls and letters, in which I documented their malfeasance, they agreed to drop the escrow requirement entirely and returned the balance to me.
Some time after that I received a form letter from some law firm which was pursuing a class-action case against NationsBank for their abuse of escrow accounts.
The more things change . . .
Same thing happened to me at B of A. Only to find out later that there was a RICO case going against them; we ticked all the boxes for this case. That was settled against them and then they promptly did it again; case dismissed. Go figure.
