Posted on 03/18/2021 9:28:49 AM PDT by wac3rd
Standing in line today at the credit union, I over head this conversation: I wants to know how I gets my new mortgage on house I just bought paid by my unemployment check which gets sent to this credit union. The mortgage be with a bank.
So I am thinking, how does one get a mortgage approved when someone is unemployed?? Or is someone getting unemployment while having other income. BTW, the Bank is BofA.
The banks and government know that they can continue to print money, until we are Venezuela or Zimbabwe...or Mexico.
Cloward and Piven Strategy to collapse the economic system and then implement Communist rule to keep us in-line. When you have the electricity, fuel and food, you wield a ton of power. Gun-less, hungry and unemployed people will pretty much sell their souls for a bowl of soup, especially if you have kids. Look at the inner cities and rural counties, most are on the dole and have no way off of it. It’s sad, but according to plan.
Special illogical financial responsibility privileges for non persons of color....
Excellent points.
Much of the housing crash in the 2000s was when banks freely signed onto totally insane mortgage deals for people who couldn’t-—and didn’t——come through. Many of the nice foreclosed houses now have Section 8 people living in them for practically free (small honorarium paid).
I closed my 25+ yr old account with b of a after the stunt they pull on jan 6th. as far as I’m concerned, they can go f themselves
Closed my last BoA account last year.
I’m happy now.
Closed mine in 2019. Moved all accounts. No credit cards or any cash in there. Used to work there, back 20+ years ago, too. A PC-loser-Commie-Crony-SJW organization.
I think you may be right.......sounds sensible to me but when any organization of color/feral gooberment is mentioned I automatically revert to thinking what I did. I hate the big banks and it’s good enough for them.
Yes I remember that.......something about FannieMae and FreddieMac.......two of the gooberments more successful catering to a certain class?...../s
One major lesson I’ve learned over the years is “it’s never enough.”
Tell you what, this lefts destruction of the economy has been going on longer than I thought......but thinking back YEAH! Trump exposed tried to do something about it and in doing so he put a target of every Deep Stater on his back. I hate Demonrats/DeepState/RINOS/Moderates......the list goes on
Wokeness apparently hath its limits. Good on Banco de las Americas, Citigroup and Wells FargoBargo for showing a glint of sanity.
I did the same thing with Wells Fargo......once in closing our account, the other in having their names attached to servicing credit with Dillards....a card I had for eons that I have no more. It’s so stupid for me to even have a credit card......I charge something like Macy’s/Dillards/PalaisRoyal then come home and pay the things off.........I’ll just stick with American Express. Been with them since ‘77 and you pay as you go and I don’t wanna know how woke they are cause they never get a penny’s worth of interest outta us anyway. I can’t remember the last time my balance was under 2500.00. Some of our auto-debit and Hub ordering everything from soup to nuts for the household every month, ordering take out and such. It’s nice to shop from the comfort of one’s recliner......;)
I paid off the credit card with b of a. Also paid off the second mortgage years ago. The only reason I got with b of a in the first place was countrywide. It is my opinion that b of a should not have the right to call themselves the Bank of America.
Same here, you can add the unions to that.
ONE color-blind qualification standard is adequate - more than adequate...
I have left BoA now after their comments last year and previous comments on gun control. My last few dollars were there to cover any outstanding purchases. They lost someone who had enough to be a preferred customer but have I heard from them? Not a word.
lol - banks want us to vote to save them from cancel culture they themselves funded and encouraged? that’s cheeky.
https://www.villagevoice.com/2008/08/05/andrew-cuomo-and-fannie-and-freddie/
And going further back, CRA:
The Community Reinvestment Act was enacted in 1977 (by D House, D Senate and D President Carter). Congress found that banks have an obligation to help meet the credit needs of their local communities, including low- and moderate-income neighborhoods.
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