Quotulatiousness

December 22, 2010

In Soviet America, bank robs you!

Filed under: Bureaucracy, Economics, Law, USA — Tags: , — Nicholas @ 12:19

All joking aside, how is this allowed to happen?

The NYT reports on a growing phenomenon of wrongful foreclosure by US banks on homeowners who are caught up on their mortgage payments — and on homeowners who have no mortgage at all. In some cases, homeowners return from vacation to discover their locks changed and their every earthly possession sent to the dump (one woman lost her dead husband’s ashes when her bank burgled her ski chalet). Prominent in the list of banksters who rob innocent people of their homes and all their belongings? Those upright guardians of morality at Bank of America, who have decided that their customers can’t choose to contribute to Wikileaks’s defense fund.

H/T for the headline to commenter “Doramia“.

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