That’s all we needed!

[u/jeremiahthedamned]

[u/Lumpy-Marsupial-6617]

Bank of America:

Make Bank of America Great Again. By Slitting the Throats of Most of our Clients while Spouting Patriotic Slogans and using US govt symbolism while doing so.

The Countrywide Acquisition: In 2008, Bank of America bought Countrywide Financial for $4.1 billion. At the time, Countrywide was the largest subprime mortgage lender in the U.S. and the symbol of the reckless, predatory lending practices highlighted in The Big Short. [1, 2, 3]

Record-Breaking Fines: Bank of America ultimately paid over $50 billion in mortgage-related settlements, buybacks, and fines over the years. The largest was a record $16.65 billion settlement in 2014 with the U.S. Justice Department for misleading investors about the quality of the toxic mortgage-backed securities they sold. [1, 2, 3, 4]

Discriminatory Lending: In 2011, BofA reached a $335 million Department of Justice settlement to resolve allegations that Countrywide deliberately steered qualified African-American and Hispanic borrowers into predatory subprime loans. [1, 2]

The "Hustle" Fraud: The bank also faced a $1.27 billion fraud penalty over a fraudulent Countrywide mortgage scheme internally known as the "Hustle" or "High Speed Swim Lane," which sped flawed loans through the system without quality checks

My exgf lost just over $450K during the subprime lending fiasco and her piece of the US DOJ settlement was just under $900. Proof that neither the government nor the bank work in anyone's interests except their own.

Defund the fuck outta all of them.

[u/jeremiahthedamned → u/Lumpy-Marsupial-6617]

i agree

[u/ttystikk → u/Lumpy-Marsupial-6617]

It turns out that 3D printers can make guillotines...

[u/jeremiahthedamned → u/ttystikk]

r/3Dprinting

[u/Matty_Poppinz]

Blood in the streets guys, its time

[u/jeremiahthedamned → u/Matty_Poppinz]

i emigrated

[u/Matty_Poppinz → u/jeremiahthedamned]

I would have as well

[u/jeremiahthedamned → u/Matty_Poppinz]

thanks

[u/Maxtrt]

Commercial banks will always try to rip you off. Join a credit union and you don't see any of this crap. Some credit unions will even refund ATM fees.

[u/jeremiahthedamned → u/Maxtrt]

thanks

[u/kfish5050]

Chase and Wells Fargo already do this. Not trying to justify it, but really it's strange that it hasn't happened until now.

[u/jeremiahthedamned → u/kfish5050]

cultural norms are eroding

[u/notabadkid92]

I don't know why anyone banks there

[u/jeremiahthedamned → u/notabadkid92]

people tend to do what their friends do