letters and counting!
Hello, I just want to share a bit of my story with you so that you may get a glimpse of what it is like to be part of the 99%. Due to the recession, my father lost his job and was unemployed for almost a year. During that time, we were in serious jeopardy of losing our house. As a college student, I could only work part-time and contribute little to help with expenses. I don't understand how you can expect us to put up with unfair practices that force people to choose between buying food and paying the bills. During this time, we were forced to live off credit cards while you were making millions of dollars, money that you do not even need. Carla Rodriguez 11421
Dear Joe, I see you are President of Small Business Banking. I am a small business account holder at BOA. After being laid off a few years ago from a decade marketing career, I decided to become self-employed and start a small business. I eventually realized the need for a business credit card to rent cars and book flights for business trips. I have PERFECT credit, am fortunate to have savings, and I have no debt. I was shocked to have been informed by a cold BOA letter I was declined. I had told my small business banker to please contact me if I were declined for any reason so we can make alternative plans (i.e. secured card). He never contacted me and did not return my emails. This shocked and perplexed me. It was humiliating. A credit union gave me a business credit card. IMPORTANT: Although I am struggling to rise up to a more comfortable level, I do feel blessed and fortunate, so this experience really made me concerned for people who do NOT have savings and/or perfect credit history like me. HOW WILL THEY DO IT??? How can THEY be given the opportunity to contribute to the recovery of our economy? And if BOA can’t help someone like ME, WHO DO YOU HELP??? There are MANY other reasons, but this one personal experience especially makes me empathize with this movement. I have not closed my account but am closely monitoring how BOA responds to this wake-up call. Sincerely J.E.
Dear Mr. Pandit; I want you to know that it took me over 2.5 yrs to get a Rate Modification on my current mortgage with Citigroup. It was such a tremendous hassle , it was incredable but I went through with the process because I am despreately trying hard to keep my home. I will say that after 2.5 yrs of applications and hurdles Citigroup did modify my mortgage rate, however you renigned on the original terms you quoted me. You quoted that my rate would be reduced from 6.5% to 3.2 % which would have been very helpful, but instead you reduced the rate to 4.5%. big difference but in any event, I accepted your graciousness. However 3 months after you increased my monthly payment by $500 because you feel I should add additional funds to my escrow account. Unfortuately, this put a tremendous strain on me and in my efforts to keep paying my mortgage on a timely basis I tried to pay half the mortgage payment with every pay period as I get paid every 2 wks. I attempted to make half payments on line but was unable to because bank would accept full monthly payment. I personally went to the Bank and was told that I have to make the entire payment or instead enroll in an EZ Payment Program. To join this incredable EZ payment Program which would allow me to make 2 payments a month I must pay $350.00 enrollment fee. Sounds like this is a bit inconsiderate since all I want to do is pay my mortgage on time the best way I can pay on a timely basis is to join, but I cannot join unless I agree to pay the $350.00 fee. But of course, Citgroup cannot pass up yet another opportunity to generate another fee. Because I did not agree to pay the $350.00 fee which I can use to pay the dentist, or buy books for my son in college, or put food on my table, or pay off credit cards, I am behind on my mortgage and in addition to the mortgage which I will have to wait to pay during my next pay period I will be accessed an LATE FEE, regardless if I tried to pay you on time the best way I could. I guess that no matter how you look at it, the Bank never loses. They always win. And you wonder why the people are upset???? If the banks received gov’t support to avoid bankurptcy, why can’t you pay this forward and help those who need help as well? Please know that regardless, I refuse to pay the $350 fee to enroll in your EZ Payment Program. i do not care if I go under, but I will NOT pay it. This is Flagrant GREED, GREED, GREED. When will you stop this Flagrant GREED?
Dear Charles, I almost feel bad for you guys. I mean who would’ve thought a tiny little $5 fee on debit cards would cause so many problems! People love their debit cards and $5 to all of you is like, stepping over a dime on the sidewalk right? Too bad that for most of us $60 a year is oh I don’t know, a Christmas gift our kids wouldn’t get? And more than we want to hand you, especially because we can also do the math and figure out that’s a pretty big pile of cash for all of you when you add it up. Next time you come up with a similar great idea, run it by a regular trying-to-make-ends meet person. I’ll be happy to help in any way I can. Well, for the right price of course. I have bills to pay. Sincerely, Molly in Ohio
My beautiful mother has worked hard all of her life. She thought that it would be beneficial to her if you were bailed out because you had control of her retirement pensions. Boy was she wrong. She desperately wants to, and deserves to retire but now she can’t. I blame you personally, and I hope that you understand what it’s like someday to want something good for someone other than yourself. What if it was your mother? Have some morals, and understand this: No profit is worth more than someone’s life. Seek help, and seek peace. My one wish is that you will suddenly become blessed with the sight and vision you have never had, and look around at the suffering of our country and realize you have caused it, but you can turn around become a part of the solution, instead of the problem.
Dear Sir: I have a 14yr, old 8th grader, straight A student…I wish for him a United States that is not only Free from Corporate Control of Congress, but fair from Corporate fleecing. I am a nurse, also Licensed to write Health & Life Insurance…I work only on comission….it is tough here because people can barely afford any insurance, myself included….something is very wrong when a Company profits 2.9 Billion in a quarter. My dad spent 80 days in a fox hole in Anzio, Italy….he was instrumental in making this country what it truly is….FREE…but not the Freedom it represents today….when the 1% wealthy, are climbing on the backs of people like myself, and talking $635.00 away from my son’s education….to boost their million-dollar bonus…all due respect sir….don’t you think something is wrong. I’ve been brought up by the Greatest Generation, our home is paid, I pay off my Visa every month, but I’ve nothing left over to save. I’am not saying that you are not a good man, only the Lord knows that…and know that, “The seed that leaves your hand never leaves your Life.” Galatians I can’t afford insurance on myself….I pay $407.00 quarterly for my son, I would crawl over broken glass to keep him safe & warm. The one thing I ask of you is to examine your Heart, it is the one place where the true answer is revealed. I would just like to be able to have a saving’s account of 1% of what you made this year on a bonus. It would be lovely to take a trip to Nebraska to visit my daughter, and not worry about enough money for gas….(she serves our country 13yrs. now). “I ultimately still believe that man is Good.” Sorry I borrowed from Ann Frank’s Diary….my son is studying this in his English class. Please open your heart…their in lies the answer. I knew these protests would happen, I only expected that it would of been sooner. They are CORRECT. “A Christian is someone who gives of himself.” Thank-you for your time.
Stop lining your bank accounts at the expense of the other 99% of people who actually do the physical labor of feeding housing etc. of our country. When you die they don't have pockets in caskets. You came into this world naked and you will go to your hereafter naked. Adelia Vachon 32696-3958
Student Debt | 0
I am a mother and college graduate from 1970's. Fortunately for me college was not that expensive and jobs were plentiful. Our children and now our grandchildren are paying the price. Our country needs an educated public and we have to pay for it. It is past time, we need to forgive these debts and encourage our children to continue in their need to educate themselves in order to qualify for a job. Our rich need to step up to the plate and PAY THEIR SHARE. Peggy Zimmerman 98256
JUSTICE | 1
Your message here. Tell Wall Street how you feel. WE BAILED YOU OUT AND PROTECTED YOU..NOW PLEASE RETURN THE FAVOR AND EXECUTE FAIRNESS AND TRUE JUSTICE ROBERT&MARY SWAIN GRAND RAPIDS, MI 49506
The Common Good | 1
I know it is not within the DNA of the powerful to agree to share power or of the rich to decide to settle for a little less so that the wealth of the nation might be more equitably available to all who would work for it. Ambition for wealth and power rarely leave space for thoughts of the greater common good or ethical behavior. But please know that there is a tipping point at which you can no longer distract the mass of distressed, unfairly treated citizens with fears of terrorist threats or the encroachment of big government, or with the bread and circuses diversions of American Idol and hot new 4G apps. The hurt is real, the frustration is real, and the truth about how people have been victimized by the greed and manipulations of the men and women in corporate offices is being revealed. After all, there is a market for good, honest journalism too. Soon, the people you have bought legislative seats will not be able to keep them. There is a majority of people who now want to unseat the people who resist honest change. They will have their day. Mark Gallagher Cape May Point, NJ 08212
Economy | 0
At age 75, we have seen the activities of banks, Wall Street and corporations for a few years. The "Greed is Good" view since the 1970s has not only taken its toll on the minds of the Boomers but taken the entire country down a path of distruction. CEO pay, is disgusting, companies make their money on the backs of their employees and investors, giving very little back. I personally am sick of seeing tax deductions for planes, cars, credit cards, art work for the office, vacation retreats and corporate meeting sites in exotic locations. Corporate salaries need to be paid on performance, shared by the entire working staff and not just the people who take credit for everything; not to mention paying a CEO a huge compensation after firing him/her. If they didn't know how to run the company, how many secrets do you think they could share? Enough is enough. I hope America wakes up and realizes they do not have to put up with the corporate culture. Donna Lee & Gregory von Falkenberg-Ridley 98236
RE: The Economy | 0
Things are going to change, you will no longer be able to rob the masses. Tim Daniels Naperville, IL 60540
We do not have much but we will protect what we have. Jerry Olson 50174
Your greed | 0
Your greed means that I don't have a job, nor a home. My son doesn't have one either, and my son in law lives in another state, away from his family...just to put food on the table. My food now comes from food stamps - something I avoided for 65 years. Your greed breaks up families, kills the American dream, and impoverishes us all. Your greed wastes our resources, pollutes our air and water, and kills. Please change your ways, and join the human race. You are killing all life kj Karen 97520
I was a temporary office worker. In 1996, my salary was roughly $17.00/hour for an AA position. In 2011, the same position, if available, pays about $12.00/hour. Inflation has skyrocketed since then, although the ptb say otherwise. For the past few years temporary work, and just about any office work has diminished. There are three adults living in my household and none of us can find employment. Barbara Shaffer 20895
Her mother had her name put on the bills without her permission and when she found out her credit scored was destroyed and the house foreclosed. They had to give up both of their dogs and they are moving out. I am a Wells Fargo customer, but after hearing this story I am switching to a credit union. Have a nice day.
losing a home | 0
Why must my brother lose his home while you execs live the life of Riley. Please modify peoples loans based on their income. Don’t just say sorry you can’t afford it. Make it fair! How has he already paid in interest?
Sir, Thank you so much for undermining the global economy, the American Middle Class, the value of my house, our Representative Democracy, and virtually everything else that makes America a great place for actual People to live, in the interests of accumulating more wealth that you could possibly know what to do with. Enjoy my money! If there is ANY justice in this country, law enforcement officers should soon be coming after it. Yours, Patrick Moctezuma
The decision for mergers and account closings does more damage than the big bankers know. The Bank of America purchase of LaSalle Bank Chicago for 21 billion dollars ruined my life. And how many others? It closed a small business to make it “look good” for the sale and I was financially ruined because the business owed me money. I had gutted my kitchen, literally by hand with the help of the whole neighborhood, only to find out that all of the appliances I did in trade for months of work were gone. I had to max out my credit cards to get out of the big mess, and now I’m in a bigger mess. It is taking the USA and small business owners down. I tried everything to fight and no one from Bank of America even called me back or returned my emails desperately asking for a fair appraisal of my situation. The little guys (and women) are being run over! Just how much damage was done? Based on my true story, I’m writing a movie. (And darn, I like happy endings.) Bank of America? Really?
Modification | 0
Gee thanks for helping me out you modifie my load after denying me 13 months and of course ruining my credit. Shutting my credit card off to increase the damage to my credit and than when you do modify my loan the condition to it is that i pay you a whopping $50,000 at the end of my 30yr loan of only $80,000. Don’t quite get it but i’m glad my tax dollars of over $5,000 helped bail you out
I've been trying to sell my house for three years without success. I'm 83 and wish to move into an assisted living facility. The market is flooded with foreclosed and abandoned houses...and you know why! Thomas Arbanas 92365-9120
I fought the evictions in low-income NY neighborhoods that your bank financed through predatory real estate equity firms. Then I found out you financed your way into being speaker at my graduation. I helped organize a contingent to stop that. I failed then but I have a much bigger contingent now. Wall St is our street. Jonathan Hogstad Class of 2010 Columbia School of International and Public Affairs
Wednesday | 0
How are you? How do you sleep at night knowing your company is responsible for so much suffering? Best, RM 33135
I found out recently that Wells Fargo is one of the biggest contributors to organizations like the CCA who build private prisons that make more money the more people they incarcerate. And laws like SB1070 make it super easy to fill those private prisons with “illegal” immigrants. Well I’ve got news for you: no human being is illegal. And if you keep making money off of discrimination, you’re going to get in even bigger trouble. I’m from the University of Florida. Your banks are all over our campus. Get American’s money out of the prison business, or risk losing OUR business. Peace, pal.
Hi Brian! I hope you’re having a great morning! My day could have gone a little more smoothly, truth be told. I would love to share why— This morning, on my drive to the office, I had the unfortunate duty of calling several banks to inform them that, although I am a college-educated full-time employee in a “white collar” position who does not live an extravagant lifestyle by anyone’s standards, I would be unable to make my expected payments this month. Why am I unable to pay my rent and auto loan on time? Why was there no money available in my checking account when the Department of Education’s loan sharks attempted to suck the lifeblood from it? Well, Brian, for my (ten year old) car (which I will not technically own for another year) to pass New York State inspection (so that I may continue going to work to pay aforementioned bills), I needed approximately $900 in work done. I have never, not once in my life, been able to save $900. That is my rent money. That is my food money. That is my gas bill, my insurance, and my phone bill. I don’t even have cable. Or internet. I work 40 hours a week, and can barely afford to buy socks. The 4 years spent in a state-subsidized diploma-mill were all for naught, as I graduated in 2008— right on time to watch the dominoes of our financial system begin toppling (THANK YOU FOR THAT ONE!). My lasting impression from the American higher education system is not a good one, as I bitterly punch the clock at an IT job completely unrelated to my field of study. Now I am a slave to the debt I racked up for a degree that is essentially standard-issue and, while I do not hate my job, it is mind-numbing and does not ignite any passion. If I continue on this road, I will never get ahead. After three years of salaried employment (a salary my peers in their parent’s basements openly envy) I have made absolutely no progress. I am barely comfortable. There is no joy what I am doing, but am terrified of losing it. The fear of financial ruin keeps me frantically running this hamster wheel, making just enough in one of the richest countries in the world, and wondering if this is really the next 40 years of my life. If I am really living the American Dream. So, while things could probably be a whole hell of a lot worse, my Wednesday would be much nicer if it were your Wednesday, if you see what I mean. Anywho, have a mimosa for me. You deserve it. Cheers!