07.19.12
Usury Blues
Today you fought the bank … and the bank won.
In over the transom, a suggestion to read a woeful story on the nature of Pasadena’s division of Satan Bank, OneWest.
I’ve walked by OneWest every day at lunch for the past three years. At one point I used to notice signs proclaiming it to be some sort of friendly community bank. This was all so much horse-shit.
Today you automatically expect a tail of evil and perfidy whenever the subject is a bank. In the US and much of the world banks are havens for criminals, a super Mafia constantly gaming the system, rigging the rules, putting fingers on the scale, swindling everyone everywhere.
This is no longer opinion, just straight statement of fact from the daily news of the past few years.
The site I’m about to direct you to is Bankster Law! It deals with my corporate neighbor, OneWest in Pasadena. The author relates his grinding battle with IndyMac and OneWest in Pasadena over a home construction loan. Yes, they are as bad as you think.
The trouble begins when IndyMac begins to fail — it’s money is all gone — and it starts misleading customers while short-changing them. The author finds IndyMac has reneged on the construction loan, declaring it complete with the house still unfinished.
Want to learn something of the system? Read Bleak House by Charles Dickens. You can download or read it on Gutenberg. Do you want to have your soul (and money) drained by Mr. Vholes? Do you want your mind stolen like poor Flite? Do you want your home to go to rack and ruin like Bleak House?
An excerpt, on “Bankster Psychology:
Deadbeat peasants won’t pay their bills! Let us pretend that the economy has nothing to do with people’s ability to pay. And let us also pretend that the bankster stealing doesn’t have anything to do with the economy! And let’s ignore the deadbeat bankster bailout, that has NOTHING to do with anything!
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The peasantry is being programmed by the banker run media to be selfish and jealous of others. So that when one is ripped off, others do not care. Why should you have a free house, they are trained to ask. As if your paying will make their paying more bearable. Wouldn’t it be wiser to ask why the bankers should be able to print free money at everyone’s expense.
And on OneWest:
My trouble with Pasadena began when I was given a loan from the original IndyMac Bank, FSB. Honestly, I liked most of the people I talked to from that bank. Those were the good old days when bankers did not hide their last names. When if you had a problem, a Vice President would give you his cell phone number and tell you to call him at home if necessary. This is when many of the California bankers had sunny Cali-style personalities and were not just churlish brutes. I only remember one lady that sounded like a goon, and I’ll bet you she is still working there at OneWest Bank …
[Later] OneWest Bank takes over. A filthier set of churlish thugs you cannot imagine. It seemed that they liked to call people even before payments were overdue in order to demand money …
Bankster Law! Read it.
Employee reviews of OneWest at Glassdoor.
Trust is essential to all financial transactions. When trust evaporates – or is smashed to oblivion through reckless and self-serving behavior at megabanks – the consequences can be dire.
The severity of the financial crisis in fall 2008 can be directly attributed to the collapse of trust among financial institutions. Cheating on Libor was not the only cause of this collapse but – if Mr. Bernanke is right and market participants knew what was going on – it must have contributed to it. — today, in the New York Times.