Accepting My Subordinate Status, Albeit Reluctantly

MY HOME MORTGAGE, which was actually two home mortgages, was not exactly, shall we say, the sweetest deal on earth. I had a eighty-twenty, eighty percent first mortgage and twenty percent second mortgage, at eight and six percent, through the Bank of America. It started in 2005, when the market was hot, and dumb people like me were being lured into dumb deals by very smart, very large, very criminal corporations. But, I've managed to dig myself out of my B. o A. hole, and have gotten well ahead of the game, having already paid off the second mortgage. B. o A kept sending me snail mail offers to refi, then, when I applied, turning me down. But what would one expect from an organization which gets dragged into federal court several times a year, and fined heavily for fraud? The recent history of the financial services industry in America being what it is, namely, riddled with crime, failure, and public assistance, I thought it might be interesting to engage the nice looking young man with the Arvest name tag, siting in the recoup area post blood donation, in a friendly little chat. when he told me that my current lender, Nationstar, which bought my loan from the B. o A., was not likely to accede to my request to reduce my interest rate, because then they would have to do it for everybody, I bought it. But I shouldn't have. Hell, why not? Why not simply establish criteria, like, being well ahead on house payments, and giving a borrower with a well above market rate a break? They could, if they would. then, I got down. I pointed out the recent of large American banks gong to prison for various forms of creative financial fraud, and suggested to my nice young banker conversation partner that a bit of federal oversight, meaningful federal oversight not written by former and future employees of the financial services industry, might be in order. His response? that that might be all well and good, but that it would end up 'hurting the small banks", even driving them out of business, or, just as bad, rendering them easy pickins' for big bank take overs. Again, in the spur of my post blood letting moment, I nodded and smiled sweetly. total agreement, complete acquiescence. then, later, I was, like: what the hell? Federal regulation hurts small banks? No shit? Well then, why not simply write and implement regulations on banking practices which apply strictly to big banks? there's gotta be a way, aint there? but, I guess not- It just can't be done. there no solution, no power in the universe capable of making large American financial services corporations behave morally and financially properly, no way to avoid my problem, and the problem of everyone in the United States of Acquisitiveness who has not much money; the persistent condition of being owned, controlled, and exploited by the economic powers that be. All hail, Bank of America.