Thursday, January 28, 2016

Sending A Message To The Bank Of America

EVERY TIME I RECEIVE a snail mail offer from the Bank of America, "my bank", I rejoice, and seize the opportunity to respond, using the self addressed postage paid envelope they provide. My responses are never what they want or expect, I assume. I assume they want to open my response and find that I have accepted their kind offer for life insurance, home refinancing, luggage, or what the hell ever. Any scam will do. "Thanks but no thanks", I usually begin, "but for the time being I prefer to refrain from being scammed by convicted felons." For a flicker of a moment I wonder who will open and read it; somebody will, and I wonder about their reaction. Our American corporate masters are indeed audacious - they seek incessantly to exploit in the most nefarious, indirect ways, erstwhile piously claiming to be acting only in the best interests of you, the valued customer. My beloved Bank of America. Every few months the federal government walks in, and announces: "we have you on fraud, again." As usual, the B.O.A. responds with something like: "We understand that. However, our competent team of highly paid corporate attorneys, most of whom have law degrees from Harvard, can extend the litigation indefinitely through legal maneuvering. This can go on interminably, beyond the life of most of the currently living, certainly beyond the patience of the Securites and Exchange Commission, and we can thus sap the very strength out of the government litigation. Would you like to talk?" "Sure, we'll talk", invariably say the feds, and so they talk. The most recent plea deal, involving a complaint involving derivatives, weapons fo financial mass destruction as Warren Buffett calls these sleazy, convulated instruments ,resulted in a plea deal of seventeen billion dollars, up from the usual billion or so. But this was several months ago now, and no SEC filings are in the offing, so, my message must be getting through.

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