Bank of America was bailed out by the government, but has done little to improve its ways with consumers with its outrageous fees and foreclosure practices. Sister Barbra Bush, a housing counselor in Ohio, came to the meeting in North Carolina to tell shareholders that struggling homeowners lose their homes because they do not have a single point of contact. Andrea Luquetta, from the California Reinvestment Coalition, called out Bank of America for violating the Home Affordable Modification Program (HAMP), a foreclosure relief program sponsored by the Obama Administration.
A representative from the Office of New York City Comptroller also came to the meeting and urged Bank of America to review its foreclosure practices.
All of these pleadings fell on deaf shareholder ears, and cries of “theft, fraud, and felon” rang through the meeting until the microphones were shut off. Bank of America can shut off the microphones but they can’t stifle the frustration of the American people who have no tolerance for corporate greed.