FAQs
I'll add to these as time goes on..
There are about 10 very relevant questions/answers in the Addendum for the Letter to Governor Hogan.
There are about 10 very relevant questions/answers in the Addendum for the Letter to Governor Hogan.
Question 1
Question: How did Bank of America get this many people to act in such an deviant manner?
Answer #1 : I have no f---ing clue. From a general humanity perspective, it was f---ing disgusting.
Alternate Answer(s):
Answer #1 : I have no f---ing clue. From a general humanity perspective, it was f---ing disgusting.
Alternate Answer(s):
- Hire people who do NOT understand finance, as such, they don't know how naked they are when following directions
- Hire people who believe they will be protected from prosecution, no matter how guilty they look when they get cauht
- Hire people that can be controlled thru black mail
- Hire people that are under mind-control
- Hire people that can be put under mind control
- Group Hypnosis
Question 2
Question: Why did you decline the offer for the payment reduction?
Selfish Answer(s):
Service Related Answer(s):
Had this been an event isolated to me (had there not been a "HELOC Crisis" transpiring), I would likely have taken it and walked away
- They offered to give me a $1900/month payment vs the $2600/month payment if I signed a non-disclosure agreement
Selfish Answer(s):
- It only partially addressed my displeasure with the payment increase. I deserved a renewal or most certainly a shot at a renewal.
- As a small business man, a HELOC with a renewal option is critical for a small man's "working capital account". Without access to a HELOC with a renewal option, the concept of doing small-scale real estate development become much more cumbersome and costly.
- I do NOT like seeing people get away with abusing other people.
- I'm passionate about helping individuals to explore freedoms that only sole-proprietors and small entreprenuers can experience, and the lack of a banking product that is approriate is a HUGE problem for others that are following in my footsteps.
- I got caught in the dotCom bust in 2000, a real estate crash in 2007, the mortgage crisis of 2008, and now the HELOC crisis in 2015. As a solitary, insignificant, self-employed citizen, I'm tired of building up financial wealth and cash reserves only to lose it in contrived banking crises (especially when they run on 7 year cycles). For-profit banking is inherently flawed, and this situation with BofA has put me on a mission to [expose] our "banking problems" before starting over yet again on my little nest egg.
- I do NOT like non-disclosure agreements
Service Related Answer(s):
- I'm passionate about helping individuals to explore freedoms that only sole-proprietors and small entreprenuers can experience, and the lack of a banking product that is approriate is a HUGE problem for others that are following in my footsteps.
- 750,000 other Bank of America customers would be left to fight this Big Company vs Individual consumer fight. That just isn't right.
- 3.3 million other Citizens are left fighting this Big Company vs individual consmer fight. That just isn't right.
Had this been an event isolated to me (had there not been a "HELOC Crisis" transpiring), I would likely have taken it and walked away
Question 3
Question: Why did Jeopardy have a question that said HELOC's cause people to lose their home?
Answer: Because in their derived configuration HELOC Agreements are causing people to lose their homes, BUT as stated on the home page, these are NOT PURE HELOC AGREEMENTS. A HELOC that is not contrived for bankers gain is the best consumer credit product on the planet.
Bankers have used the media and this deviant word game trick to annihilate the word "HELOC", turning consumers against what was and should be the most "beneficial" consumer credit product that ever existed. A HELOC isn't causing homeowners to loose their home, a DERIVATIVE BANKING PRODUCT that has been hidden under the term HELOC is causing consumer destruction.
Alex Trabec needs to come up to speed on modern banking realities. Hopefully he'll issue a clarification on this matter once this is all resolved, as he has quite a viewer audience and unknowingly, he played right into the bankers PR campaign by reinforcing very bad ideology. The psychology behind the long term goals of this entire scam runs very, very deep.
Answer: Because in their derived configuration HELOC Agreements are causing people to lose their homes, BUT as stated on the home page, these are NOT PURE HELOC AGREEMENTS. A HELOC that is not contrived for bankers gain is the best consumer credit product on the planet.
Bankers have used the media and this deviant word game trick to annihilate the word "HELOC", turning consumers against what was and should be the most "beneficial" consumer credit product that ever existed. A HELOC isn't causing homeowners to loose their home, a DERIVATIVE BANKING PRODUCT that has been hidden under the term HELOC is causing consumer destruction.
Alex Trabec needs to come up to speed on modern banking realities. Hopefully he'll issue a clarification on this matter once this is all resolved, as he has quite a viewer audience and unknowingly, he played right into the bankers PR campaign by reinforcing very bad ideology. The psychology behind the long term goals of this entire scam runs very, very deep.