Bank Abuse

History has shown that the social injustices that have been partially corrected were begrudgingly done so only because of societal pressure. Denying female citizens the right to vote, denying human dignity to black citizens, actually making it illegal to teach a slave, refusing to pay reparations to victims of factory toxins. Cops who beat their wives getting the protection of the police force because of their code of silence. So many victims of fraud.

I remember my children saving their Christmas and birthday money in Bank of America, $15 dollars at a time. I was teaching them the value of saving money. Each child got their accounts up to $85.00. Bank of America never told me that the accounts had to be at least $100. So, my children’s gift money from relatives was taken by Bank of America, alias. So began my lessons with Bank of Amevil.

In 2007, my husband and I lost our home, all of our retirement, had to sell a car, moved three times within a year, I meter out medication, sporadically go grocery shopping, have not bought clothes for two years, have canceled home phone, internet, my cell. The MBNA interest were so exorbitant that we could not even make a dent in the amount owed. Two bankruptcy attorneys told me that we could have easily qualified for full bankruptcy. My husband has been laid off. Rather than make creditors eat all of the loans, we entered debt settlement.

Now in our fifties, we have started new. No longer with Bank of Amevil, our new credit life with this bank has been honorable. When we opened the account, they offered overdraft protection, which we have used. We make heroic efforts to pay it back. We’d like for our banking history with this bank to based on our clean, timely payments. We constantly sweat the threat of overdrafts and just making it by pennies. This is a long, slow, painful, extremely stressful process, but we are trying and doing our best.

However, this new bank found out about our settlements with past creditors, which have nothing to do with the new history we have established, like paying large amounts at a time back for the use of overdraft protection. With no warning, this bank lowered our overdraft protection and set into motion the likelihood of bounced checks, this time with the creditors with whom we have agreed to settle. Aside from the unethical dilemma in which this bank created for us, the new life of showing prompt payments and good faith, and now future creditors and those who check credit, potential employers, housing, it has been sorely damaged, again.

This unethical treatment of banks preying on those of us who are trying to rebound from losing everything and reestablish our lives must stop immediately.

When I got my undergraduate degree, I read of one theory as to why the ancient Roman Empire fell: their greed.

Corporate greed has long been out of control. Corrupt CEO’s and lobbyists are not only not penalized, they are somehow tremendously rewarded. But morality is not. Morality does not enter into their business practice with customers, though many customers, such as ourselves, use morality to guide our dealings with others, even businesses.

It is a shameful comment on our society that the business world has sentenced us to a legacy of immoral, abusive people.

The greedy have made it clear that money is the only language to which they will respond. Withdrawing it is the only pressure that may force them to stop what these perpetrators.

I am asking all celebrities, anyone who can, to withdraw your money from American banks. The speculation of banks folding compared with wanton, unethical treatment of good, moral people is a no-brainer. Withdrawing from banks is the lesser of the two evils. Use Swiss banks, any banks that you can. As one reporter said, the mattress is looking good right now. I do realize that many of you have already had to resort to that.

To those of you who, like us, have already lost everything, I wish you luck in your struggle to survive, without electricity, without credit, while banks abuse you and further knock you down.

Hopefully, you still have your family and your health. You do have something else. You are the final sounds of decency and morality in our society.

I invite you to reply and share your story of bank abuse.

Per angusta in augusta