corporateabuse.net

1. Jim

   What’s really sad is they will continue to rape the system, and then walk away with barrels of cash. Thanks to Henry Paulson, and his lack of skills controlling tax payer dollars

   Jan 24th, 2009

2. diggersstory

   All kids want is a future but it doesn’t looks too good for generations to come but what the hey…hail to the good old boys who have no heart.

   Feb 11th, 2009

3. Adelaide

   We all hope that some bank CEO will find the bravery to reverse their abusive policies.

   I call on all celebrities, anyone who can, to join in a boycott and 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 other than American banks. 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.

   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.

   In our thirties and with two babies in tow, my husband I built onto our first home. We pick-axed the trench, poured concrete, hammered thousands of nails, lifted 2 by 4’s; nailed window headers, installed a full bath, lifted tar rolls and shingles to the new roof, spackled, painted. That two-year process was back-breaking work, but my children got rooms and we began to grow financially. 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. So began my lessons with Bank of Amevil. Years of viciously tremendous MBNA interest fees never allowed us to decrease our debt with them. While MBNA made 100% profit for years on all of our payments, our balance just kept increasing.

   When we bought our final house, National City Mortgage held the loan. You can do all of the research you’d like in order to make an informed decision, but in the end, you will probably go with the advice of the “experts.”

   In 2007, my husband and I lost our home, all of our retirement, had to sell a car, moved three times within a year, sporadically go grocery shopping and usually have 10 or 2 items in the fridge, have ceased purchasing clothes even at the thrift shop, have canceled home phone, internet, my cell. Two bankruptcy attorneys told me that we could have easily qualified for full bankruptcy. My husband has been laid off. But for moral reasons, 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, just making it by pennies. This is a long, slow, painful, extremely stressful process, but we are trying and doing moral 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 the 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 these perpetrators. Good heavens, Chase charges monthly fees to just check your balance.

   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

   In Case you are interested in CEO bank salaires:

   Bank of America
   McGee, Liam = 12,153,000
   Desoer, Barbara = 10,532,500
   Price, Joe = 6,486,717
   Lewis, Kenneth = 24,844,000
   Total  $54,016,217 Savings = $52,016,217

   Citigroup Inc:
   Sir Winfried Bischoff Chairman = 6,130,390
   Vikram Pandit CEO = 573,813
   Gary Crittenden Chief Financial Officer = 19,369,506
   Sallie Krawcheck Chair and CEO = 9,918,267
   Lewis Kaden Vice chairman = 6,771,307
   Michael Klein CEO- Global Banking = 7,861,438
   Stephen Volk Vice Chairman = 9,825,936
   Charles Prince Former Chairman and CEO = 29,108,127
   Total $89,558,784 savings $85,558,784

   The Goldman Sachs Group, Inc.
   Cohn, Gary = 72,511,400
   Winkelried, Jon = 71,455,400
   Viniar, David = 58,467,100
   Blankfein, Lloyd = 70,324,400
   Total $272,758,300 Savings $270,758,300
   Morgan Stanley:
   John J. Mack Chairman and CEO = 1,602,458
   Colm Kelleher Chief Financial Officer = 21,015,689
   David H. Sidwell Former Chief Financial Officer = 14,608,693
   Robert W. Scully Co-President = 15,211,212
   Gary G. Lynch Chief Legal Officer = 11,899,964
   Thomas R. Nides Chief Administrative Officer = 6,333,148
   Total $70,671,164 savings $67,671,164
   Bank of New York Mellon Corporation:
   Kelly, Robert = 20,117,780
   Gibbons, Thomas = 5,424,500
   Rogan, Brian = 5,516,300
   Total $31,058,580 savings $29,558,580
   JP Morgan Chase:
   Staley, James = 16,747,600
   Scharf, Charles = 13,213,500
   Cavanagh, Michael = 8,286,340
   Black, Steven = 20,864,500
   Winters, William = 21,199,300
   Total $80,311,240 Savings $77,811,240
   Wells Fargo & Company:
   Atkins, Howard = 5,115,720
   Kovacevich, Richard = 22,875,000
   Stumpf, John = 12,568,917
   Oman, Mark = 6,420,160
   Hoyt, David = 6,381,130
   Tolstedt, Carrie = 3,993,751
   Total $57,354,678 Savings $54,354,678
   State Street Corp
   Hooley, Joseph = 10,322,900
   Phalen, James = 7,009,319
   Resch, Edward = 6,592,670
   Logue, Ronald = 28,345,000
   Total  $52,269,889 savings $50,269,889
   Total savings to tax payers = $687,998,852

   Mar 4th, 2009

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