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Search - Bank Of America, The Tortfeasor

Bank Of America The Tortfeasor
Author: Cory-Stubblefield, Melvin M. Belli

A Cordial Welcome is extended into the world and secrets of Sun Tzu, the innovator of the popular "Bait Switch Game". Discover the hidden secrets and never before revealed truths about the Bank of America--NMEC scandal; the events that destroyed many people, including the president and chairman of the Board of Bank of America and NMEC. Bo... more »fA's Sam Armacost, called the NMEC scandal, "that crazy mortgage thing never should have happened". BofA's Board of Directors called the scandal "their personal Pearl Harbor"--analogized after Federal Judge Tashima. This Book, however is not only about Bank of America, NMEC and Wells Fargo, it is also about the founders, the good and bad guys of the financial, banking, insurance world, and the corporate gurus who make up the pieces of the puzzle--from the early days of mortgage pass-through certificates, in 1977 to date. The methodology which Troy and Josie Cory applied to resolve the BoA--NMEC scandal, is, what you might call in he high tech world--as Motion with Devotion. You'll find there's as much as a thin-line between Bank of America and NMEC activities, as there is between Trust Deed and mortgage notes--for without one you might not have the other. The Banks Un-American Banking Activities in the 80s, promoted itself as the bank that -- "We Couldn't Have Done It Without You." But to Claire Giannini Hoffman, the bank her father founded in 1906, as the Bank of Italy, is doing an unflattering job on his memory. Hoffman, was an ongoing critic of Bank of America for much of her lifetime. She made a habit of contacting newspapers and radio stations condemning the wild and wooly ways of BofA, calling them "an insult to my father." "It is contemptible, what they are doing," the 89 year-old Hoffman would tell interviewers. "They are using my father's name and picture to promote their bank". She said the modern Bank of America does not represent the business philosophy espoused by her father. "My father believed that, if you helped people, eventually you would have people for friends, as well as customers." Hoffman, delivered a blow to the bank's image in 1985, by resigning her honorary seat on its board. It was over what she called, the "unpardonable" act of selling its San Francisco headquarters; the repossessing of trucks, automobiles and the homes and farms from our customers, in a time of need. Today's BofA, she said, "is just another bank. If it didn't have the same name there would be no similarity at all."

ISBN-13: 9781883644857
ISBN-10: 1883644852
Publication Date: 9/3/1993
Pages: 412
Rating:

0 stars, based on 0 rating

Publisher: Television International Publishing
Book Type: Hardcover
Members Wishing: 1
Reviews: Amazon | Write a Review

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