Bank of America
announces it will help home 
owners with mortgage
bailout
Homeowners
once again outraged
By Hunter Thomas Published
October 21
Bank of America struck a nerve this week when it announced that it would
help distressed home owners who have fallen behind on their mortgage
payments. Brian Moynihan, Bank of America’s chief executive said that
since America had helped the bank with a bail out, that Bank of America
would return the favor. He and other executives came up with the bail
out plan after the company’s stock price fell following the announcement
of a five dollar surcharge on Bank of America Credit cards. Customers
complained, and we heard them said Moynihan following a recent golf
outing.
The program called operation 'light it up’ went into effect earlier this
week and has been touted as an extremely effective program that rids
home owners and the bank of mortgage problems that they have been
dealing with since the beginning of 2008.
Home owner Hank Peterson, was one of the first ones to sign up from the
program. ‘I knew it was too good to be true’. He said. ‘It wasn’t two
hours after I had signed up that this executive in a fancy suit shows up
at my house and asks us all to come outside to take a picture to
celebrate saving our home.’ Peterson told the Toast that after the
executive took the picture he went to his car and retrieved two Molotov
cocktails and threw them on the porch and then got in his car and drove
off. The home was completely destroyed in the fire.
Bank of America has not returned our calls, but did
issue this statement.
Bank of America has found a solution for not only Mr. Peterson, but also the
other 2,565,456 homeowners who have come to us for help and signed up for this program. It’s a meaningful program and we intend on
continuing it as long as
the insurance companies keep paying out.
Worldwide insurance fully reimbursed Bank of America for Mr. Petersons
loss.
