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VIDEO: Bank of America’s Trick or Treat Predatory Lending Scheme

October 31, 2011 7:07 pm by: Category: Predatory Lending A+ / A-

Happy Halloween!  There is nothing spookier than the big banks profiting off of millions of illegal foreclosures, taking billions of dollars in taxpayer funded bailouts and then funding predatory lenders who prey on our neighbors.

 

Many of you have already said, “Enough is Enough!” and signed the pledge to “take it back” and move your money away from big banks. Please join us by clicking here to take the pledge.

 

There are countless reasons to be spooked by the big banks. In Virginia, we are particularly concerned about the big banks funding the predatory lending monsters that prey on our communities.

 

Right now, big banks like Bank of America borrow money from the Federal Reserve at less than 1% interest, lend it out to predatory lenders at 3%, who turn around and lend it to our communities at 400% interest or more.

Big Banks Help Themselves to your Money

It's outrageous and one of the greatest wealth-stripping schemes of our time. Watch the video and take action today!

Instead of bolstering the middle class with small-dollar loans that would strengthen our communities, Bank of America has decided to back legalized loan sharks who prey on working-class Virginians.

Watch the Video Today and Take Action to Stop Bank of America's Scary Support for Predatory Lending

If enough people speak out, they just might listen.

 

Have a wonderful, safe Halloween!

VIDEO: Bank of America’s Trick or Treat Predatory Lending Scheme Reviewed by on . Happy Halloween!  There is nothing spookier than the big banks profiting off of millions of illegal foreclosures, taking billions of dollars in taxpayer fu Happy Halloween!  There is nothing spookier than the big banks profiting off of millions of illegal foreclosures, taking billions of dollars in taxpayer fu Rating:
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