Complaint Review: First Niagara Bank - Johnstown New York

Robert, where have you been the past decade? These banks have been making billions of dollars on the backs of the middle class! You don't think they make 25-30% on investments? You better learn your facts before making your assesments! These banks made much higher intrest-that is just an average! They are indebted to Wall St just as any other investor might be. They make their money investing your money! There were many funds on Wall St that paid 50% returns and higher from the mortgage industries. These banks were the same crooks who gave out the mortgages so they could reclaim enormous profits on Wall St! Now, you and I pay off their debt and they continue making their profits! Let it also be known that your assessment of who could get mortgages is totally ludicrious and without merit! Go to Yahoo Real Estate Foreclosures and click on Florida or one of the hard hit states like California, Nevada and others. What do you see Robert? Oh Yeah, 99% of these foreclosures are multi million dollar homes! Is that where you live Robert? I suspect not, and the reason BUSH-your Republican hero bailed out Wall St was because all the millionaires and billionaires in this country were well on their way to "total destruction" because of their GREED!!!!! What about the credit card issues Robert? Have you read about the scams involving credit cards over the past decade? Read your contract clauses yet? Did you know the bank can raise your intrest out of site because you were one day late on your garbage collection bill? How is that any business of the bank? And who in this society appointed banks supreme ruler and legislator of new laws? Banks are simply out of control because once again, the REPUBLICAN GREED and their master of disguise, George W Bush terminated all of the regulatory instruments that watched over these greedy people. The REPUBLICANS signed their own death certificate with this latest crisis for years to come! I sincerely doubt we'll see any REPUBLICAN in office for quite some time!

""I hope folks are reading this and stepping up to the plate! I wrote this article on 08/23/08---long before the present day crisis! Was I right or wrong folks? What happened on Wall St? The largest insurer in the world--AIG???? Lehman Bros?? Merril Lynch??? Morgan Stanley???? Washington Mutual???? Just to name a few! Believe me, this is just beginning!"" What these financial institutions hold in common is that they have billions of assets in WORTHLESS paper for bad MORTGAGES-mortgages that NEVER should have been granted. There was a time when banks and other lenders wouldn't hesitate to DENY a home loan to someone with poor credit or low income. That changed in 1996 with the Equal Credit Opportunity Act (hint: Bill Clinton and Democratic Party controlled House and Senate.) After enactment, lenders granted mortgages to folks with crappy credit or low income. The lenders granted these loans in fear of being called "racist" or "bigots" if they didn't grant the loans. ""Get your assets OUT of the MEGA banks and either get yourself a fireproof lockbox or a air tight container you can bury some place! "" FDIC insures individual accounts for up to $100,000. Even if the bank fails, you get your money-your account assets are protected.

""I hope folks are reading this and stepping up to the plate! I wrote this article on 08/23/08---long before the present day crisis! Was I right or wrong folks? What happened on Wall St? The largest insurer in the world--AIG???? Lehman Bros?? Merril Lynch??? Morgan Stanley???? Washington Mutual???? Just to name a few! Believe me, this is just beginning!"" What these financial institutions hold in common is that they have billions of assets in WORTHLESS paper for bad MORTGAGES-mortgages that NEVER should have been granted. There was a time when banks and other lenders wouldn't hesitate to DENY a home loan to someone with poor credit or low income. That changed in 1996 with the Equal Credit Opportunity Act (hint: Bill Clinton and Democratic Party controlled House and Senate.) After enactment, lenders granted mortgages to folks with crappy credit or low income. The lenders granted these loans in fear of being called "racist" or "bigots" if they didn't grant the loans. ""Get your assets OUT of the MEGA banks and either get yourself a fireproof lockbox or a air tight container you can bury some place! "" FDIC insures individual accounts for up to $100,000. Even if the bank fails, you get your money-your account assets are protected.

""I hope folks are reading this and stepping up to the plate! I wrote this article on 08/23/08---long before the present day crisis! Was I right or wrong folks? What happened on Wall St? The largest insurer in the world--AIG???? Lehman Bros?? Merril Lynch??? Morgan Stanley???? Washington Mutual???? Just to name a few! Believe me, this is just beginning!"" What these financial institutions hold in common is that they have billions of assets in WORTHLESS paper for bad MORTGAGES-mortgages that NEVER should have been granted. There was a time when banks and other lenders wouldn't hesitate to DENY a home loan to someone with poor credit or low income. That changed in 1996 with the Equal Credit Opportunity Act (hint: Bill Clinton and Democratic Party controlled House and Senate.) After enactment, lenders granted mortgages to folks with crappy credit or low income. The lenders granted these loans in fear of being called "racist" or "bigots" if they didn't grant the loans. ""Get your assets OUT of the MEGA banks and either get yourself a fireproof lockbox or a air tight container you can bury some place! "" FDIC insures individual accounts for up to $100,000. Even if the bank fails, you get your money-your account assets are protected.

""The next day I go to the post office and I have several overdraft notices each for $30! My online bank payments came to $530! When I went to school $500 over draft protection plus $116 account balance came to $616! Someone tell me if my addition is incorrect please???"" You forgot to figure in the OD FEES. Yes, overdraft protection means that the check your wrote will be PAID, but YOU will be assessed a FEE for the bank (or credit union) doing so. This is true at almost every bank. Very few, if any, banks offer FREE OD protection (without requiring a high minimum balance in another account with them.) ""And keep in mind these MEGA BANKS are still making the 25% and 30% plus interest rates and giving you 2%-3%! How's that for GREED!!!"" Really? How? I've dealt with T-bills for over 20 years and I don't recall the interest rate for T-bills ever approaching such interest rates. If you're refering to the interest rates for loans, credit cards, and the like the majority of those interest rates are well below 20%. The majority of bank customers DO NOT pay the "default" interest rate on credit cards.

I wrote this article on 08/23/08---long before the present day crisis! Was I right or wrong folks? What happened on Wall St? The largest insurer in the world--AIG???? Lehman Bros?? Merril Lynch??? Morgan Stanley???? Washington Mutual???? Just to name a few! Believe me, this is just beginning! The government has been "BS"ing the public for years! The system is BROKE, we are heading into another great depression (actually we are already there) and the bottom is falling out! Now the government has the audacity to use taxpayer dollars to bail out these theives! By the way, the tactic is totally illegal under our constitution because government CANNOT be in any form of business other than government! Correct me if I'm wrong but I believe they stated they now OWN an 80% stake in AIG! Someone explain it to me please! Get your assets OUT of the MEGA banks and either get yourself a fireproof lockbox or a air tight container you can bury some place! These outlaws along with our corrupt government is about to leave the little guy "high and dry"! Forget about the "intrest" because they give you squat next to what they make on YOUR money!