Wachovia Bank Bilks Milford Mom of $455.00 In Predatory Bank Fee's

With Trillions of our tax dollars being given to banks you would think that the cash in hand would be used to bail out struggling home owners, or those upside down on their mortgages but that is not the case.

The story printed in the Connecticut Post is only one of many reasons why draconian banking reform is required. Lori Anne Galligan, like most people in Milford struggle to pay bills and balance her budget, but our local Wachovia banks comprised of the worlds most evil people feel no crime is committed when they rob their clients of $10.3 Billion in overdraft fees.

Our founders warned us long ago about banks, and they said that "none are more imperiled than those people whose nations stand silent as crimes against them are made to be legally protected by the courts." My point is that if we rob a bank of $455.00 we can be charged with ROBBERY OR FRAUD, they on the other hand can call you STUPID AND NEGLIGENT then legally keep your money.

This is just but one of many creative violations of the 14Th Amendment that evil banks engage in on a regular basis. While Ms. Galligan pleaded with her bank manager at Wachovia, she like most of their customers are told to "Go Pound Salt" that there is no credit. Their favorite techniques is to make their customers who receive these fees feel stupid, negligent, and deserving of the fee because of the risk of loss they pose to the bank by their reckless behavior.

These arguments are all baseless, they are mere training techniques rendered by the senior managers to guarantee the 10 Billion in profits keep flowing into their pockets. They even add the added scam of electronically stacking the system against their customers. The do this by clearing the largest checks first and then churn multiple fees on the other smaller transactions. This is the only way its possible for banks to make the huge profits the need to support their overbearing banking presence in local communities.

Many people have asked banks for relief from these fees and Congress passed new banking reform that few people really understand but if one thing is for certain banks are making it clear that being middle class and having a bank account can be a very costly liability. Fee structures indirectly communicate that bank accounts are for the rich, or people so flush with cash that they can keep a massive base sum in their accounts.

Most banks offer "over draft protection" but even that is stacked to harm its consumers with fees and excessive interest, and more often than not they do their very best not to advertise it, offer it, or make it easy to qualify for.

The best way to retaliate against these abusive banks is to close out your account, convert all your savings into Gold (Contact you financial advisor) and have a bank account for the sole purpose of paying those bills that you cannot pay in cash. If you need a credit card, than use prepaid ones that cannot invoke hefty $35.00 fees. Lastly if you insist on using a bank write a letter to your old bank explaining that you switched to a bank that has lower fees, and are less abusive of their customers. The best relief that I personally found from greedy banks was to investigate credit unions.

You may also abandon your account with the negative balance, but some banks now report customers who fight back to the "CHEX" system. This is a "RAT" network of people on a "LIST" that are alleged abusers of their checking privileges. While some people rightfully deserve to be on this "LIST" there are others who are abusing it with customers who refuse to allow themselves to be cheated by their bank or simply just disagree with their charges.

Hollywood East CEO A SCAM artist!!

Reprint from CTBLUE

Quality Journalism this morning at the Day. Yes, I know I don't say that often, but you have to give the devil its due.

I refer to this morning's article, One Small Lot, One Big Mess, about Joe Gentile, the Utopia developer and involved in CT's Hollywood East. The story involves a scam in which he's involved in New York, where he is apparently using some fairly complicated legal shenanigans to bilk some "partners" out of their share of a real estate deal. One device he's using is a mechanic's lien filed on the property by a construction company, with whom he's apparently in league. By foreclosing on the lien he can wrest ownership of the real estate from his minority partners. It's a fairly complicated deal, but it seems clear from the story that Gentile is a slippery guy, and one whom it would be wise to keep under close surveillance, assuming you have the misfortune of getting involved with the guy.

He does it by doing business through various corporations, each of which appears to be set up to handle only one phase of the transaction. Besides making it difficult to prove the elements of the scheme, the tangle of corporations provide at least a first line of defense for Gentile. It is not easy to establish the personal liability of a guy who surrounds himself with corporations.

The Day's story gives us at least a glimmer of insight into the nature of the scam Gentile is pulling in Preston:

Gentile said the lawsuits will prove him right, and once that happens, he will do what he always does: Finish the job.

“The ironic part of this whole thing is, I became a huge winner,” he said. “West 23rd Street is the hottest block in New York City. I'm in a good place, and I have a lot of options.”

Those options, he said, include selling the property at a significant profit or going ahead with a condo complex.

“Am I wrong because I'm smart and it worked out for me?” he said. “Maybe God was looking down on me for doing the right thing.”

The best speculation I've ever heard about Gentile posits that once he gets his legal hands on the property he will use his newly acquired legal position to enable him to back out of his grandiose committments and take a profit out of the property and run. That appears to be what he is set to do in New York: steal someone else's property, milk as much money out of the project as he can, and then turn it over for a huge profit.

UI Profits Soar 288%...And Accordingly So Does Milford's Forclosures!

UI had its annual conference call last week February 2008. To sum things up they whined that the economy was slow, you could not pay your bill and their losses on bogus xcelecom were disappointing.

On the party side their profit jumped 288% from 9 cents a share to 35 Cents a share! This profit was achieved by those of you who are paying your bills. They are anxiously waiting to fire up their pollution factories formerly known as the "filthy Five" and the "Sooty Seven" to increase their profits even more perversely.

As they increase their mega profits, the Connecticut Post today noted that Milford's pre-forclosures are up from 50 last month to 166 this month. The front page of the finance section bears concern of stagflation. But don't worry UI's Executives are also concerned about the economy, it has held their profits back to only 288% when they should have been more than that. The awful truth, if I may add a little sarcasm, is that purchasing candles has become a much cheaper lighting source than electric. This may now become even more relevant as the 2009 future prediction by UI's executives greedily boast double digit profit projections. I predict more people will be "breaking a sweat" flipping a light switch and/or acting out against family members who do not shut off lights.

I am absolutely baffled by the quote of Rich who said "Continuing operations for the fourth quarter are up nicely 35 Cents a share compared to 9 cents a share in 2006." I am absolutely speechless that this company was allowed to conduct itself in the economically oppressive manner that it has. This is an outrage and I am appalled that the DPUC has no control over the menacing profit of a public utility company.

Amazingly, they even succeeded in bilking the IRS out of 21 Million Dollars! Listen to the entire conference call because I am disappointed that in spite of the fact that this company has been given a new power grid, overcharged us with fraudulent meters, was given a 90% increase in just 7 years, killed parakeets, razed the landscape, devalued homes, and is now planning to poison our air in Milford come 2009, that DPUC continues to ignore the fact that people are losing their homes and need a break!

The conference call speaks for itself! Also the beginning of the broadcast is blank air time scroll to the middle of the feed for the conference call to begin.

Listen by clicking here.