Welcome

Welcome to Banking Horror Stories.

I created this site because as the owner of MFI-Miami, a Mortgage Fraud Investigation Company, I am constantly being told stories about the horrific treatment my clients receive from their banks. My clients tell me their complaints fall on deaf ears when they call their banks and that they wish they had some where to go not only to complain or share their stories but to seek answers to their questions. After doing extensive research on the internet, I found there was no one site that catered to these... Read more of this article

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More Posts From Welcome

Steve's Blog

You and Your Wife Serve Your Country So BofA Can Take Your House

“They (Banks) had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.” – FDR, 1936 Richard Zombeck, Shame The Banks The more stories we get from homeowners atshamethebanks.org and the more people I talk to about how they’ re losing their homes, the more I start to believe that banks and servicers are spending more time figuring out how to take homes... Read more of this article

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Why Bankers Didn’t See Collapse

From The Daily Bell How can we avoid the next financial crisis? Urgently listen to those who foresaw this one … Three years on from the collapse of the sub-prime housing market in America, Gregory Zuckerman asks who can help us avoid the next financial crisis. … After a strong recovery at the end of 2009, life has proved tougher in 2010 for the titans of Wall Street. … A few savvy investors – most with little relative experience in real estate, derivatives or mortgage investing... Read more of this article

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More Posts From Steve's Blog

How Obama Got Rolled By The Banks

Michael Hirsch, Newsweek Why the 44th president is no FDR—and the economy is still in the doldrums. Barack Obama was “incredulous” at what he was hearing, said one of his top economic advisers. The president had spent his first year in office overseeing the biggest government bailout of the financial industry in American history. Together with... Read more of this article

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Citigroup Goes After Mike Mayo Over Accounting Accusations

Charles Gasparino, Huffington Post The people who run the big Wall Street firms and banks have notoriously short memories, which is why, for all the mea culpas that came after the 2008 financial collapse and taxpayer bailouts, you know these guys are going to screw up again and screw the country again in the process. Recently, I was reminded of just... Read more of this article

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Bank Settlements: Judges Take A Stand, Shift Focus To Individual Responsibility

Adam J. Rose, Huffington Post Jed Rakoff has been called many things: a maverick, a prosecutor, a hero, and acerbic. As a judge on cases involving high finance, his rulings have often been described as blunt and sometimes wry. When asked if he’s anti-Wall Street, he once suggested that some prosecutors fear he’s pro-Wall Street. You can... Read more of this article

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Ken Lewis BLASTS Merrill Lynch-Bank Of America Merger Lawsuit, Calls It ‘Implausible’

David B. Caruso, AP/Huffington Post Lawyers for former Bank of America CEO Ken Lewis said in a court filing that a lawsuit accusing him of misleading investors during the company’s 2009 merger with Merrill Lynch was “implausible” and “inconsistent,” and should be tossed out. The filing was a response to a civil lawsuit... Read more of this article

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