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Was Susan Rice Used?

Friday, December 14th, 2012

copyright Bettina Network, inc. – 2012

RICE = ROGERS = GUINIER.  What do they have in common besides all being African Americans!

Was yet another woman used? – misused? – abused?  in this political process?

Looks to us as though Ms. Rice’s name was thrown out and then reeled in to get the deal President Obama wanted from Congress – and it looks as though not only was it a successful ploy, but he knows the political process very well and is not above playing the game.  After all, he is now one of the big boys.  I just hope he has not become one of the ‘good ole boys.’

Looks like something Bill Clinton did years ago when he was president and the woman used – abused – misused – was Lani Guinier .  Harvard Law School ProfessorIn 1993 Ms. Guinier was nominated by President Bill Clinton to be Assistant Attorney General for Civil Rights.  Just like Ms. Rice, Ms. Guinier was eminently qualified – Radcliffe College, Yale Law School, Assistant to the then Assistant Attorney General for Civil Rights – a really brilliant and accomplished Black Woman.  One of the Clintons’ Yale Law School classmates.

Congress jumped all over Bill Clinton demanding her nomination be withdrawn and who was one of those who counseled him to withdraw the nomination? – none other than Ted Kennedy (genuflecting – of sainted memory), among others, including the Black Female who we will only identify with the nom de plume “turn coat” – “sell out without knowing how much you were selling out for”.  So, of course, Ms. Guinier’s nomination was withdrawn.  The Wall Street Journal called her one of “Clinton’s Quota Queens” (remember the title of  Welfare Queen)?.  The racism and sexism of that was overlooked and instead of articulating what this was about and going ahead to back-up and support his nominee, Clinton succumbed to the pressure, even though it looked as though Ms. Guinier would be confirmed.  The loud, racist and sexist voices won the day.

The claim made to derail Ms. Guinier’s nomination – at the end of the day – turned out to be false, but the media proclaimed it loudly and kept the drum beat going so Ms. Guinier would be taken down – doesn’t that sound familiar?  In small print after the fact, it was acknowledged that the loud drums beat out the wrong message.  Now, isn’t that what they are doing to Ms. Rice?  Even louder, because they have had more experience  beating drums to drum out Black women!

And then there was Desiré Rogers.  Another tremendous African American woman from New Orleans.  I knew her parents and her grandparents.  They were very substantial people and Ms. Rogers had a very solid and ethical upbringing.

Partially because of that New Orleans upbringing, -after what she went through in Washington, D. C. – Ms. Rogers was able to continue her life almost without missing a beat and moved right on up!  And Condoleeza Rice – the horrible Republican who many can’t stand to even see or speak about – gets a standing ovation from any Republican group she appears in front of.  Is that some kind of contrast?  Takes me back to the days of Walter L. Cohen, African American who was head of the Louisiana Republican Party!

All three Black women were charged with things which were blown out of all proportion and all those charges and innuendos were kept going by the media who turned crap, half-truths and more into something which sounded real, substantial and reason for them to be not considered, re-considered, removed. Two were exonerated in the end when things quieted down and the racist sexist goals had been achieved.  Ms. Rice will also be so exonerated.  That will take awhile since we saw the news people this morning showing signs of relief that Ms. Rice would not be considered for Secretary of State.  One news reporter woman let out an audible sound of relief.  Although in Ms. Rice’s case it looks more like racism and sexism were used to reach a political goal and not a very big one, considering the price being paid by Susan Rice.

With Susan Rice,

U. N. Ambassador

Should be next Secretary of State

the forces of Congress came out once again to attempt to destroy an African American woman.- the Republican forces came out against her because the Democratic forces could not.  They would have been accused of pushing for the appointment of a friend – which was, in fact what the Republicans were doing.  What we have just witnessed on the political stage could be called “A Time of Surrogacy” with John McCain being the star of the play.

The good ole boys coming out to make sure one of their own got what he wanted.  The price someone else paid for that is really irrelevant and not to be considered.  That will just go down in the books as a debt to be repaid and they will look to John Kerry, at some point down the road, to repay the debt – and he will.

This time, it looks as though President Obama threw Ms. Rice to the Congressional Wolves so he could negotiate and get what he wanted from them if he withdrew her name from the short list and went back to John Kerry instead.  The games boys will play.

Don’t you think it is time we elect men – or – a woman?

Was this the same John Kerry who was President Obama’s coach for that first memorable debate – which came close to blowing Obama’s chances for re-election and at the very least promoted Mitt Romney’s campaign to a higher level?

It seems to me Mitt Romney should be the one promoting John Kerry to higher responsibilities not President Obama – but then, we don’t know what goes on behind those closed political doors.  And then I could be wrong – but have you read the Bettina Network’s Blog on “Rice and Kerry”?

And – in an aside, which probably had nothing to do with deals being made – Scot Brown, solely because of his ESP – and having nothing to do with games being played,  started his campaign as early as December 4th.  What did he know that the rest of us didn’t?  He is getting ready to run for John Kerry’s seat.  We think that seat should go to Martha Coakley – or – preferably to an African American woman as an appointment.  If games are going to be played – set better ground rules fellows, this is a society full of diversity with a diversity mind set.  To replace a White Man whose hands are unclean with another White Male whose … tsk tsk tsk!

Our breakfast table guests are seldom wrong.  They seem to have that inside track which comes out over those really scrumptious breakfasts served in the bed & breakfast homes in the Bettina Network.  Maybe its the coffee which brings out such great conversations.  Check them out, especially if you have conversation to share!

If John Kerry has any sense of decency he will withdraw his name from consideration.  It is the only decent and ethical thing he can do and it is the only way such games will begin to cease.  But then, he has moved far away from the days in which his actions and youthful ideology first got him elected to Congress.  How the mighty have fallen!  Or – is it that power corrupts?

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The Brotherhood

Monday, June 25th, 2012

copyright Bettia Network, inc. 2012 for Marceline Donaldson

Today, the American Brotherhood is pulling in its antenna and licking its wounds.

It will be interesting and very educational to see how they come back from the Sandusky Affair.

Normally, the oppressed lose – especially in areas which re-enforce one or more of  society’s isms.  In this case sexism and pedofilia in sports was rampant and on view for all who didn’t put their heads in the sand.  The areas which have our rituals and symbols; which we use to pull in the unsuspecting fans and followers who are just along for the ride – these were the areas under a very high, hot microscope all during the Sandusky revelations.  What the fans and followers perceive as the excitement of ‘their team’ winning and losing has been totally exposed for what it is and we see it, for one brief moment, stripped naked.

I was not raised in a sport, nor watching sports games, nor close to anything that had to do with sports.  When I became an adult, I was missing the language, history and excitement which sports and sport figures could invoke in most people around me – and for this blessing I am grateful.

To talk about Chopin was not very exciting – especially when one had the option of talking about the local ball game.  I didn’t even know which sport the different named ball clubs played.  I did know it was all male, all the time and the testosterone which exuded from this area was more than a little overwhelming.  Women were included and had a very important place in this Court as cheer leaders, team followers, extras for those times when team members needed more sex.  When you think how women and girls were pushed into cheering and accepting all of this if they wanted to exist even on the periphery of society, it is heartbreaking.

Sandusky’s trial has thrown all of that in high relief.  This was not simply a case of one man, all by himself, corrupting and destroying the life and future of many mother’s sons.  It is a case of one man, because of his position in the sports field, bringing the men in the sport together to support and draw the wagons around him so he could continue his ‘sport’ unafraid and unstoppable.  In fact, at one point didn’t he brag to one of his young victims that he was ‘unstoppable?’

I can just hear the furor of those reading this and being quite upset about my painting all sports and participants in sports with the same brush.  Well, why not.  We have had more scandal in the sports arena than anyplace else.  The only area of society which tops politics in its sleeze.  The difference between the two comes from the fact that we readily talk about how low one has to stoop to participate in politics.  Sports is still a sacred cow.  We protect and hunker down to make sure we take out those who would dare to talk out loud about the corrupting influence of sports on everyone.

What is at stake?  Have you ever tried to buy a ticket to a game?  The cost is prohibitive. Have you noticed how much the players are paid?  For doing what?  For not growing up past their adolescence and being able to play with each other the way they did at 13, 14, 15, and on?  For being ‘real’ men in the locker room for men only where men’s jokes were told, and men bonded in a male way.  Women could never come close to this sacred space.  In the religion of sports, the sports locker room is its sacristy for its clergy.

Where your money is there also is your value system.  Our value system is in the ‘top dogs’ – the sportsmen, the political men, the business men.  But the sports area far exceeds the power and prestige of any of the others.  What do they have in common?  They share a bond around elevating sports to the very highest level and taking their manhood from their ability to participate in, talk about, go to sports events.

What was given to you as a business person for your clients?  Tickets to the ballgames because this was a big deal gift.  What did you talk about sitting around having coffee?  Sports!  Who did you want to be around to prove you were really one of the ‘in’ guys? Sports figures – the bigger the sports figure, the more important you looked to those with whom you were trying to do business.  And what does our biggest politicans and businessmen want to own? A sports team!

And then comes Sandusky!  Opening closed doors – showing us what happens in those ‘male only’ places – initiating young boys into a life which makes them vulnerable to those who come after him.  And then comes the Sandusky supporters – sports figures all! Many years of covering-up, hiding, coming together to make sure he was free of and not encumbered by any ‘justice’ issues.  Males all!  Sports males all!

So what now?  Do we eliminate sports?  Do we clean it up? Do we go on as if nothing happened?  Do we blame Sandusky and try to clean up everyone else?  How can we when Sandusky followed the pattern set out by many unrecognized sleeze-its who came before.  He became big in his field – too big to fail.  He lived his life so the conscience of others could be eased – he set up a foundation to help others (although there are claims that he set it up to corral young boys so he wouldn’t have to go out looking and risking) – he kept the façade of a family man with a loving family – he was almost the beat your chest Tarzan guy from whom one would expect to hear the jungle call at any moment.

When all of this broke, I went back to look at some old film of Sandusky at work – sometimes surrounded by those who ‘protected’ him from the  potetial charges of his young victims.  The film shows him being held up by those around him – held in high esteem by those who knew the truth of his activities with young boys. In some films he looks invincible! Given what I watched, I don’t see how any of his victims had the courage to come forward.  He looked like an awesome, respectable, very much in control of his sport kind of guy.

To try to modernize sports – with the success of the Women’s Movement – we have allowed in a very small percentage of women as players.  Not women making the kind of money the men make, but enough to have kept the civil righters from marching against the sports establishment.

With sports came men’s clubs – closed to women and non-whites.  At one time they were only open to  Northern Europeans, but over time some non-Northern Europeans were allowed in.  In many private men’s clubs, they kept the curious and more aggressive women out by putting their locker room at the entrance to the club.  To enter one had to go through the locker rooms and the locker rooms were a reflection of the sports arena’s locker rooms.

Suffice it to say, it is time to take down and dismantle this bastion of male superiority which is one of the ground floor structures of sexism – racism and pedofilia.  It used to be the ground floor structure of all the -isms before teams were forced to accept African American and other minority males.  And what happened when those doors were open?  You can’t tell the difference.  Those minorities taken in totally reflect what went before – to a color blind person, there has been very little change.  With the exception that minority sports figures are hung out to dry if they are not squeaky clean.  That should speak to them loud and clean.

Now What!

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The Royal Wedding at Breakfast

Wednesday, April 20th, 2011

copyright Bettina Network, inc. 2011

Wouldn’t you know the Royal Wedding would not escape a Bettina breakfast table.  It was a great and very funny discussion.  Basically, how to cure the world’s ills using the 30 to 60 million dollars it is estimated will be the cost of this wedding.  Homelessness, poverty, hunger, etc. could all be cured well within that amount of money.

Skeptics will question that possibility, but we were sure it could happen.  It boggled the mind of everyone at the table that a wedding could cost that amount of money in 2011 – or rather that any one, any country, any institution would spend that kind of money on a wedding, especially in a time when the world is awash in so much tragedy; so many people living in the streets because of earthquakes, tsunamis, fires, and more – not even beginning to call up those who live in the streets all the time.

It makes the “good works” done by the royals look like so much cover for lives led on a level that is beyond human decency.  As one person said – who are they that they take the right to themselves to use that much of the world’s very limited resources on such a senseless extravaganza.  When these extravaganza’s were in vogue and the thing to do because that was the way of the world, it was done to scare people and so impress them with the power of the throne that they would not dare revolt they would be afraid to even consider another way of life.  What then, does it mean today?

What does it mean when Charles raises money for his charities when he doesn’t even put his own tooth paste on his own tooth brush to brush his own teeth?  That almost ended breakfast because none of us could eat we were laughing so hard at the description of how this grown man lives.

What does it mean when our media goes rushing to England to cover this extravaganza, searching all around to make it more than it is, spending lots of money and media space while totally not covering those in England who don’t have enough to eat or a decent place to sleep, while gilded horses and carriages are riding about and people are yelling and screaming with joy over the fact that they are being ‘royally’ screwed.

We went from high hysteria with laughter to serious discussions about how long this kind of obscenity can last.  Why do so many people follow the high and mighty when their own lives are in trouble because of the resources taken from them to pay for such unnecessary frivolity and show of power and money.

What makes it even more not understandable is the fact that this all takes place in a Christian Church! WOW, did that ever get comment!  Exactly what is happening in that Church that all of this is what it is about and what it takes as its “ministry”?  They probably even have a mission to the poor – which probably makes up about one-half of one percent of the total amount spent on other things.

The discussion was mostly about what ‘they’ have and what ‘others’ don’t have.  It was about the demeaning of the human being – both royal and servant to the royals who do the ‘care taking’ of the royals by running their baths, brushing their teeth, etc..

(You can leave this next part out, but it just totally disrupted breakfast and it took a good five minutes before we could calm down from the laughter this generated).

We wondered who was the servant to the royals who wiped their ——  .  And we wondered if the American media might get a ‘live’ interview with that person so the rest of us could see whose job it was to do this!  We also wondered if this was done with paper or with washable rags.  We hoped it was with washable rags so there would at least be some redeeming environmentally friendly result.

I think you get the picture.  How we got such raucous laughter out of all of this I don’t know, but it was a pretty funny breakfast and one I have not been able to get out of my mind.  None of this was upfront for me.  I even watched some of the media coverage leading up to the big day.  After that breakfast I have been totally sensitized in a way I hadn’t been before.  Long Live the Bettina Network!

Ed Note:  We put your blog in as you wrote it without eliminating anything.  It was astounding to us. As a result of this breakfast and what was discussed – much of it we hadn’t thought of before either, we are putting the Royal Wedding in Bettina’s Hall of Shame.

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The Truth about Debit Cards

Saturday, October 17th, 2009

copyright 2009 Bettina Network, inc.

This is a follow-up on Bettina’s Hall of Shame award.

We are beginning to think this award should be shared by the banks and the media.  The more we read the more we understand that the American public is being grossly misled and it is either because the reporters are ignorant of their subject or the reporting we’ve read is a purposeful attempt to mislead the public.

There has been much obfuscation around Debit Cards.  Much has been said and brought to Congress about how awful the banks are to give an automatic coverage of overdrafts for those with Debit Cards and how that automatic coverage allows the holders of these cards to overdraw their accounts and how it is allowing the banks to take them to the cleaners.  That is not true.  The public IS being taken to the cleaners, but its lack of knowledge and sophistication on how these things work allows this gross miscarriage of money which takes place on a daily basis.  And now the public is being misled by the media as to the real problem around Debit Cards.

Why did Debit Cards come into being?  It is another way the middle class can be drained of its money. Its a quick way to move money from the super rich to the becoming poor.

What’s wrong with Debit Cards and why this automatic overdraft business is gaining so much attention?  Its simple.    It is a red herring, meant to take your attention away from the real problem so Debit Cards can become entrenched in this society as another structural element within the banking system which makes loads of money for banks by quickly taking it away from the Middle Class.

The banks don’t want you to wake up to what they are doing.  So, you get this righteous indignation to take your attention, time and resources away from seeing and objecting to the real problem with Debit Cards.

When the Debit Card phenomena becomes accepted and normal the overdraft coverage will stop and you will be ripped off in ways you can’t even begin to imagine.

HOW DO DEBIT CARDS WORK?

Today, when you make a purchase with your debit card, the money is immediately taken out of your checking account.  Sometimes this happens the same day.  If you make a purchase in the evening – say about 8pm, the next morning your checking account shows the withdrawal.  It is a total and immediate movement of money from you to the bank.  The merchant from whom you made the purchase doesn’t get their money for two to three business days later – so you are out the money paid, the merchant is out the merchandise or services without payment for two to three business days and the bank has the money, which is supposed to be the merchants, which the bank keeps for two to three business days before sending it on to the merchant involved.  And the merchant gets to pay the bank from 2 to 3 percent in the form of an immediate discount, for this service.

Parallel that to what happens when you make a deposit.  In most cases, your deposits are “cured” by the bank for 5 business days before a deposit goes into your checking account as available funds.  So any money which you have deposited into your checking account which you put there to use for such purchases can’t be touched for five business days.  (Only a few are exempt from this and then only temporarily until the bank can conjure up ways to put those few back with the unwashed – those who you now feel better than because you are one of the select few.  That feeling of superiority is short-lived because your stay in that heavenly area is temporary and the bank is constantly working with its idea people to shrink the number of people in that heavenly area and to decrease the amount of time they can spend there.)

Now, you’ve made your deposit and two days later you go to the store to make a purchase using your debit card thinking you have this money in your account and available.  What a mistake!  You are now in the weeds.  If you counted on that deposit to be there and usable you find you have overdrawn your account and are now being charged between $30 and $40 for that Debit Card transaction.  So without the automatic overdraft account added to your checking account, the purchase you made with your Debit Card would have bounced; you would be embarrassed at the check-out counter of wherever you are; and you would be furious with the bank doing whatever you could to change the situation.  What change would you be looking to make?  You want your money available when you make your deposit – or at the very least within two days of your deposit.

Instead, your bank covers the purchase, charges you an obscene overdraft charge and leaves you feeling as though this was your fault.  Was it your fault? NO NO NO!  You deposited good money and good credit for that amount should be immediately usable by you, especially when you think back on the fact that the merchant isn’t getting paid for two to three business days.

In addition, even if the bank bounced your Debit Card you would still be in the weeds because banks charge you the $30-40 no matter whether they pay the charge or not.  And with all the fees they add on to your account, you never quite know your balance.  You can call the bank at 2pm and get your balance – at 3pm they can add a charge which reduces your balance, you try to make a purchase for the amount you think you have and voila, you discover you are overdrawn or your charge has been declined at the store.  In either case you are out $30-40.

So what have we here:
1.  You start the action by making a deposit to your checking account.

2.  You go to the store to make a purchase.

3.  Your purchase is immediately registered by the bank – they have their money as soon as you make the purchase.

4.  The merchant is out the goods or services and the money.  The Merchant waits 2 to 3 business days before getting paid for what you purchased and paid for days before.  In addition, the merchant pays the bank about two to three percent for this service.  The merchant pays that amount to the bank, not in the form of a check issued at the end of the month, but in the form of a discount immediately taken from the Merchant by the Bank.

5.  You don’t yet pay for your Debit Card.   – in some cases you are being charged for this service – but most are not and given a little time you will also pay the bank a percentage to use your own money.  Congress will intervene on your behalf, but not for decades.  Meanwhile the bank will have another scheme going to replace the Debit Card income which will make billions more.  like the Debit Card gradually replacing the Credit Card.  Credit Card limits are being reduced.  They will finally go out completely.  Why take something that only pays you $ .95 on the $1.00 when you can replace it with something which pays you $1.50 on the $1.00.

Who benefits?  the Bank!  What is your alternative?  Use your check book.

Write a check for the goods or services you want.

If you have to wait in line with lots of people waiting behind you, that isn’t your problem it is the merchants problem.  You have your check book and proper identification.  There is no reason for anyone to deny your check, especially since there are all kind of services merchants could subscribe to which lets them know if your check is good.  They have been brain washed to believe that every check given to them by their customers is going to bounce so they had better use the Debit Card route for their own protection.

WHAT THEY DON’T KNOW, but will soon find out is the Debit Card they accepted can be rejected by the bank even after they have received an approval code.  The fine print in their contract says the approval code is temporary and can be withdrawn.  So what have they gained by accepting your Debit Card instead of your check? They have gained the right to wait for their money and to pay the bank a percentage of your purchase to accept your money and let it “cure” and then pass it along to them.

You have given up control of your money to the bank when you have and use a Debit Card.  When you use your checking account, you write a check today to pay for your purchase.  The money is withdrawn from your account about two days later and it hasn’t cost you anything.  If you overdrew your account by writing the check you can make a deposit the next day to avoid overdraft charges, which would have immediately accrued to your account had you used your Debit Card instead.

What has the bank gained?

           Your deposits to your checking account for five business days for nothing -
                        money they make money on.

            They have in addition gained an additional two to three days use of the money because you authorized the bank to withdraw money from your account to pay the merchant and while the bank has its money immediately, they don’t pay against they money you have given them for two to three days when the Merchants bill comes due.

            The bank has gained use of your money in three ways, making substantial amounts when you add together the numbers of people who give them this right of access.
                            You are left penniless,
                                       the merchant is left struggling
                                                 and the bank is just as happy and rich as it can be.

From what we have seen in the economy of late, the bank isn’t keeping that money.  It is being passed along in many schemes to the super rich.  Ethics have been suspended.  If the banks have to torpedo the society in order to create and work through its schemes – so be it as long as they are left functioning to continue this enormous transfer of wealth.

We are creating a modern version of the Emperor with his well-off minions and his indentured servants.  You may not yet be the indentured servants, but quite possibly that is the future of your children.

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Thanks for exposing Bank of America

Friday, September 25th, 2009

I really appreciate your blog and your guts in putting Bank of America in your Bettina’s Hall of Shame.

I have something to contribute, which is true of many banks.  You talked about overdrafts. What I see now is banks claiming to address and reduce their overdraft charges and its a joke what they are proposing.  I feel insulted!  What they need to address is the 5 business days during which they keep your deposits ‘on ice’.  That is what is causing all of the overdrafts.  Your blog is the first place I’ve read which accurately puts the blame where it belongs.  In many cases the banks don’t even tell you they put your funds on hold for five days.  I opened an account with Bank of America just recently and they held my first deposit for five days.  I couldn’t believe when I went to draw cash out from an ATM machine I couldn’t get five cents.  I was in a very bad situation because I had put all of my money into Bank of America and the person who opened the account said nothing to me about my not being able to access my money for five business days.

The federal reserve needs to address why it continues to give banks that huge loop hole in which they can make billions.  Banks do receive funds, even from out of state checks in much less than five days.  They are making lots of money through that loop hole.  Add that to what else they are doing with credit cards and you have an obscenity!

What are they doing? Taking money from the middle and lower middle class and yes, in many cases the upper middle class and giving it to the super rich – sometimes through the huge bonuses they pay out.  Where do you think the money comes from to pay those bonuses? From those overdraft fees, those credit card overlimit fees, those credit card interest charges at 30% from people with good credit, and on and on.

I want to add what is happening with credit cards.  Banks lowered many, many peoples credit card limits.  They claimed it was because of their bad credit and late payments.  That is a lie.  I know lots of people who had their credit card limits lowered and their debt level was lower when it was lowered than it was a year ago.  Their credit was good – they still had jobs and they had no late payments.

Why are banks lowering credit limits?  So they can collect overlimit fees.  If your credit limit is lowered – especially if you are not aware of that lowered amount – you charge over your new limit, but within your old limit and you have an overlimit fee.  Or even if you don’t have anymore charges on your card you still get an overlimit fee because of the time of the month they lower it on your account and the credit card finance charges which get posted to your credit card balance throwing your account over its new limit.  Your credit card limit is generally lowered to within an amount which will cause an overlimit amount when the finance charges are added.  In some cases I know of the credit card limit is lowered to beneath your current amount due and while you don’t get a fee at the time it is lowered to under your balance, you do get an overlimit fee shortly thereafter because of the addition of the finance charges and you keep getting overlimit fees unless you can come up with the money to pay the difference between your credit card new limit and your old balance.  They talk about contracts?  They throw stuff into new contracts on practically a daily basis and they don’t honor contracts that they have with their customers.  They reserve the right to change the contract at any time for any reason and everything you did under the old contract is now being held under your nose in a new contract.  I’ve never seen anything like this before.  It is horrible and ordainary people are living under these circumstances trying to raise children, put food on the table, pay their bills and more.  This is a democratic country?  It seems to be this is a country where theft is happening legitimately by banks and other financial institutions.  The money banks are obtaining fraudulently from the American public makes Madoffs fraud look like pennies.

It is a total disgrace the way the banks are and are being allowed to rip off people.  Yours is the first voice I’ve heard which has put it so eloquently.  I hope you are heard.  I doubt that you will be because most of the media depends upon advertising and other monies from banks so they aren’t ready to do a real indept article on all of this.

I would have thought Americans would be demonstrating in the streets against banks the way they are so shamelessly ripping off their own customers.  You said Bank of America is cannibalizing its own customers.  You didn’t go far enough.  you should have said the entire banking industry – with very few exceptions – are cannibalizing their own customers. Something really drastic needs to be done about this.  The small things being done today are insulting!  The people addressing the issue must be getting money under the table from the banks because they are just letting air out of the anger of the public against the banks.

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Bank of America wins Bettina’s Hall of Shame Award

Tuesday, September 8th, 2009
Copyright The Bettina Network, Inc. 2009

We are beginning to receive notes from former guests on suggestions for companies which should be in “Bettina’s Box of Shame” and Bettina’s Hall of Shame.”

The company about which we have received the most complaints and suggestions as to why they should receive the award is BANK OF AMERICA. It is also the company which has been most negatively discussed over many breakfasts.
We have done what is a first for us – to go out and independently investigate this company to see if all of this discussion was real and true or misplaced frustration over the state of the economy and the huge anger at banks. We went through months of investigation and pushed the envelope beyond anything we have done before, including establishing accounts at Bank of America to experience first hand what we were being told.
Given the enormity of what we have been hearing for several years now, we felt the sacrifices we made to do this were worth it to either turn a light on a huge problem or exonerate Bank of America. We did wonder if Bank of America was being used as a scape goat for the anger focused on banks today.
What we wanted to know was why so much negativity was centered around Bank of America, far more than around any of the other banks.
What we discovered: Bank of America is a company which cannibalizes its own customers.
After doing quite a bit of investigation, we award to BANK OF AMERICA a place of dishonor. It is being placed in Bettina’s Hall of Shame.
There has been much anger over what has happened with banks in general and with the amount of tax payers money going into banks to save them from their own mistakes. That is not why we have given Bettina’s Hall of Shame award to Bank of America. What we discovered through our investigation makes other banks look angelic by comparison.
Bank of America has set up a computer system which creates a slippery slope for middle Americans to move swiftly from middle to lower class in income, finances, etc. What we have seen says to us Bank of America depends upon humiliation and lies to get away with what gives new definition to theft.
If you open a checking account with Bank of America you need to understand that one day they will take your money out of your checking account without your knowledge or consent and you will feel as though your checking account has sprung a leak.
The Federal Reserve Board is complicit in this, although Bank of America has taken the policies of the Federal Reserve and used them to fill their coffers in what we see as unethical and immoral behavior which is totally detrimental to this society and to the world community.
Since they are among the banks having financial problems, one wonders what happens and has happened to all the money they have ripped out of the American economy from American families!
When Bank of America erred and wound up in troubles from which they had to be extricated using American tax payers money – that all happened very quickly and their bottom line improved from having “free” money to use. They in turn use and used crime and punishment responses to their depositors and those who do business with Bank of America in the most vile and vicious ways. Their punishment is for the smallest of missteps and the price is extraordinarily high.
As we finished our investigation we realized the results were far too large to put in a blog. We have summarized our findings and will keep the interviews, statements others wrote about this abuse and ways that we went about this investigation for some other forum yet to be determined.
What we discovered that immediatley needs to be changed to mitigate some of Bank of America’s misuse and abuse of the system is the Federal Reserve’s policies allowing banks to hold depositors money for 5 to 7 to 9 days without paying checks presented against those funds and without allowing the depositor to withdraw their funds.
What kind of change? A change from allowing banks to use the new technology and the old ways to make money. Either one or the other should apply.
When you make a deposit into a bank in the form of checks – money orders – etc. , the money is in the bank within 2 to 3 days even if it is an out of state check. The Federal Reserve allows banks to hold your money as unavailable to you for 5 days, under some circumstances for 7 days and sometimes for as much as 9 days. Using that policy to the fullest, Bank of America has programmed into its computers ways of making huge sums of money for the bank at the expense of its depositors.
The bank is able to use your money for the 2 to 7 days it is sitting under their control, while it is returning your checks and collecting over $35 per check. Bank of America has programmed its computers to automatically put a hold on your funds once you have a returned check. That hold is kept on your account for an indefinite amount of time and employees of the bank are not allowed to remove the hold – even if there are extreme circumstances which caused you to overdraw your account. Subsequently you could have $8,000 in deposits sitting in your account, Bank of America will return a $43 check and charge you $35 for the experience. This is not limited to new accounts, this has happened to those who have had accounts for some ten years with Bank of America.
The quickness of technology has been taken advantage of by banks to benefit banks, and the slowness of the old ways has been taken advantage of by banks to benefit banks. Bank of America has taken this to a high art and has institutionalized applying stress on its employees causing them to lie and attempt to intimidate the very customers who make their jobs possible.
What we’ve seen is that those who can’t make that cut are fired or forced to quit. From what we have found, we think those who have left, either voluntarily or who have been forced out should be given an award for valor under fire.
To get an idea of the magnitude of this problem, put “Bank of America complaints” in your search engine and prepare to be amazed at what comes up. As you read these complaints, think about the stress and frustration the people are experiencing who have written them. We are basically lethargic as a country. A few activists, but mostly the quiet middle class. That quiet middle class is who is writing those complaints.
On their overnight transactions with the Federal Reserve, they have maximum monies from having returned your check – they can use the funds you deposited without paying your obligations, as they should – and they can continue to use your monies to increase their standing with the feds, lower the amount they need to borrow and receive interest on the excess amount they have to offer – all at their customers’ expense and you have paid for the privilege of hurting yourself for the bank.
The check example is but one of several ways in which Bank of America abuses its customers. We have cited it because it is one which negatively affects most people. None of us are perfect and those imperfections are what Bank of America uses to take its customers’ money while making them feel as though they have violated some ethical code while all the time Bank of America is the violator of basic ethical codes.
Middle Americans can be easily shamed by large institutions and Bank of America has taken that flaw and woven it throughout its institution. It has and is receiving benefits it should not derive from this kind of abuse.
We have two examples:
1. What was considered loan sharking and was illegal is now a respected way of doing business and is normal banking practices. Bank of Amerca has used every loop hole to squeeze and extract every dime from their customers without any thought to the methods it uses to do just that or the consequences to the people it leaves destroyed on the side of the road.
2. It struck us as very much akin to spousal and child abuse which we read a lot about today, where the people being abused have a hard time moving away from their abuser.
We live in a democratic country. It is not perfect by any means and we have done some really horrible things as a country, but we have continued to try to better ourselves morally and otherwise. When we have seen transgressions we have attempted to address them – first by a few activists who are out front before the rest of us know what they are talking about, and then gradually by the many who begin to get the message and the veil drops from their eyes giving them clearer sight.
We hope Bettina’s Hall of Shame gives you something to think about as to the length institutions and people will go to harm one another. We hope you will reach out to do something about these transgressions. We can, each one of us, in our own way, contribute to stopping this and relieving some of the pain and suffering these ways have caused our sisters and brothers, mothers and fathers, children and grandchildren, nieces, nephews, cousins and friends.
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We submit to you BANK OF AMERICA as the first institution taking its well deserved place in BETTINA’S HALL OF SHAME. What say you? What will you do?

Respectfully submitted by All of Us at Bettina’s
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Editor’s Note on contributors to Bettina’s Blog

Friday, September 4th, 2009

copyright The Bettina Network, inc. 2009

We love to receive blogs from those who have stayed in a Bettina home. While we enjoy reading all of the blogs we receive, we only post blogs from people who have stayed in one of the homes in the Bettina Network.
The purpose of Bettina’s Blog is to stay in touch with guests and to let them know what is happening among other Bettina guests. We especially try to keep our guests up to date on breakfast conversations because most of our guests find breakfasts particularly enjoyable and interesting. We hope the rest of you enjoy reading the blog and will call the Bettina Network when you travel so you too can contribute to Bettina’s Blog.
TO RESPOND TO THIS BLOG email comments to info@bettina-network.com
TO LEARN MORE about the Bettina Network, inc. try www.bettina-network.com
IF YOU ENJOY OUR BLOG, USE OUR SERVICES TO BOOK YOUR ACCOMMODATIONS WHEN YOU TRAVEL!!! 1-800-347-9166 inside U.S. or 617-497-9166 outside or inside the U.S.

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