After BofA visited the Hawaii Legislature - the Legislators took the "moratorium" out of the foreclosure bill. Thank God for people willing to stand up and fight for a cause they believe in. The willingness to talk about these issues on camera takes a great deal of integrity.
Netra Halprin who worked for a Hawaii legislator exposed in Daily Finance how state legislator were given a special email and phone numbers for special deals on their homes and not struggling homeowners. From Daily Finance:
On about 5:30 p.m., Wednesday, March, Marvin Dang, Attorney for Hawaii Financial Services Association and David Swartley, Senior V.P., Regional Manager, Pacific Northwest, State and Local Government Relations, Bank of America, walked into our office in the capitol.
Swartley: "Bank of America is offering a special hot line to the Bank President for legislators, their staff, their families and constituents who need help with their Bank of America mortgages. It is the same number that we give to congresspeople and their families and aides. The line goes directly to the president's office, though they wouldn't be speaking directly with the president."
Halperin: "I also work for an attorney, James Fosbinder, who defends homeowners from mortgage foreclosure. Can I also give our clients this hot line number?
Swartley: "No, it is only for legislators and their staff, and family -- and constituents."
Halperin "Is that ethical?"
Swartley: "I think it's transparent. It is what it is."
Dang: "Let me explain it to you this way: I used to be a legislator. Constituents would call me about things like potholes. Even though it wasn't my responsibility I would send them to someone who could help them. People only call legislators if their problem is very serious. Our goal is to help legislators, to take the heat from constituents off of them."
http://www.youtube.com/watch?v=C4fZzIoQ8ms
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