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PatrickforO

(15,420 posts)

17. Cases like this are the MAIN argument against so-called 'tort reform'

Sun Apr 26, 2015, 01:08 PM

Apr 2015

Not only should Laura Coleman Biggs be compensated for all those mortgage and insurance premium payments - 'made whole' in legal parlance, but the punitive damages against B of A should be HUGE. In fact, these punitive damages should be SO EXTENSIVE as to assure that B of A will NEVER practice this particular type of fraud EVER AGAIN.

If I were on the jury, I would advocate punitive damages of at least $50 million, which admittedly is a drop in the bucket in the face of the $4.8 billion net profit B of A had in 2014, but still significant.

Because that is the only purpose of punitive damages - to ensure the guilty party has sufficient incentive NEVER to do that particular thing again.

Good luck, Laura.

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Husband had loan insured, but bank never told his widow [View all] Omaha Steve Apr 2015 OP

I hope that lawsuit ensures she is well taken care of in her retirement nt okaawhatever Apr 2015 #1

Me too! DawgHouse Apr 2015 #16

k&r... spanone Apr 2015 #2

Another way the banksters cheat the people. jwirr Apr 2015 #3

I'm not surprised at all. When I handled my father's estate, the biggest nuisance by far involved Midwestern Democrat Apr 2015 #4

These financial corporations have raised corruption justhanginon Apr 2015 #5

+10 appalachiablue Apr 2015 #26

Can you imagine how many others are victims? CoffeeCat Apr 2015 #47

I presume, then, that you do not advocate equal pay for women. JayhawkSD Apr 2015 #52

So much wrong about your comment... CoffeeCat Apr 2015 #53

Not handling the finances does not require ignorance JayhawkSD Apr 2015 #54

Unless the partner is familiar with the situation, they are prone to fraud csziggy Apr 2015 #56

Responsibility is a forgotten concept. JayhawkSD Apr 2015 #58

The woman in this case was NOT irresponsible - she PAID the mortgage csziggy Apr 2015 #61

I'll help my family in their time of need but a bank pulls this shit kcr Apr 2015 #62

It's 98% of the banks that give the rest a bad reputation. lpbk2713 Apr 2015 #6

+1 FailureToCommunicate Apr 2015 #7

Hilarious, if it didn't have horrifying, real-life consequences. Joe Chi Minh Apr 2015 #11

snakes heaven05 Apr 2015 #8

These people are reprehensible TexasMommaWithAHat Apr 2015 #9

Despicable. Immoral and Unethical. Corporations are Legal Socipaths. Hiraeth Apr 2015 #10

Can we create a TNNurse Apr 2015 #12

great idea :-) secondwind Apr 2015 #24

B of A, no surprise. madamesilverspurs Apr 2015 #13

BofA is too big to function. Gormy Cuss Apr 2015 #57

evil B of A Liberal_in_LA Apr 2015 #14

around my house azureblue Apr 2015 #15

I know, my bank sold our home loan to Nationstar. fasttense Apr 2015 #50

Cases like this are the MAIN argument against so-called 'tort reform' PatrickforO Apr 2015 #17

I Disagree Yallow Apr 2015 #19

How is this any different from a man robbing a store that gets 5 years? I'll tell you how sendit Apr 2015 #25

Cases like this are the MAIN argument against so-called 'tort reform' The CCC Apr 2015 #21

That would GUARANTEE they would be ethical the next time around. PatrickforO Apr 2015 #40

The problem always is the judge sendit Apr 2015 #23

Malevolent fucks! Enthusiast Apr 2015 #18

Thread winner BrotherIvan Apr 2015 #35

Fraud is what they do. Enthusiast Apr 2015 #37

Lender provided mortgage life insurance is a rip off to begin with Major Nikon Apr 2015 #20

My shrink tells me to trust tomsaiditagain Apr 2015 #22

K & R. Can they get any lower, more corrupt? And these bankers were deriding & insulting appalachiablue Apr 2015 #27

Scum sucking bottom dwellers !! benld74 Apr 2015 #28

The only way to stop this crap is to pay victims AND jail bankers. Spitfire of ATJ Apr 2015 #29

The penalties have to be staggeringly huge. That's the only language these banksters understand. calimary Apr 2015 #32

Another is to ban those responsible from the industry.... Spitfire of ATJ Apr 2015 #34

That'd be another tactic to use. But we'd have to make that FEROCIOUSLY strong. calimary Apr 2015 #41

That is the only way to stop it. Enthusiast Apr 2015 #38

another of the 99% Thespian2 Apr 2015 #30

I think they oughta be taken to the frickin' CLEANERS. calimary Apr 2015 #31

Take 'em down NV Whino Apr 2015 #33

shameful and yet, not at all surprising marym625 Apr 2015 #36

This happened to my sister in the eighties, sadoldgirl Apr 2015 #39

That same thing happened to my friend here in Florida classykaren Apr 2015 #42

How do you put a corporate person in prison? NBachers Apr 2015 #43

Better call Saul seveneyes Apr 2015 #44

every night when I go to bed NJCher Apr 2015 #45

Many businesses count on seniors not knowing things. They are ripped off every day. glinda Apr 2015 #46

Glad to see someone else post this story... chervilant Apr 2015 #48

no ethics in today's business schools. profit pigs. pansypoo53219 Apr 2015 #49

My wife knows we have mortgage insurance. JayhawkSD Apr 2015 #51

This is the tip of the iceberg. blackspade Apr 2015 #55

Latest in a string of insults from this bank Egnever Apr 2015 #59

Home loans are guaranteed by the FDIC also AgingAmerican Apr 2015 #60