This is just disgusting. BlogIT is considering his options on a deeply underwater mortgage. He's been trying to contact both Bank of America and government hotlines to get a mortgage modification.
But the banks got their bailouts; they're not gonna help the borrowers out.
In fact, Bank of America lied to him and threatened him with a huge tax liability in order to intimidate him into continuing to pay. Despite the fact that Congress passed the Mortgage Forgiveness Debt Relief Act which exempts these cases from tax.
I hope Ken Lewis gets the cell next to Mozilo and trembles when he hears the orange midget's screams in the night.
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