Oh sure, now the banks get tough

Imprisoned wife murderer sues JP Morgan for cutting off his home equity line of credit. He’s hopping mad – needs the loan to post bail – and the friggin’ bank cancelled just because he has this little problem with the law. Where were these fiscal guardians when their cohorts were doling out “liar loans”? Go get’em, tiger – you need a loan and in America, that means someone owes you a loan!

UPDATE from happier times: WaMu gave OJ a second mortgage and they weren’t bothered by a little matter like wife killing.

Seattle Times (via NPR): “Someone in Florida had made a second-mortgage loan to O.J. Simpson, and I just about blew my top, because there was this huge judgment against him from his wife’s parents,” she recalled. Simpson had been acquitted of killing his wife Nicole and her friend but was later found liable for their deaths in a civil lawsuit; that judgment took precedence over other debts, such as if Simpson defaulted on his WaMu loan.

When I asked how we could possibly foreclose on it, they said there was a letter in the file from O.J. Simpson saying ‘the judgment is no good, because I didn’t do it.’

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