Senate Majority Leader Harry Reid (D-NV) met with Bank of America (NYSE: BAC) CEO Brian Moynihan after his disgruntled constituents who have had trouble getting loan modifications completed with the Charlotte, NC-based bank asked for help.
Moynihan an Reid had a half-hour meeting, but Reid didn’t get much for answers. “He gave a lot of excuses…like…they had to buy Countrywide….Wachovia…and they had a lot of other problems,” said Reid, as reported by Las Vegas’s ABC affiliate, ABC 13 Action News.
“These jokers from wall street gambled our money away. If they made money they kept it. If they lost it, they came to me for help and that’s not a good system,” the senator added.
Sen. Reid reportedly told Moynihan that Bank of America’s actions have been a “complete disgrace” and that they would be held responsible for the hardship that their customers have suffered.
Bank of America CEO Brian Moynihan agreed to setup a special 1-800 line for Nevada customers and open three offices which would deal specifically with helping out homeowners with troubled mortgages and work closely with Senator Reid’s staff on case loads.
