Somebody’s Lying at Bank of America Corp (BAC)

Considering that whistleblowers at other mortgage units — including Countrywide — have previously described just the type of purging behavior portrayed by the seven former workers, I would say that B of A’s characterization has less credence than that of the declarants.

Where the truth lies
Similarly, the bank’s allegation that the former workers are motivated to lie because they were fired from the bank doesn’t convince me. The bank notes that most, if not all, of these employees had been let go for inappropriate workplace behavior, but I can certainly imagine that complaining about such untoward and unethical practices could be construed by management as “inappropriate.”

For instance, William Wilson testified that he told supervisors on more than one occasion that the bank’s practices were “ridiculous and immoral.” I can certainly see where this behavior may have been considered inappropriate by his bosses, can’t you?

Who is telling the truth? I don’t know, but I am definitely leaning in the direction of the homeowners and ex-workers who claim to have endured the pain of dealing with the Bank of America Corp (NYSE:BAC) mortgage machine. If you need convincing, just read a few of the hundreds of comments left by readers of some of the articles referenced above. In the court of public opinion, at least, I think Bank of America has already lost.

The article Somebody’s Lying at Bank of America originally appeared on Fool.com and is written by Amanda Alix.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Bank of America and Wells Fargo (NYSE:WFC). The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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