Comments on: LandAmerica settlement hard swallow for former customers http://www.richmondbizsense.com/2009/10/20/landamerica-settlement-hard-swallow-for-former-customers/ Richmond's Homepage For Business News Tue, 16 Mar 2010 19:40:35 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Mrs. ROBERT Oliver http://www.richmondbizsense.com/2009/10/20/landamerica-settlement-hard-swallow-for-former-customers/comment-page-1/#comment-11058 Mrs. ROBERT Oliver Thu, 10 Dec 2009 16:10:07 +0000 http://www.richmondbizsense.com/?p=12489#comment-11058 I know that my comments will not make a difference. But I must speak up on the subject of LandAmerica bankrupthy. I have watched my husband work for years to accumulate some assets in apartment property. He managed, leased, maintained, and finally last year decided to sell his apartments and retire. He is now 77 years old, and waited many years beyond normal retirement so that we would be secure. At the closing of the property we were advised by our attorney, to put the money with Landamerica in the 1031 exchange, which seemed to be the right thing to do, until he could invest for the future. It is hard to see him lose all his life earnings, and we do not have the heart to even tell our children what has happened. This was money that could have been used to educate our grandchildren, and take care of us in our elderly years. Thie sad thing is that we never seem to find any resolve to this, and we seem to be the last ones to know about what is taking place.,eventhough we have legal representation. This is very sad. I know that my comments will not make a difference. But I must speak up on the subject of LandAmerica bankrupthy. I have watched my husband work for years to accumulate some assets in apartment property. He managed, leased, maintained, and finally last year decided to sell his apartments and retire. He is now 77 years old, and waited many years beyond normal retirement so that we would be secure. At the closing of the property we were advised by our attorney, to put the money with Landamerica in the 1031 exchange, which seemed to be the right thing to do, until he could invest for the future. It is hard to see him lose all his life earnings, and we do not have the heart to even tell our children what has happened. This was money that could have been used to educate our grandchildren, and take care of us in our elderly years. Thie sad thing is that we never seem to find any resolve to this, and we seem to be the last ones to know about what is taking place.,eventhough we have legal representation. This is very sad.

]]> By: Pink Bunny Ears»Blog Archive » Well there was mutiny in Lagos, aboard the mean ship Skondi http://www.richmondbizsense.com/2009/10/20/landamerica-settlement-hard-swallow-for-former-customers/comment-page-1/#comment-10575 Pink Bunny Ears»Blog Archive » Well there was mutiny in Lagos, aboard the mean ship Skondi Sat, 31 Oct 2009 14:28:51 +0000 http://www.richmondbizsense.com/?p=12489#comment-10575 [...] money. Here’s Teddy’s letter to Paulson. Asshat. And now all that’s left is a bitter pill.  I’m shocked that anyone associated with LandAmerica would name a company BackInTheBlack.  [...] [...] money. Here’s Teddy’s letter to Paulson. Asshat. And now all that’s left is a bitter pill.  I’m shocked that anyone associated with LandAmerica would name a company BackInTheBlack.  [...]

]]> By: Kathy http://www.richmondbizsense.com/2009/10/20/landamerica-settlement-hard-swallow-for-former-customers/comment-page-1/#comment-10410 Kathy Fri, 23 Oct 2009 16:18:29 +0000 http://www.richmondbizsense.com/?p=12489#comment-10410 It's shameful that people like Ms. Passantino have been so abused by a wreckless and unethical financial industry. The auction rate securities fraud has continued for over one and a half years, with lives destroyed, and Congress has not said a word about it. How can we trust our financial system when they can get away with simply taking money -- and not giving it back? It's wrong. These people need their money back. It’s shameful that people like Ms. Passantino have been so abused by a wreckless and unethical financial industry. The auction rate securities fraud has continued for over one and a half years, with lives destroyed, and Congress has not said a word about it.

How can we trust our financial system when they can get away with simply taking money — and not giving it back? It’s wrong. These people need their money back.

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