|creative commons photo from Wikipedia|
Poor Jamie Dimon, Chairman and CEO of JP Morgan Chase Bank,
had to appear before the Senate Banking Committee today to explain a little
bookkeeping error of $20+ Billion dollars.
I wish he would appear at my house and explain a somewhat
smaller bookkeeping error his bank made with my mortgage. I was notified last
month that there was a shortage in my escrow account. The escrow account is
used to pay my homeowner’s insurance.
“What did I do?” I wondered.
It turns out I didn’t do anything wrong. They made an
error and did not withdraw enough money from my bank account to cover the
insurance. I’ve had the mortgage for many years and the insurance goes up maybe
$10 to $20 a year. Pretty simple. But now they say I owe them $500 and they
will take it out of my account in increments of $70 a month starting in July.
Labels: history, home, island life, odd facts