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Home › BLOGS › Ian McMaster ›

Getting the bird

15.03.2010
Ian McMaster
Ian McMaster
Editor-in-chief
Commenting on global business issues
Tags
  • Bank of America
  • foreclosure
  • Maynard
  • mortgage
  • parrot
  • Pittsburgh
  • US
  • Print
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Sometimes, you read a news story that is just too good to be true. Not because the news is positive or the story has a happy ending, but because it is so unbelievable that nobody would dare to make it up.

I came across just such a story last Friday, while reading The Wall Street Journal over lunch. This might not be everyone's idea of a good time, but I like the newspaper a lot, particularly since it changed to a handy tabloid format.

The story in question is about a character called Luke, the Bank of America Corporation, and a 46-year-old woman called Angela Iannelli, who lives just north of Pittsburgh.

Bank of America sent a contractor to Ms Iannelli's house last October. While she was away, the contractor entered the house, cut off her utilities, changed the lock and secured the property.

With rising unemployment and falling house prices, millions of mortgage borrowers in the US have defaulted on their payments and/or had their properties taken over by their banks.

The problem in this particular case, however, was that Bank of America made a serious boo-boo. Ms. Iannelli hadn't defaulted on her payments more than once, nor had she left her property vacant as the bank seemed to believe.

No wonder Ms Iannelli was so furious and is suing the bank for damages of more than $50,000.

But what about the character called Luke in this story? Well, he was Ms Iannelli's 11-year-old pet parrot, and the Bank of America's contractor stole him, too, when he secured her property. Quite!

Ms Iannelli and Luke were separated for more than a week, and Ms Iannelli claimed she needed medication for the resulting emotional distress.

Maynard and Ian before the fight
Maynard and Ian before the fight
I have to admit that, despite Ms Iannelli's justifiable outrage, I found the story more than a little amusing. Maynard, my own pet parrot and a brilliant economist, was disgusted by my reaction and clearly thought I wasn't fit to be a parrot owner.

"Just wait until your bank breaks in here and steals me," Maynard squawked. "Well, I won't wait for that," he continued angrily, and flew out of the window.

I miss him terribly and do hope he comes back. I promise not to laugh at stolen parrot stories again.

es wagen
ihn/sie/es sich auszudenken
zufällig entdecken
praktisch
Boulevardzeitungs-
Figur
Konzern
Vertragsfirma; hier: Handwerker
ihr den Strom, das Wasser und das Gas abstellen
die Immobilie sichern
Hypothekenkreditnehmer
ihre Zahlungen nicht leisten können
(ugs.) Fehler
leer
wütend
verklagen
Schadenersatz
Papagei
behaupten
Kummer; hier: Trauma
verständlich
Entrüstung
Wirtschaftswissenschaftler(in)
entsetzt
nicht das Zeug haben dazu
krächzen
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COMMENTS

Submitted by Maja Sirola on Wed, 31/03/2010 - 10:23.
Very amusing. Has the parrot returned?
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Submitted by Ian McMaster on Wed, 31/03/2010 - 13:59.
You will be relieved to know that Maynard is back safely and is thinking hard about the eurozone's plan to rescue Greece.
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Submitted by Deborah Capras on Wed, 07/04/2010 - 07:42.
Well at least someone with intelligence is ;-)
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