CHESSNOID

This BofA news seems to get worse by the headline. I just blogged about BofA laying off up to 30,000 people recently and this update has 10,000 more people getting the axe.  Ironic, the executives are still raking record bonuses.  If my memory serves me correctly, BofA also did take taxpayer money.  I would have [...]

The banks ask for a taxpayer bailout and our corrupt government grants it.  The banks promised they will help the people (taxpayers) by doing loan modifications and start lending more money out.  Instead, they lie about doing the mods and foreclose on people who are working with them and instead of loaning the borrowed money [...]

This is an example of how inefficient our government is.  We bailed out for-profit private banks with public taxpayer funds (aka Moral Hazard).  These banks should have been allowed to fail since they were insolvent.  That is why we have the FDIC.  Instead we heard a load of crap that they were “too big to [...]

Just saw this on TV but didn’t read anything about it until I did a search.  Very odd that Buffett bought into Bank of America after they violated attorney general settlements. I am glad the state attorney generals are going after the company and hope they make them pay or put them out of business. [...]