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Old 10-29-2011, 03:24 PM
 
3,335 posts, read 2,712,752 times
Reputation: 921

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Great interview of Bill Black regarding BAC moving toxic assets to BofA. Which makes the tax payer liable of all losses.

FDIC leaked the story, TAX PAYER IS SCREWED.

Glass / Steagle needs to be repealed. FED needs to go away and lock up all the thieves.

New Economic Perspectives
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Old 10-29-2011, 05:47 PM
 
Location: Warwick, RI
3,700 posts, read 4,566,472 times
Reputation: 5953
Shouldn't you be out occupying something? Besides, BACs not so bad. I've made a ton of money the last two weeks on BAC stock. If things keep going this way, you and your protester pals are gonna have to come occupy my front yard, LOL!
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Old 10-29-2011, 05:58 PM
 
Location: Wartrace,TN
6,506 posts, read 10,244,332 times
Reputation: 12853
Quote:
Originally Posted by modeerf View Post
Great interview of Bill Black regarding BAC moving toxic assets to BofA. Which makes the tax payer liable of all losses.

FDIC leaked the story, TAX PAYER IS SCREWED.

Glass / Steagle needs to be repealed. FED needs to go away and lock up all the thieves.

New Economic Perspectives
You mean Glass steagall needs to be needs to be REINSTATED. (The law was effectively repealed by the Gramm–Leach–Bliley Act in 1999) Funny how in less than ten years the Gramm–Leach–Bliley Act put our entire financial system in jeopardy.
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Old 10-30-2011, 01:07 AM
 
3,335 posts, read 2,712,752 times
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Quote:
Originally Posted by treasurekidd View Post
Shouldn't you be out occupying something? Besides, BACs not so bad. I've made a ton of money the last two weeks on BAC stock. If things keep going this way, you and your protester pals are gonna have to come occupy my front yard, LOL!
I live too comfortable to sleep outside, in frigid weather, on hard concrete in the bowels of greed. I don't have the tenacity to do what they are doing.

You are the money lover i was accusing Escort Rider of being.

There are few things i loathe more than people that love money, more than they love people. I feel sorry for you.

Note: You don't want me knowing where your front yard is located. LOL to you.
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Old 10-30-2011, 01:08 AM
 
3,335 posts, read 2,712,752 times
Reputation: 921
Quote:
Originally Posted by Wartrace View Post
You mean Glass steagall needs to be needs to be REINSTATED. (The law was effectively repealed by the Gramm–Leach–Bliley Act in 1999) Funny how in less than ten years the Gramm–Leach–Bliley Act put our entire financial system in jeopardy.
yes, thanks for the correction.
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Old 10-30-2011, 01:16 AM
 
Location: NJ
18,668 posts, read 18,159,389 times
Reputation: 7285
If one dumps BOA short-term, yes they can profit, but BOA is to banking what Chrysler was to autos. A walking corpse, that I'd bet will have its few viable parts sold off to smaller competitors. BOA itself will be DOA, IMO, within the next 12 months.
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Old 10-30-2011, 01:22 AM
 
3,335 posts, read 2,712,752 times
Reputation: 921
Quote:
Originally Posted by bobtn View Post
If one dumps BOA short-term, yes they can profit, but BOA is to banking what Chrysler was to autos. A walking corpse, that I'd bet will have its few viable parts sold off to smaller competitors. BOA itself will be DOA, IMO, within the next 12 months.
While the tax payer bails them out too.

Bank Of America Dumps $75 Trillion In Derivatives On U.S. Taxpayers With Federal Approval - Seeking Alpha
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