re: BofA Refinancing: Bank Lending Goes Meta

ka5s — Sat, 27 Jun 2009 07:36:51 GMT

"they're lending to the bank that has gone back to the troth the most. So, yes, it'll probably get some traction. But there are "

Troth is one step away from marriage. Perhaps you mean trough?

Perhaps they are married, secretly, and loaning to each other keeps the wolf from THEIR door. Perhaps they are lending to banks for the same reason Willie Sutton stole from them; That's where the money is.

And perhaps stockholders are more interested in dividends than whether there will be an economy to make money off of in five years.

re: BofA Refinancing: Bank Lending Goes Meta

robotwong5 — Sun, 28 Jun 2009 16:38:56 GMT

I've been sitting back, and waiting for the bankers to take further advantage of their celestial status. The heat is off. They are emboldened once more, and it's back to S.O.P. Why not? They face no consequences for their actions. As a mere mortal, I am disgusted by their lack of conscience and principals. None of the crooks are really gone from the investment, banking, and corporate concerns. They've just shuffled themselves around.

In the beginning, I felt that fear tactic used implying that if they were allowed to fail the entire world economy would be crippled sounded and felt like the old WMD's in Iraq. I believed that we shouldn't have given them a dime. They'll just dream up some other scam to manufacture profit out of thin air. That is their job essentially, because the profit margins on doing business ethically won't give them the profit margins they seek.

Unfortunately, none of the politicians, and their moneyed cohorts don't give a darn about the rest of Americans. They gave trillions to those goons, but they are pitching a fit about funding health care for the nation. A drop in the bucket compared to trillions being squandered.

Of course they should be making mortgage loans. car loans to people like us, They had no intention to lend money to anyone but themselves.

I hate it when I'm right.