Reply #94: If I had friends or family with accounts at BofA... [View All]

[CoffeeCat]

I would tell them to get the frick out now.

Seriously. I fail to understand how BofA makes it through this.

I skimmed through this article--I hope to read in greater detail later this evening--and I couldn't
believe what I was reading.

Derivatives? Credit-default swaps? Seriously. WTF?

This is 2008 all over again--and we're supposed to PAY for their continued crimes?

I just watched "Too Big To Fail" today on HBO. I think I want to hurl in my mouth.

Please remember--the banks promised when we bailed them out, that NEEDED the funds to unfreeze
the credit markets and to ease inter-bank lending. The promised to use the bailout funds
to unfreeze the credit markets. THEY DID NO SUCH THING.

So, let's get this straight. The banks:

1.)Bribed and corrupted our politicians and perverted our entire democracy by paying off our politician--in order
to purchase deregulation and to relax banking standards.

2.)Dove into this deregulated environment and made a shit ton of money doing risky business that made them
outrageously rich--when they knew it was all a house of cards that would come tumbling down.

3.) Demanded that "We The People" bail them out--from a mess of their own making (that garnered them
trillions in profits) and then they didn't use OUR MONEY as they promised.

4.) Then, the banks proceeded with the same risky/greedy schemes and now it's all going to hell again.

And we're supposed to bail them out again?

We've got Wall Street occupied--during a time of great emotion and uprising--and now the banks are crashing
again due to the same greedy, criminal behavior that caused the 2008 crash?

O........M...........F.......G