Bank Of America Lays Off 200 (Wichita, KS - Refi, Mortgage Collapsing)

[hatrack]

More than 200 Bank of America employees received layoff notices Wednesday.

About 230 workers in the mortgage loan fulfillment center at 901 George Washington Blvd. will join another 90 or so employees who were laid off in June. The center handles new consumer mortgages and refinancing.

"As we had talked about earlier in the summer, it's really a result of... consumer demand for mortgages across the industry dropping," said spokeswoman Julie Davis, who is based in Atlanta.

EDIT

She said year-to-date mortgage originations for the bank are $69.2 billion. Last year was a record year at $131 billion."

EDIT

http://www.kansas.com/mld/kansas/business/10093021.htm

Well, manufacturing - one leg. Housing bubble & refinancing - two legs. What's holding up the stool?

[smirkymonkey]

1. Here we go....

welcome to the next four years! :mad:

[SnowGoose]

2. Enjoy the next 4 years of Bush, America!

[amandae]

3. Well, only so many people can buy houses with no job.

[mhr]

4. This Is Proof That Faith Based Politics Works - Only GOD Could

hold up that stool.

Regardless, one does not exist on faith alone for long.

[booksenkatz]

5. But morals are more important than jobs, so what's the problem :puke:

[calico1]

6. Let's see...

Kansas voted for Bush, right?

Screw them.

My apologies to Kansas DU'ers.

[amandae]

9. I live in KS and feel the same way ...

:hi:

[KansDem]

18. apology accepted

:)

[Yavin4]

7. Corporate America Is Not Wasting Any Time Are They?

Day after the election.

[Child_Of_Isis]

15. Yes, they have been a busy bunch huh?

The sicko that I am, I am gaining personal satisfaction from it all. No sympathy here!

[KansDem]

19. I thought the same thing...

Wondered how many voted for Bush on Tuesday only to be out of a job on Wednesday...

"Hey! Can I redo my ballot???"

[Rockholm]

8. Kansas + Red State...Fuck 'em.

[Purrfessor]

12. I agree...they can always enlist in the military if they need a job

middle class republicans voting for Bush is like an abused spouse bailng the abuser out of jail.

I will enjoy watching the many ways in which Bush screws the very people who voted for him. Of course, as long as gays can't marry, abortion is illegal, and guns are God's gift to Americans, these people will smile all the way to the bread lines.

Ha Ha.

[suegeo]

35. Then if they get wounded Bob Dole can conduct an inquiry

If they get wounded while serving the military, Bob Dole can conduct a full scale investigation into whether or not they "hardly bled"

[Randi_Listener]

10. Oh welll...pray to God and Fuckface

They'll take care of the whole fucking thing.

[The_Casual_Observer]

11. Hey BofA employees! Fuck you!

It's getting to be Christmas time too! GOOD. There isn't any jobs in that shit place, so I guess they might have to move in with Grandma and share her SS check.

[Robert Oak]

13. May they all be evangelical christians who went out gay bashing n/t

[Hobarticus]

14. I say again: goddamn shame, my heart bleeds. n't

[Cobalt Violet]

16. Yipeeeeeeeeee!

I am now the cheerleader of every Red State job loss.

You got what you voted for.

Now go to church.

[mama]

20. A lot of us Democrats happen to live in red states

And gave our all to defeat Bush. In my case, I live in Ohio, worked for the campaign, donated money, attended rallies. Many, many good people in Ohio. Some volunteering full-time because their jobs were already gone. Please don't cheer if I'm next. We tried our best.

[wellstone_democrat]

29. Hey, I'm in Texas and I have no sympathy

I worked my ass off and gave money I could not afford because I wanted him out. That the day *after* the election these other red state people got what they refused to see is simply reality coming home.

Hell, I know someone bankrupted by Enron in Houston who voted for Bush*---I'll save my pity for you and me friend. Those who worked hard to defeat Bush* but, on a megascale? I'm not heartbroken if next layoff is in Dallas. Not one friggin bit.

[llmart]

22. I'm with you!

Yee haw! (No offense to DU'ers and Dems in Kansas. I hope you know that's a given.) But from here on in, I'm rejoicing in every single announcement like this in red states. Bring it on!

[fudge stripe cookays]

17. Time for a LTTE to the Wichita paper.

"You guys in Kansas voted for Bush, right? Thought he was really great? Well, enjoy the next four years! Idiots."

The Blue States

[GeoK]

21. G'Damn KANSANS!

I tried to talk to these REDHEADS here about this, but Noooooo! I'm a blue dot in a sea of red!

[SCRUBDASHRUB]

26. Voted blue in a red state. I'm trashing all my red clothes!

[ydya]

23. He's got a mandate....and he's using it. Now that the election is over,

enjoy your pink slips 'Murikuh.

[Buddyblazon]

24. Not to be a dick...BUT...

when we hear about upcoming lay-offs...we should get people on the ground to greet them as they are leaving the building for the last time.

"Did you just get laid-off?"

"You did? I'm so sorry...who did you vote for?"

"Kerry?...I'm so sorry. Here's my number...lets see if we can't get you a job using the power of DU."

or

"Bush?...Well...here ya go...the military is hiring...here are the enlistment papers."

[wellstone_democrat]

28. Nah, that's not being a "dick" that's being helpful

its the truth after all, why should I comfort them when:

my sister is totally disabled and facing health services cuts
my son is gay
my best childhood friend desperately hoped stem cell research would give her relief from Parkinson's or give it to someone else up the line
my son's best high school friend is in Iraq --- and forced out of college after discharge and being placed on IRR. Oh, and his wife is in danger of losing their house.

And, someone here is going to want me to be sympathetic to Bush* voters? Not me, I'll help Kerry voters though---whenever I can.

[msanthrope]

25. Fuck you, Kansas!!! n/t

[RinaJ]

27. Here comes the Rapture!

Fuck Kansas.

[RamboLiberal]

30. What's the Matter with Kansas - Read this book

if you want an understanding of the morans who vote against their own economic and health issues in the Red States. Maybe some day like Thomas Frank the idiots there will wake up!

What's the Matter with Kansas?: How Conservatives Won the Heart of America

The largely blue collar citizens of Kansas can be counted upon to be a "red" state in any election, voting solidly Republican and possessing a deep animosity toward the left. This, according to author Thomas Frank, is a pretty self-defeating phenomenon, given that the policies of the Republican Party benefit the wealthy and powerful at the great expense of the average worker. According to Frank, the conservative establishment has tricked Kansans, playing up the emotional touchstones of conservatism and perpetuating a sense of a vast liberal empire out to crush traditional values while barely ever discussing the Republicans' actual economic policies and what they mean to the working class. Thus the pro-life Kansas factory worker who listens to Rush Limbaugh will repeatedly vote for the party that is less likely to protect his safety, less likely to protect his job, and less likely to benefit him economically. To much of America, Kansas is an abstract, "where Dorothy wants to return. Where Superman grew up." But Frank, a native Kansan, separates reality from myth in What's the Matter with Kansas and tells the state's socio-political history from its early days as a hotbed of leftist activism to a state so entrenched in conservatism that the only political division remaining is between the moderate and more-extreme right wings of the same party. Frank, the founding editor of The Baffler and a contributor to Harper's and The Nation, knows the state and its people. He even includes his own history as a young conservative idealist turned disenchanted college Republican, and his first-hand experience, combined with a sharp wit and thorough reasoning, makes his book more credible than the elites of either the left and right who claim to understand Kansas. --John Moe

http://www.amazon.com/exec/obidos/tg/detail/-/0805073396/qid=1099598318/sr=8-1/ref=pd_csp_1/104-1936124-1904718?v=glance&s=books&n=507846

[havocmom]

31. Mortgage companies have been outsourcing loan processing for months

My daughter works with lenders and has had some frustrating chats with people in India trying to convince her they are in the US. She said it is a dead give away if they call Tucson when they are looking to speak to someone somewhere in TEXAS. LOL

So the lenders are having trouble cuz nobody is buying houses?!? Poor babies. Maybe they shouldn't have sent the work overseas and laid off their own clients, the dumb, greedy bastards!

[Desperadoe]

32. Hey Kansas

You say you lost your job? You say you have no money for groceries to feed your wife and kids? Here, have a couple of bags of these hearty, delicious "Family Values". They're great with "Faith-based Christian Soup"

[Carolina]

38. LOL

priceless post!

No sympathy here for red state woes and I live in one. The red state wonders who voted for his Moralcy can go jobless, homeless and eat shit for all I care. Let their guns and god sustain them.

[TexasSissy]

33. I wonder who those 230 workers voted for?

[delete_bush]

37. I would say Kerry's opponent would be a good bet...

Sedwich County (Wichita)
Bush 105,413 62%
Kerry 61,418 36%
Nader 1,276 1%

Results for Kansas:
Bush 717,507 62%
Kerry 420,846 37%

They also believe Chimpy's doing a swell job....

HOW BUSH IS HANDLING HIS JOB
BUSH KERRY
Approve (62%) 96% 2%%
Disapprove (37%) 4% 95%

[devilgrrl]

34. Boo fucking hoo Kansas!

You get what you vote for :nopity:

Don't forget to say hello to Fred Phelps now. :hi:

[orlin2k]

36. Fuck Kansas

Read What's the Matter with Kansas?: How Conservatives Won the Heart of America. Great book

[trueblew]

39. Will these jobs be going to India?

Too bad, Kansas. Remember, if Bush doesn't kill you, he makes you stronger. Pray harder next time.

[PearliePoo2]

40. let's fast forward this thing now, can't wait!

gotta change my log-in, but don't know how yet.
Arrogant, cocky Smirk didn't waste any time. Good. and for all those people that are smirk voters that just got pink slips, well....... I hope that when you 4x4, gun rack toting, confederate flag waving, in-bred out-of work bastards go to the food bank, the shelves are bare. Let Jaysus' divide the fishes and loaves of bread for you.
I have always been ready to help ANYONE, but no more.
Screw you and the crock you rode in on.

[ochazuke]

41. Faith-Based Economy!

Believe, people. We can ALL be RICH if you just BuhLEEve.

[Prisoner_Number_Six]

42. Are there no prisons? Are there no workhouses?

:toast: