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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Maloney who wrote (412701)12/19/2010 5:25:02 AM
From: Giordano Bruno2 Recommendations  Read Replies (2) of 436258
 
Bank of America received US $20 billion in the federal bailout from the US government through the Troubled Asset Relief Program (TARP) on 16 January 2009 and also got guarantee of US $118 billion in potential losses at the company.[74] This was in addition to the $25 billion given to them in the Fall of 2008 through TARP.

According to a March 15, 2009 article in The New York Times, Bank of America received an additional $5.2 billion in government bailout money, channeled through American International Group.

In 2010 the bank was accused by the US federal government of defrauding schools, hospitals, and dozens of state and local government organizations via misconduct and illegal activities involving the investment of proceeds from municipal bond sales.

en.wikipedia.org.

Do you see even a shred of concern for the defrauded schools, hospitals and local government organizations which were scammed by the very bank which only eight months earlier, along with others of the same moral ilk, concocted a similar scheme with zero regard for the taxpayers whom once bailed them out and are again having to foot the bill for their criminal habit?

dealbreaker.com

Because, once again, those criminal losses do trickle down to taxpayers.

So if, as he says, " Stocks love it. "

I would add taxpayers don't and are sick of being repeatedly fu*ked over by banks which are happy to be saved but in the end share many of the same characteristics as leaches only worse.

Maybe you're right and it wasn't an endorsement - it was just sick.
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