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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (625966)	8/27/2011 11:29:16 AM
From: Alighieri	Read Replies (1) \| Respond to of 1578561

That's going to help BoA a lot, especially considering the glut of foreclosed homes that they're stuck with. Must be nice having a hand in creating the financial crisis, then getting help from the government as a "reward." All under the guise of helping homeowners. Whoa!!! Lots of assumptions...and they haven't even published the plan details yet,...if they even do it, and that's a big if....that the homes BoA has in hand as foreclosed would be eligible for refi (by who? the previous homeowners?)...that the banks actually would welcome this (what is the balance of benefits between collecting lower interest payments vs homes that will foreclose and that the bank will take over and sell?) ... that the cost/benefit balance for the government is not a key driving force...etc...dude, your cynical side is taking you over... In light of that, I think BoA has been beaten up WITHIN reason. Of course it's a "bargain" now that BoA is going to be "too big to fail." Dude, again, the loans they are talking about are already gvmt guaranteed....a little maturity here please? There are just way too many problems with messing with the free market. Creating or sustaining artificial bubbles is always a recipe for disaster. Not for Buffett, of course, but for the market in general. LOL...more of the same late night conspiracy theories Al