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Bank of America Secretly Asking Congress for Bailout »

Posted by: Neophile 1 year, 9 months ago

Archived 27 0 drops

As losses from bad mortgages and mortgage-backed securities climb past $200 billion, talk among banking executives for an epic government rescue plan is suddenly coming into fashion.

Read Full Story at nytimes.com »

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Neophile

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Comments: 4

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texangelwings
Feb. 25, 2008, 9:55 a.m.
The loan officers and the board members are suppose to be educated in determining weither of not a person can afford a loan. The standard loan rules; Longterm debt (CC's, loans, cars), coupled with a house payment, insurance and property taxes should not exceed 40% of a persons income!
I have no pitty for these banks, greed got the best of them, no one bails out the American People!
Here is a crying towel for BoA!
Thanks Neo, got that out of my system!
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marshx
Feb. 25, 2008, 12:42 p.m.
maybe when they make maga profits in the future they'll voluntarily pay extra tax!