Bank of America Secretly Asking Congress for Bailout »
Posted By Neophile 1 year, 8 months ago in Business & FinanceAs 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.
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Neophile
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texangelwings1 year, 8 months ago
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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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