This story is archived

Bank of America Secretly Asking Congress for Bailout »

Posted by: Neophile 1 year, 10 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 »

Submitted By:

Neophile

I'm a Propeller Scout so if you have any questions or concerns, send me a message and I'll be happy to help.

This Story is Archived and Commenting is Closed

Comments: 4

Avg rating: (+0/-0 0)
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!
Avg rating: (+0/-0 0)
marshx
Feb. 25, 2008, 12:42 p.m.
maybe when they make maga profits in the future they'll voluntarily pay extra tax!