[Seaplaner]

Said Senator Durbin recently..."Bank of America customers, vote with your feet. Get the heck out of that bank...Find yourself a bank or credit union that won't gouge you for $5 a month and still will give you a debit card that you can use every single day."

Words mean things, and vicious and vituperative instructions to obedient people have consequences.

I suspect (but do not know for sure) that B of A was having "issues" anyway; and that the Durbin venom may have poisoned a flicker of a recovery.

Speaking of recovery, if B of A swan dives, it would be yet another anchor on our foundering economy.

.

[DB]

As I understand it BofA was poisoned with the purchase of Countrywide which happened because the Fed demanded BofA buy it.