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1 posted on 09/09/2011 7:51:05 AM PDT by SeekAndFind
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To: SeekAndFind

Under what authority does this guy think the government should do this? I’ve read the US Constitution and I never saw anything that said some companies are too big to fail and therefore the government can take them over at any time and run them.


2 posted on 09/09/2011 7:54:33 AM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: SeekAndFind

And let us NOT forget that the 2012 Dem convention is being held...where you ask?..why, in North Carolina....BoA’s home state...yup Gov Perdue should have lots of fun next year..


3 posted on 09/09/2011 7:56:17 AM PDT by ken5050 (Save the EARTH...it's the ONLY planet with CHOCOLATE!!!)
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To: SeekAndFind

If the existing operations are fine, then it is in the interest of the creditors to keep it running and generating income so they can be paid off. Everyone wants them to muddle through.


4 posted on 09/09/2011 7:57:39 AM PDT by proxy_user
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To: SeekAndFind

Not sure how warren (pay more taxes)buffett will profit from this,but rest assured he will.


5 posted on 09/09/2011 8:03:31 AM PDT by woodenickel
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To: SeekAndFind
after wasting hundreds of billions of dollars propping up businesses that were to big to fail we come to the conclusion it's better to let them fail? Great.
7 posted on 09/09/2011 8:09:18 AM PDT by paul51 (11 September 2001 - Never forget)
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To: SeekAndFind

Every negative story like this will cause the underlying stock to go up. Happens every time.


8 posted on 09/09/2011 8:09:21 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: SeekAndFind
I worked for Barnett Banks when Nations Bank, now Bank of America, acquired us. They paid over 4 times book value, then threw out everything we were doing to demand that premium.

Big is not better. I always felt they kept acquiring banks to obfuscate the fact that they were not making money.

What I still find laughable is that when you go into a branch, they have to ask you what state you opened your account. Amazing.

11 posted on 09/09/2011 8:11:38 AM PDT by FatherofFive (Islam is evil and must be eradicated)
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To: SeekAndFind

Hey, BoA - How’d that Bank of Amigo strategy work out for ya?


12 posted on 09/09/2011 8:13:37 AM PDT by Larry - Moe and Curly (Loose lips sink ships.)
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To: SeekAndFind

Companies that continually make bad business decisions need to die, and not keep being bailed out by the taxpayers.

Let it go.


14 posted on 09/09/2011 8:15:18 AM PDT by dfwgator
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To: SeekAndFind

Rather interesting business model,
Buy up and merge with nearly every bank under the sun, then shut nearly all of them down thus eliminating the competition.
In the old west they just shot the competition.


17 posted on 09/09/2011 8:16:37 AM PDT by Joe Boucher ((FUBO) Obammy is little more than a quota boy with a teleprompter)
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To: SeekAndFind

He is frighteningly credible.

And, he did not even mention the mess with the paperwork trail and inability to convey clear title to the properties that were bundled as investments.

The multiple sales of the same properties must have been an integral part of the scheme. That is why they were not recorded at the local courthouse with the MERS. That failure allowed the multiple sales to take place.

BIG Securities FRAUD! Someone MUST GO TO JAIL.


21 posted on 09/09/2011 8:25:09 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: SeekAndFind

Can someone please explain to me what happens if you have your mortgage with Bank of America? They have messed up my payments since they took over Countrywide and are threatening to forclose despite many, many letters and phone calls trying to straighten out the mess. Thanks for help from anyone.


22 posted on 09/09/2011 8:25:40 AM PDT by ponz7
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To: SeekAndFind

But what would we do with the millions of tons of pure evil that Bank of America contains? Can it be recycled somehow, such as being used to build law offices? And what would we do with those hordes of incompetent employees, who are not even fit for government work?


23 posted on 09/09/2011 8:27:16 AM PDT by BlazingArizona
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To: SeekAndFind

I’d rather have a bank that was guaranteed by my state, rather than the feds. A state has real assets to back it up (land/property), and would be much easier to convert to a gold standard.


24 posted on 09/09/2011 8:31:54 AM PDT by Salvavida (The restoration of the U.S.A. starts with filling the pews at every Bible-believing church.)
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To: SeekAndFind

Bank of America is one of the 9 annointed banks that served the US Government during TARP. None of the 9 annointed banks will be at serious risk of failure. The Fed Gov will save them. This is how they play ball in the big leagues. Maybe Bank of America should go bankrupt but the government will not allow it. Even under a Republican president, the Federal government will not allow Bank of America to fail. The 9 annointed banks and the US government are now joined at the hip.


28 posted on 09/09/2011 8:57:37 AM PDT by Freedom_Is_Not_Free (SP12: They called Reagan "unelectable", too.)
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