BoA needs to sign up more illegal aliens. Pronto!
So what would prevent depositors from just packing up their cash after seeing this news and moving it to Wells Fargo or the like?
A congressional independent investigation needs to be done concerning BofA. Needs to be independent. No obamma/Rat influences! I hope Rep. Issa hears this!
Here’s the culprit.
http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act
Acting head of FDIC is now Obama's guy, having taken over from Sheila Bair.
He wouldn't act against BOA's interest, now, would he?
The average American has no clue what this means, and even the interested and engaged American citizen will never be able to figure out exactly what this means.
Did the FED push them to do this? Why? How deeply involved is US Treasury Dept in this decision? Does it mean more bailouts (or QE) coming for BoA?
Anyone who still has their cash in BofA should know better by now and gets what they deserve.
TRILLION —it’s the new, IMPROVED billion...!!!
/utter disgust