Yes the genius at the Bank of America are pushing a plan to help them out of the sub prime loan crisis. You remember Bank of America don't you? They are the geniuses who thought it would be a good idea to allow illegal immigrants to open up bank accounts with them. Then they went further and allowed illegal immigrants to get credit cards. Perhaps they should change the name of the bank to the Bank of Criminals.
Now these same corrupt banking officials have come up with a plan to help bail them out of their sub prime loan mess no doubt full of loans to illegal immigrants too. And guess who they want to be stuck holding the bag. Here is the money quote:
"Bank of America, which is in the process of acquiring Countrywide Financial and has potentially huge exposure, has circulated a proposal to create a new federal agency that would buy vast quantities of delinquent mortgages at a deep discount and replace them with fixed-rate federally guaranteed loans."-New York Times
Hola sucker taxpayers!
1 comment:
as usual we the people don't get a vote on this like every thing else
is done
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