Tuesday, April 22, 2008

Bank of America profits down! Hola suckers!

"NEW YORK, April 21 -- Bank of America, which has a sprawling business in personal and commercial loans, reported a 77 percent decline in profit Monday, the latest indication of how financial troubles that started with sub prime mortgages have spread across the credit markets-Washington Post

I guess the great financial geniuses at The Bank of America who came up with the plan to give credit cards and sub prime mortgage loans to illegal immigrants may not have had such a great business idea after all. Perhaps BOA should change their name to Bank of Idiots. What's next? Forget turning to CNBC and the Wall Street Journal to find out. If you would have been listening to Bob you would have seen this train wreck coming a long time ago.

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