For all the BOA haters - Page 2

z06boy · 07-16-2009, 04:02 PM

So the government guys were lying and the BOA CEO wasn't...oh yeah...that was the topic...almost forgot.

shmike · 07-16-2009, 04:03 PM

Quote:

Originally Posted by z06boy

So the government guys were lying and the BOA CEO wasn't...oh yeah...that was the topic...almost forgot.

Wrong thread.

I'm pretty sure this was about 'slice's money order and Rider's mortgage.

Homeslice · 07-16-2009, 07:08 PM

Quote:

Originally Posted by shmike

Wrong thread.

I'm pretty sure this was about 'slice's money order and Rider's mortgage.

It's my world, the rest of you just live in it.

pauldun170 · 07-16-2009, 07:10 PM

Quote:

Originally Posted by Homeslice

It's my world, the rest of you just live in it.

Shouldn't it be "live on it"

We're not goddamn cave dwellers up in this piece...
(ghetto talk for the day...quoto met)

Homeslice · 07-16-2009, 09:55 PM

Quote:

Originally Posted by pauldun170

Shouldn't it be "live on it"

We're not goddamn cave dwellers up in this piece...
(ghetto talk for the day...quoto met)

I believe that's "up in this mug"

Trip · 07-16-2009, 11:12 PM

I cleaned it up to get rid of a lot of the dumb shit. I think we probably all need a cool down lap, myself included. Either that or we all really need to get laid, I KNOW I DO! Course that hardly ever changes even when I do get some.

derf · 07-16-2009, 11:48 PM

z06boy · 07-17-2009, 10:30 AM

Quote:

Originally Posted by Trip

I cleaned it up to get rid of a lot of the dumb shit. I think we probably all need a cool down lap, myself included. Either that or we all really need to get laid, I KNOW I DO! Course that hardly ever changes even when I do get some.

Crap...missed some drama.

BOA earnings beat expectations...good for them. They've got $$ to pay back a good chunk of theTARP funds too but oh that's right...the government has to approve the payback. Talk about wanting control.

shmike · 07-17-2009, 10:35 AM

Quote:

Originally Posted by z06boy

BOA earnings beat expectations...good for them. They've got $$ to pay back a good chunk of theTARP funds too but oh that's right...the government has to approve the payback. Talk about wanting control.

I'm torn on this.

The "official story" for needing approval for payback is that the government doesn't want the banks to spread themselves too thin by repaying the funds.

By doing so, the first bump in the road could send them scurrying back to Uncle Sam for more handouts.

It's not about control of the banks but making sure they are able to stand on their own two feet before letting them run off on their own.

That is the explanation as I understand it, whether or not you believe it is another matter.

z06boy · 07-17-2009, 10:39 AM

Quote:

Originally Posted by shmike

I'm torn on this.

The "official story" for needing approval for payback is that the government doesn't want the banks to spread themselves too thin by repaying the funds.

By doing so, the first bump in the road could send them scurrying back to Uncle Sam for more handouts.

It's not about control of the banks but making sure they are able to stand on their own two feet before letting them run off on their own.

That is the explanation as I understand it, whether or not you believe it is another matter.

Sure that's the "official story" but no I don't believe it because it's BS.

BOA was told to raise a certain about of capital...they did...the amount was reconsidered and increased...they have that on hand now...still a hold up for some reason...humm...

07-16-2009, 11:48 PM	#7
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	__________________

07-16-2009, 04:02 PM	#1
z06boy Letzroll Join Date: Feb 2008 Location: Lake Norman area, NC Moto: 07 Red R1 & 07 Blue R6 Posts: 5,265	So the government guys were lying and the BOA CEO wasn't...oh yeah...that was the topic...almost forgot.