Lovely story about the most damaging, corrupt, sickening, disgusting corporate behavior in the history of planet earth. Not only according to this article, in my opinion, are they a traitor to their own clients like a doctor subverting his own patient giving him a false well diagnosis when the patient has cancer BUT they are a traitor to the nation that gave them life. Throw in this bag ALL the politicians in Washington Republican and Democrat alike who have given them the green light as long as I am sure they STUFFED their coffers. Cute of BOA to put toxic instruments
in a small corner, blow them up, if they fail make oodles of cash from the FDIC insurance which WE the taxpayers give them or secure low interest loans at the bargain basement window no one else has access to and leave their clients in the street. SHAME on them. Didn't their mothers teach them ethics?
BOA should CLEAN UP THEIR ACT before they make Occupy Wall Street angrier than it already is. They and all their compatriots like Goldman Sachs, Wells Fargo and other Wall Street banksters nearly took the global economy down while they ate ALL the money we and their clients had to offer them when they fail. One would THINK it would make them nauseated to be SO stuffed. Well I can tell you it makes ME nauseated since its my and all taxpayers' money! For an interesting paragraph in the article that particularly grabbed me look below:
Anyone who wants to know what the Occupy Wall Street protests are all about need only look at the way Bank of America does business. It comes down to this: These guys are some of the very biggest #$%^ on Earth. They lie, cheat and steal as reflexively as addicts, they laugh at people who are suffering and don't have money, they pay themselves huge salaries with money stolen from old people and taxpayers – and on top of it all, they completely suck at banking. And yet the state won't let them go out of business, no matter how much they deserve it, and it won't slap them in jail, no matter what crimes they commit. That makes them not bankers or capitalists, but a class of person that was never supposed to exist in America: royalty.
Self-appointed royalty, it's true – but just as dumb and inbred as the real thing, and every bit as expensive to support. Like all royals, they reached their position in society by being relentlessly dedicated to the cause of Bigness, Unaccountability and the Worthlessness of Others. And just like royals, they spend most of their lives getting deeper in debt, and laughing every year when our taxes go to covering their whist markers. Two and a half centuries after we kicked out the British, it's really come to this?
I continue to believe what MLK said: The arc of the moral universe is long but it bends toward justice. I surely HOPE he was right.