Dec 10 2008
Bank Of America Continues Bad Lending Practice
Banks being forced to make bad loans is how we ended up in this financial mess to begin with. Now, Bank of America has caved and will be giving Republic Windows and Doors factory “a limited amount of additional loans.” That’s so it can resolve claims of employees who have staged a sit-in since Friday.
The factory was closed after Bank of America cut off their credit because they were too high risk and could not pay the loans back.
Those Chicago workers learned well from ACORN.
I am glad I do not do business with Bank of America. If I did I would have to pull my funds out since they knowingly have decided to continue their bad business practices.
