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.
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It is obvious you do not bank at Bank of America. If you did, you would know BOA is the most conservative, tight lending institution in America. They do a credit check to open an account there. I banked there until a few years ago until I moved states. BOA probably never needed the Bailout money but took it to put or keep competitors at a disadvantage. If you notice, anytime banks are mentioned for having made bad loans or having high foreclosures, BOA is never on the list. That is either a great PR department, or tight lending.
BOA took 25 billion dollars in the fall in govt bailout money. they just received an additional 25 billion a few days ago. they have yet to disclose what was done with the 1st 25 billion. if they made such great business loans and practices why are they hurting? why do they need bailing out? if i walked into BOA applied for a loan i would have to explain why i wanted the money and where it was going. they have done nothing but take and take and take and take and take. its hipocrasy. i’m sick of it. no good will come of the 50 billion they were given except to make the rich richer. its obvious they are in bush’s back pocket. they got their money before obama takes over. corporations have had free reign in this bush cheney era and look where there greed has taken us. so much damage was done this past eight years and bank of america is a classic example of politicians and lobbyist manipulating things to their own end for the past eight years. i’ll never give BOA a dime of my business. CROOKS! BOA FORMERLY KNOWN AS C&S- CHEAT AND STEAL!!!