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Bailed Out Bank of America Sponsors Super Bowl Fun Fest

obvious Child said:
Because they can. Everyone is jumping on the bailout wagon. It's a reason why the Bailout wagon needs to have its wheels removed.
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Oh I see, and of course you defend this jumping on the bailout wagon?
 
American said:
Oh I see, and of course you defend this jumping on the bailout wagon?
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Are you actually asking or are you dishonestly implying as others do?

I'm on the fence on the bailout. To some degree we do need some bailout as a collapse of the financial sector in the economy would effectively bring a depression. That said, the level of what Obama and Bush are doing/did is ridiculous. The good bank/bad bank notion is almost as bat **** crazy as McCain's Communist Mortgage relief plan.

BoA probably needed some money, but hardly to the extent of what they got. The AIG bailout was beyond insane and Paulson should have been shot over it. Small bridge loan, NOT nationalization Dear King Henry.
 
obvious Child said:
Are you actually asking or are you dishonestly implying as others do?

I'm on the fence on the bailout. To some degree we do need some bailout as a collapse of the financial sector in the economy would effectively bring a depression. That said, the level of what Obama and Bush are doing/did is ridiculous. The good bank/bad bank notion is almost as bat **** crazy as McCain's Communist Mortgage relief plan.

BoA probably needed some money, but hardly to the extent of what they got. The AIG bailout was beyond insane and Paulson should have been shot over it. Small bridge loan, NOT nationalization Dear King Henry.
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I say they should get nothing. How many of their assets are truly American (i.e., USA)? What are their lending practices?
 
American said:
I say they should get nothing. How many of their assets are truly American (i.e., USA)? What are their lending practices?
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Who should get nothing? BoA? You do realize that if BoA went under, the Fed would be on the hook for effectively hundreds of billions in deposits no? So in a way, by giving them a mere $20 billion that keeps them alive and upwards of about $100 billion in promises for future losses, we are saving ourselves possibly even a trillion in overall cost. The alternative is to do away with the FDIC. Right now according to their interim financial, they have $857.845 billion in deposits. I'm guessing a large chunk of that is American citizen deposits. Given the increase to $250,000 in FDIC, if they go under, you, men and joe the plumber are on the hook.

Looking from a perspective in that aspect, we should bail them out to the extent where it costs us the fewest amount of dollars.
 
So it's exhortion?
 
Exhortion is saying hey, if you don't give us money all these people are going to lose their savings. I say string the CEOs who mismanaged their money up by their balls. You'll see how fast that bank mismanagement fixes itself.
 
Reverend_Hellh0und said:
You gotta be freaking kidding me. If anyone thinks any of these crooks deserve this so called "bailout" money. Please step foward. :roll:
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I don't think they deserved to be bailed out. As for the event, it probably depends on how much business it generated to know whether it was a waste. Advertising's a diverse and risky business, it could be crazy enough to work...
 
Providing bail out money does not qualify us to consult on BOA's marketing strategies. That said, I would tar and feather any bank executive who got a bonus this year.
 
Harshaw said:
They publicly reported profits of about 14 billion a year for 10 years. Corporate rates are 35%. Federal only, of course.
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So 50 billion would be a lot on 14 billion..... no? :lol:


How do you know they used bailout money?

And what's a legitimate marketing expense/campaign/event? And who made you the arbiter of it?
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I am sorry I am critisizing your bank. My bad......


Seriously though. People should speak up. This is our money that is being poorly managed.
 
obvious Child said:
Who should get nothing? BoA? You do realize that if BoA went under, the Fed would be on the hook for effectively hundreds of billions in deposits no? So in a way, by giving them a mere $20 billion that keeps them alive and upwards of about $100 billion in promises for future losses, we are saving ourselves possibly even a trillion in overall cost. The alternative is to do away with the FDIC. Right now according to their interim financial, they have $857.845 billion in deposits. I'm guessing a large chunk of that is American citizen deposits. Given the increase to $250,000 in FDIC, if they go under, you, men and joe the plumber are on the hook.

Looking from a perspective in that aspect, we should bail them out to the extent where it costs us the fewest amount of dollars.
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This is silly. Do you believe the bank would go under or it would be acquired?
 
Reverend_Hellh0und said:
This is silly. Do you believe the bank would go under or it would be acquired?
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Under normal circumstances acquired.

But it is silly and borderline delusional to think that there is anyone left right now how could possibly even attempt to absorb BoA. Maybe the Saudi Government...but I doubt the Fed is going to let them take it over.

Try thinking for a change. :2wave: You know, incorporate facts and realities of the business environment?
 
obvious Child said:
Under normal circumstances acquired.

But it is silly and borderline delusional to think that there is anyone left right now how could possibly even attempt to absorb BoA. Maybe the Saudi Government...but I doubt the Fed is going to let them take it over.

Try thinking for a change. :2wave: You know, incorporate facts and realities of the business environment?
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Looks like is was money well spent, no? :roll:

Bank of America tumbles on nationalization worries - Yahoo! Finance


And Please leave the personal attacks to yourself.
 
WillRockwell said:
Providing bail out money does not qualify us to consult on BOA's marketing strategies. That said, I would tar and feather any bank executive who got a bonus this year.
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Lets be reasonable WillRockwell, you wouldn`t use a high grade goose down would you ? I agree with the punishment... it worked very well in the past.
 
Reverend_Hellh0und said:
Looks like is was money well spent, no? :roll:
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You really outta look at the 10k, especially their deposit liabilities before saying that.

And Please leave the personal attacks to yourself.
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I'm sorry, my hypocrisy meter just broke from massive readings.
:rofl

Try thinking for a change. :cool: You know, incorporate facts and realities of the business environment?:mrgreen:
 
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