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Thread: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

  1. #61
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by obvious Child View Post
    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.
    This is silly. Do you believe the bank would go under or it would be acquired?
    Let evil swiftly befall those who have wrongly condemned us

  2. #62
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Reverend_Hellh0und View Post
    This is silly. Do you believe the bank would go under or it would be acquired?
    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. You know, incorporate facts and realities of the business environment?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #63
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by obvious Child View Post
    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. You know, incorporate facts and realities of the business environment?



    Looks like is was money well spent, no?

    Bank of America tumbles on nationalization worries - Yahoo! Finance


    And Please leave the personal attacks to yourself.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by WillRockwell View Post
    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.
    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.

  5. #65
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Reverend_Hellh0und View Post
    Looks like is was money well spent, no?
    You really outta look at the 10k, especially their deposit liabilities before saying that.

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


    Try thinking for a change. You know, incorporate facts and realities of the business environment?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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