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BANK OF AMERICA IS THE MOST CORRUPT BANK IN THE COUNTRY!. Bank of America harassed me, ruined my credit, charged me over $800 in fees over a 10 day period, tried to humiliate me, and never stopped calling my house- all because of $50 overdraft!! In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!
I know this is old, but it's not money they're just giving away. Believe it or not, these companies are still in it to make money. They will make the money back and pay off these loans with interest. The point is these institutions need to stay open for our economy to stable.
so the banks INVESTED or loaned $ to chinese, indian or a compnay in Dubai, who cares? it's business. they didn't give the money away. i don't see what the big deal is.
Because the money was granted by congress through a promise to assist homeowners in distress. If you don't do what you said you would do, that's called lying and in banking that's called fraud.
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In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!
They only make money by speculating and driving up the prices of goods, or by loaning it out and and charging interest.