Comments on: Bank of America = The peoples bank http://www.delawareliberal.net/2009/10/12/bank-of-america-the-peoples-bank-2/ Ground zero for all things political in Delaware Thu, 09 Feb 2012 20:23:18 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Donviti http://www.delawareliberal.net/2009/10/12/bank-of-america-the-peoples-bank-2/#comment-153162 Donviti Tue, 13 Oct 2009 13:51:22 +0000 http://www.delawareliberal.net/?p=29645#comment-153162 A republican in favor of regulation? Mike, are you saying you are in favor of bank regulation? A republican in favor of regulation?

Mike, are you saying you are in favor of bank regulation?

]]> By: Delaware Republican http://www.delawareliberal.net/2009/10/12/bank-of-america-the-peoples-bank-2/#comment-153155 Delaware Republican Tue, 13 Oct 2009 13:26:10 +0000 http://www.delawareliberal.net/?p=29645#comment-153155 You are right to point out the bad actions of many banks. They have gone from too big to fail and now they are too big to regulate. Sad to say they got a lot of money on a failure model. The hopes would be people would fail to pay credit cards on time, fail to pay mortgages because they covered their bets with financial instruments and all in all got great government money (1%) and loan it out sparingly. Mike Protack You are right to point out the bad actions of many banks. They have gone from too big to fail and now they are too big to regulate.

Sad to say they got a lot of money on a failure model. The hopes would be people would fail to pay credit cards on time, fail to pay mortgages because they covered their bets with financial instruments and all in all got great government money (1%) and loan it out sparingly.

Mike Protack

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