2009-10-16 — yahoo.com
"The nation's second-largest bank, which lost $2.24 billion after accounting for preferred dividends, said its losses for failed loans came to almost $10 billion during the July-September period, up almost $1 billion from the second quarter. The bank also added $11.7 billion to its reserves to cover bad loans."
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Chaffed By It All at 21:31 2009-10-16 said:
I have no mercy for these poor, poor bankers. Is there really any surprise the banks aka; the devil in disguise, have found them digging an even deeper hole than they are currently in. Hah! These crony bankers love to hit you when your down. This is a systematic ploy by the banks to bring as many hard working souls to the grave with them. First the banks cut our credit limits to reflect balances tapped to their limits. Thereby immediately reflecting a drop in the fico and beacon scores. Then the bank pulls a credit report and accuses us of being irresponsible and then jack up our interest rates to the heavens along with charging additional unreasonable and unscrupulous fees to make it impossible for even the most responsible Americans to keep their bills current. Ultimately forcing us to miss payments and pushing more of us into Bankruptcy. Shame on you Mr. Lewis and your buddies at Wells, Goldman, and other banks for blindsiding us before the new credit regulation takes hold. This is only the beginning of your downfall and I hope you are pushed down the long creaking stairway you created. I and millions of REAL Americans will laugh all the way to the bank.. pardon the pun. Permalinkadd a comment | go to forum thread
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