Relevant:
- SEC Admits It’s Investigating Bank of America , Wells Fargo Citigroup, Goldman Sachs
- U.S. Bancorp (NYSE: USB) Follows Wells Fargo (NYSE: WFC) Lead On Executive Bonuses
- Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) Mortgage Portfolios Underscore Ongoing Weakness in Sector
- JP Morgan Chase (NYSE: JPM) Planning Global Corporate Bank
- Citigroup bailout sheds light on just what the taxpayers are buying
2010-02-03 — americanbankingnews.com
"Another problem with all of this is the unproven assertion that investment banks in general was the problem which caused the banks to nearly collapse, when in fact it was the bad mortgages that started the financial avalanche, some of which came from the misguided rules from the Community Reinvestment Act which forces banks to originate loans to applicants based upon nothing else than they are a minority, regardless of their ability to pay."
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Comments:
tvsterling at 06:48 2010-02-04 said:
The Banksters are yowling like scalded cats at the very idea that they may have their little sails trimmed. If you regulate us the world will stop spinning, the sun won't rise. Same tired ploy they used to get billions of taxpayer money. They've been hiding under the bed ever since Volker got a hearing from the administration. Poor little Timmy's valiant stand in defense of Momma might be unraveling. That's just To-o-o-o-o bad isn't it. Imagine sad violin music in the background. This is just hysterical drivel. Permalinkadd a comment | go to forum thread
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