Fraud and Extortion in the Bank Bailouts!!!

In defense of Bank America's involvement with ACORN

Submitted by flemming on Thu, 01/21/2010 - 2:01am. Thu, 01/21/2010 - 2:01am

In defense of Bank of America, I will submit that the bank was forced by the Federal Government to do much of (for) what they are being demonized. I think the map shows a perfect quid pro quo, comptia training where the Bank was forced to take the bailout money and then was forced to fork some of it over to Acorn. The Feds forced the banks to take the bailouts. It was the Feds who forced the banks to make the high risk loans to low income people, yet the banks are the ones taking all of the heat for doing what they were told to do. No wonder to me they created derivitives to get rid of the dead weight....if they hadn't done that, the Feds would have taken them over and/or shut them down anyway for lack of viable assets. Ken Lewis was told to go forward with the Merrill Lynch merger and then told to keep his mouth shut to the board on the condition of Merrill Lynch, and now the SEC is suing Bank of America for doing just what the Feds told them to do. Get it? You can't win...Lose lose LOSE! redhat bootcamp This banking crisis was entirely orchestrated by the Feds (and Barney Frank, Chris Dodd, Franklin Raines, etc.) from the beginning. I can think of little to nothing that American citizens can do to stop this corruption in our government. The slow answer is: Unseating corrupt congress members would be a start, but rescinding the laws supporting these corrupt policies has to be at the top of the list. Source >>
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