12 Comments

  1. hustleandfloe nailed it! B of A is part of the banking cartel waged on all of us but extortion is not the answer. Private mutual banking is the answer and I am driving folks out of B of A the old fashioned way. Creating value that a stock company can never provide or compete with. The pen is mightier than the sword and the internet is the greatest chance we have ever had to topple this crooked mess! You want answers, you want the truth, go to mises dot org and genwealth dot net and you can have a good start. Better be willing to be wrong to have it right.
    My second home is in former communist (still is) Hungary! I have a good idea where we are headed if we lose this battle. History never repeats, the nature of man always does! You worship that which you depend on! Make sure it is not government security!

  2. It’s not a cynical position to expect corruption given the degree of accepted secrecy with which the banks are allowed to collaborate with politicians and non-politicians (e.g.the Fed)- all using public money. You see the backdoor trillions going out through Maiden Lane??

    So, I don’t worry about the motivation for doing the right thing (whether the governor is genuinely anti-whatever). We can never read hearts, only actions. I don’t care that many say Lincoln didn’t want to sign the big proclamation. He did.

    This isn’t to say that I don’t believe that there is an honest and courageous statesman left among the lot of them. I’m saying we’re too far away and in too big a machine to judge.

    So let’s keep creating the pressure that would cause people, for whatever reason, to do the right thing.

  3. http://www.nytimes.com/2008/12/16/us/politics/16legal.html

    “But now some lawyers are beginning to suggest that the juiciest part of the case against Mr. Blagojevich, the part involving the Senate seat, may be less than airtight. There is no evidence, at least none that has been disclosed, that the governor actually received anything of value — and the Senate appointment has yet to be made.”

  4. Depositors’ checking and savings accounts are a bank’s capital. A complete withdrawal from a huge entity such as the State of Illinois would have been disastrous for BofA.

    Don’t cancel your BofA account just because they initially decided not to loan Republic Window and Door the money for the severance package. Cancel your BofA account because BofA already wields too much power and influence over national and local government, so much so that politicians’ abilities to do what they think is right for the people are compromised.

    Blagojevich may not be a saint, but believe me, neither is Bank of America.

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