Hmm sounds like some people need to be a lot more responsible -- and a lot of people got away with a lot of wrongdoing. Greed at its worst.
Greeting Joan,
I could not agree with you more. In my 25 years in this business as a Realtor, Developer, Investor, and Financier / Banker I don't understand how we let "Banks" and "Quasi-Banks" i.e. Countrwide Bank (ISOA) become Venture Capatilist and/or Hedge Funds. I thought the whole reason for chartering a bank was so the entity would provide the Community Servie of Banking, nothing more and nothing less.
On a side note, thank you and your profession for pushing foward. To the survivors come the spoils.
Have a great day and contact me if you need anything,
John Tuggle
I just hope they have learned their lesson and this doesn't happen again. I wish sometimes it was as simple as renaming for the rest of us.
Bank of America is now a ward of the state. The stock holder were creamed by them buying companies that are too far gone. Merill Lynch, so much for the boss looking after his shareholders. He should have told the Feds that he had some principles left.
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