topic Re: BoA Tells McDonald's Thanks But No Thanks in Credit in the News

BoA Tells McDonald's Thanks But No Thanks

fused — Wed, 24 Sep 2008 21:51:10 GMT

How will BoA make a profit when they won't lend.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAw5v_t72uqQ&refer=home

Re: BoA Tells McDonald's Thanks But No Thanks

llecs — Thu, 25 Sep 2008 00:05:13 GMT

fused wrote:
How will BoA make a profit when they won't lend.

My overdraft fees should carry them through.

Re: BoA Tells McDonald's Thanks But No Thanks

haulingthescoreup — Thu, 25 Sep 2008 00:10:14 GMT

@llecs wrote:
fused wrote
How will BoA make a profit when they won't lend.
My overdraft fees should carry them through.

!

Re: BoA Tells McDonald's Thanks But No Thanks

fused — Thu, 25 Sep 2008 03:01:23 GMT

Banks can only tighten so much, they have to lend or they will go broke.

Re: BoA Tells McDonald's Thanks But No Thanks

Anonymous — Thu, 25 Sep 2008 03:49:28 GMT

Maybe banks need to go broke.

Perhaps the future of lending is distributed lending networks like Prosper.com rather than big, monolithic sixty-story skyscraper-based institutions.

Another reason I think the bailout is ill-advised. Maybe rather than saving the economy, we're just subsidizing candle-makers when the electric light bulb is waiting in the wings.

Re: BoA Tells McDonald's Thanks But No Thanks

Anonymous — Tue, 30 Sep 2008 15:42:47 GMT

You know BOA makes me sick. Of all the bank that I would like to see go down is them. Because they're second to the top to JP Morgan Chase, they're now on a power trip.

With all their hidden charges on bank accounts, high interest rates on their loans, this Bank needs to be look at for what they do to middle class people. They're the biggest slimbags out there. That's how they make profit....by overcharging us

Re: BoA Tells McDonald's Thanks But No Thanks

Anonymous — Tue, 30 Sep 2008 15:50:51 GMT

@Anonymous wrote:
Maybe banks need to go broke.

Perhaps the future of lending is distributed lending networks like Prosper.com rather than big, monolithic sixty-story skyscraper-based institutions.

Another reason I think the bailout is ill-advised. Maybe rather than saving the economy, we're just subsidizing candle-makers when the electric light bulb is waiting in the wings.

I LIKE those monolithic, sixty-story, skyscraper-based companies.
Around here, we call them Hurricane shields.

Currently, we have literally 30 condo buildings (each one over 10 stories tall) that sit, partially finished, completely deserted (all in all, 1% occupancy). All because the bubble burst. Every day, we get to gander at those eyesores, blotting out vision of WHY we all moved here to FL -- the beach, the sand, the sun. Property values within miles of those atrocities plummeted faster than Paris Hilton's neckline.

BUT, when Hurricane Season rolls around, they sure do make effective Hurricane shields. They get destroyed, gutted and flooded ... while we locals are protected quite nicely.

I don't suppose it might be the same, might it? The big monoliths fall and are destroyed and we little guys end up not having to bear the brunt?

Just lookin' for a little hope. :/