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Bank of America posts net loss of $7.3 billion in latest quarter, citing provisions of the financial reform law.
Bank of America posts net loss of $7.3 billion in latest quarter, citing provisions of the financial reform law.
I would say that this is rather significant. What they are really saying is now that there is a demand for truth in lending and full disclosure, they can no longer make the windfall profits they were making. Gee, they can no longer cheat the consumer!
Bank of America posts net loss of $7.3 billion in latest quarter, citing provisions of the financial reform law.
I would say that this is rather significant. What they are really saying is now that there is a demand for truth in lending and full disclosure, they can no longer make the windfall profits they were making. Gee, they can no longer cheat the consumer!
Bank of America posts net loss of $7.3 billion in latest quarter, citing provisions of the financial reform law.
I would say that this is rather significant. What they are really saying is now that there is a demand for truth in lending and full disclosure, they can no longer make the windfall profits they were making. Gee, they can no longer cheat the consumer!
Bank of America posts net loss of $7.3 billion in latest quarter, citing provisions of the financial reform law.
I would say that this is rather significant. What they are really saying is now that there is a demand for truth in lending and full disclosure, they can no longer make the windfall profits they were making. Gee, they can no longer cheat the consumer!
Judy, where the hell is the link to what you're posting?
Bank of America posts net loss of $7.3 billion in latest quarter, citing provisions of the financial reform law.
I would say that this is rather significant. What they are really saying is now that there is a demand for truth in lending and full disclosure, they can no longer make the windfall profits they were making. Gee, they can no longer cheat the consumer!
Judy, where the hell is the link to what you're posting?
About the Goodwill Impairment Charge
As previously announced, the goodwill impairment charge is a non-cash, non-tax deductible charge applicable to the Global Card Services segment. The goodwill impairment charge does not impact regulatory capital or tangible equity ratios or liquidity, and has no impact on the company's ability to serve its customers and clients around the world. The charge results from the limits to be placed on debit interchange fees under the financial reform legislation enacted in July 2010, which will reduce future revenues in the Global Card Services business.
So, banks posting billion dollar losses is the aim of Financial Reform? Who knew?
So, basically, they are not posting a loss...they are projecting future losses against their prior projections of fucking every person they could?
So, basically, they are not posting a loss...they are projecting future losses against their prior projections of fucking every person they could?
So, who made the new rules?
So, basically, they are not posting a loss...they are projecting future losses against their prior projections of fucking every person they could?
So, who made the new rules?
So, basically, they are not posting a loss...they are projecting future losses against their prior projections of fucking every person they could?
How are consumers helped if Bank of Amerca gets the hell out of consumer lending because they can't keep losing money?
Losing $73M is a sustainable business model?
How are consumers helped if Bank of Amerca gets the hell out of consumer lending because they can't keep losing money?
They're not necessarily losing money. They just no longer can make record-breaking profits at the expense of the consumer.
Do you prefer that there were no regulations and the banks could do whatever they wanted to cheat you? The "losses" they claim to have sustained rather proves that that was exactly what they have been doing.
How are consumers helped if Bank of Amerca gets the hell out of consumer lending because they can't keep losing money?
They're not necessarily losing money. They just no longer can make record-breaking profits at the expense of the consumer.
Do you prefer that there were no regulations and the banks could do whatever they wanted to cheat you? The "losses" they claim to have sustained rather proves that that was exactly what they have been doing.
