Gov. says state will stop doing business with BofA

[DavidS]

How do you know the business isn't credit worthy?

Uh, it's going bankrupt and closing its doors? I'm sure that's a good sign.

 

[DavidS]

http://www.usmessageboard.com/curre...rner-arrested-taken-into-federal-custody.html

 

[catzmeow]

If my credit was so bad I was being denied loans by B of A would you support me in getting them anyway?

There are a variety of ways to withdraw credit. The company, at a minimum, is entitled to proper notice that the bank plans to change it's policies towards it so that plans can be made. B of A is well-known for engaging in spurious practices:

Bank of America controversies - Wikipedia, the free encyclopedia

 

[GHook93]

i think you mean those that DONT pay attention to history

but this is so recent, how the hell could anyone forget it already

thanks bud!

 

[GHook93]

Exactly my first thought after reading that article.

Of course non credit worthy companies/consumers shouldn't get approved credit but, the banks have frozen the entire credit system for over a month now. Additionally, they've been reportedly using the bailout money for unintended purposes.

If their not going to loan that money to credit worthy customers they need to give it back and close their doors.

Separate point! They should start lending, BUT not to companies like this!