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Posted on 08/11/2011 9:51:05 PM PDT by Nachum
Aug 12 (Reuters) - Bank of America Chief Executive Brian Moynihan met privately this week with Treasury Secretary Timothy Geithner and Federal Reserve governor Daniel Tarullo amid the campaign to calm investors and employees about the bank's share price fall, the Wall Street Journal reported.
The separate meetings took place on Wednesday in Washington, the WSJ said, citing people familiar with the situation.
The intent of the meetings with the two top federal officials was for Moynihan to discuss issues related to housing, consumer spending and the U.S. economy, two people familiar with the meetings told the Journal.
(Excerpt) Read more at reuters.com ...
The list, ping
Let me know if you would like to be on or off the ping list
Best thing for all of us....
Bu Bye BOA... you deserve to die.
BofA: So you guys will take care of my legal problems on top of making sure our stock consistently beats the general market, and all I have to do is convert the depositors money into Obama campaign contributions?
Fed/Treasury officials: Yep. Got the OK from Barry this morning, straight from Kenya.
BofA: Golly thanks guys! How much this time...the usual amount?
Looks like people are getting wise to the shaky foundation BoA is on. Let them fail.
Having BOA fail would be a tremendous market disruption, but I think I would rather have that than another bailout. Someone, somewhere, needs to pay for this incompetance/corruption/crime.
We'll be fine.
BofA can't afford to have NYS AG Schneiderman perform his duties and investigate ... poor babies... BofA GO TO HELL!
Not Good.
BofA chief meets top US officialsWith one hand out for TARP the other with a check for "US Officials".
TARP - Bailouts, takeovers, swindles
Stimulus
Obamacare
QE
QE2
Raise the debt ceiling
USA debt downgraded
QE3? B of A bailout? Too Big To Fail? Epic Fail?
There is more stuff that no one seems to talk about. The Fed had guarantee loans in Europe for their banks. We already spent several billion in Tarp 1 on Euro banks. We have backed Fanny and Freddy to the tune of several TRILLION( I heard $60+ trillion) I think this is why Paul wants to audit the Fed. He knows stuff but can't prove it.
I’ve been wondering if certain too-big-to-fail financial institutions have been lying about their exposure in Europe....
Bank of America Reports Loss of $8.8 Billion
Bank Of America Implodes; Bankruptcy Contemplated
Bank of America's new back-door TARP
“During the meetings, Moynihan stressed the urgency of reaching a wide-ranging mortgage foreclosure settlement with several federal agencies and 50 state attorneys general, the paper said.”
They will want to ram through rules that, in the end, will hinder or do an end run around property rights laws. Speak up now or lose you Rights.
Then they took on the burden that was the vile scum CountryWide which seems to have been a mistake.
I don't see what people have against BoA that they're wishing to see it fail.
Maybe they were pressured but ultimately the agreed.
For political reasons.
Thus the consent of the victim.
Now they are yelling to their shareholders, “Look at us! we still have buddies with political power. They will bail us out!”
That is a slimy business in my book.
When you dance with the Devil, you can’t call the tune.
Obama will not hesitate to screw middle class people with money in the BOA. Get out of there fast.
Can he do TARP two without Congress? I hope not! Banksters need to hit the muck they have wallowed in.
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