Should you bail on Bank of America?
Shares of the financial giant are still reeling from the news that the company is liable for Countrywide’s 'Hustle' loan program.
According to Motley Fool Analyst Matt “Young Money” Koppenheffer, Bank of America is left holding the bag in this ruling, since it acquired Countrywide after the company had been pushing out bad loans.
However, Matt’s not too worried about the effect of the ruling on Bank of America, since the bank will only have to pay a maximum of under $900 million; that’s not much compared to Bank of America’s $8.5 billion settlement currently in court. In fact, Matt still thinks Bank of America and its big bank peers are solid buys.
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All of the properties that are being sold are all fully paid for. They were purchased with U.S. taxpayers’ dollars. The U.S.P.S. is allowed free and c lea r, tax exempt use. The only cost to keep them open is the cost to actually keep the doors open and the heat and lights on. The United States Postal Service doesn't even have to pay county property taxes on these subject properties. Would you put your house in foreclosure just because you couldn't afford to pay the electric bill? Well, the folks in Washington have given the Post Office the OK to do it! Worse yet, most of the net proceeds of the sales will go back to the U.S.P.S, an organization that is so poorly managed that they have lost $117 billion dollars in the past 10 years! No one in the mainstream media is even raising an eyebrow over the conflict of interest and on the possibility of corruption on the sale of billions of dollars’ worth of public assets. How does a U.S. Senator from San Francisco manage to get away with organizing and lobbying such a sweet deal? Has our government become so elitist that they have no fear of oversight?
One to forward!
Governors of 35 states have filed suit against the Federal Government for imposing
unlawful burdens upon them. It only takes 38 (of the 50) States to convene a Constitutional
This will take less than thirty seconds to read. If you agree, please pass it on.
This is an idea that we should address.
For too long we have been too complacent about the workings of Congress. The latest is
to exempt themselves from the Healthcare Reform that passed ... in all of its forms.
Somehow, that doesn't seem logical. We do not have an elite that is above the law. I truly
don't care if they are Democrat, Republican, Independent or whatever . The self-serving
If each person that receives this will forward it on to 15 people, in three days, most
people in The United States of America will have the message. This is one proposal that
really should be passed around.
Proposed 28th Amendment to the United States Constitution: "Congress shall make no law
that applies to the citizens of the United States that does not apply equally to the
Senators and/or Representatives; and, Congress shall make no law that applies to the
Senators and/or Representatives that does not apply equally to the citizens of the United
You are one of my 15+.590 Don’t bother sending this to the ones that we have contacted.
Don't forget that BAC was told in 2006 by the Democratic Congress to do everything possible to put people in homes regardless if they can afford them. This started the real-estate meltdown.
Someday the people may wakeup to see how our government operates. This government sucks.
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The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.
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