WillowTree
Diamond Member
- Sep 15, 2008
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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.
You said they posted a $7.3 billion loss. How do you conclude that they are not necessarily losing money?
That's her Einstein genuis at play.. donchyaknowA?