Are Taxpayers Bailing Out Troubled Banks Twice?

Discussion in 'Wall St. News' started by Moc Yeah, May 9, 2009.


    ABC ran this story tonight. Its the last sentence from the Bank of America Rep that irks me...

    " Bank of America told ABC News they could not comment on an individual's account. As far as rates go, the bank said, "Any hikes reflect the current economic conditions. Our costs of providing credit have significantly increased."


    Aren't these guys receiving FREE money from the Gov't (US)... and Lending it out at 6-7% for other initiatives(scams)???