Bank of America trying to gyp taxpayers yet again
July 13th, 2009 by John Grooms in Boomer with an Attitude
Bloomberg news service has an ongoing story, which it’s been updating through the day about our hometown heroes, Bank of America. It turns out that the city’s former gods are trying to weasel out of paying billions of dollars they owe to We the Taxpayers.
U.S. Treasury regulators say BofA needs to pay up at least part of a $4 billion fee the banking giant agreed to pay in January when the government made guarantees against possible losses at Merrill Lynch. BofA acquired Merrill Lynch, at the urging of the Bush administration, and thus benefited from government backing on over $100 billion in Merrill Lynch assets. According to the Bloomberg report, BofA is saying it doesn’t owe the money because the agreement was never signed. The government is saying, “Pay up.” And we’re saying, “Make ‘em pay or risk the political consequences, as voters have had about enough of big financial interests running roughshod over every friggin’ thing they please!” Thanks, we feel better now.
July 14th, 2009 at 3:41 am
If they didnt dign they didnt sign its that simple. On something as important as this there is no way it just slipped thru the cracks. Look to our leaders for being crappy bank owners instead.
This much like the AIG bonuses where those on capital hill denied they knew anything of it but it turns out they knew full well what was going on.