I am reminded of the comic strip “Pogo” in which the main Character often statyed….”We have met the enemy and they is us!”

Bank of America stsrted it’s decline almost from the time it moved it’s HQ out of SF and went to South Carolina….

Want real understanding of what happened…. rent from “Netflix” the Documentary “Breaking the Bank”… it is a real insight into what happened.

Yhe dummiews at the top bought “Country Wide”

I took early retirement from my APPRAISAL WORK TO ESCAPE THE UNETHICAL ATMOSPHERE……
wHEN A’LOAN OFFICER’ STANDS AT THE DOOR HANDING OUT MONEY AND IS PAID A ‘COMMISSION’ (RATHER THAN A SALARY) FOR REAL; ESTATE LOAN ‘BOOKED’ THEN YOU KNOW THE ‘SYSTEM’ HAS GONE WRONG…,.IT WAS NOT JUST THE BANK OF AMERICA …..

gOOD OLD BOYA.P.GIANNINI MOVED INTO SOUTHERN cALIFORNIA IN THE 1920′S AND THROUGH OUT THAT SYSTEM…. AFTER HIS DEATH THINGS WENT FAIRLY WELL UNTIL… THE ‘GOOD OLD BOYS’ FROM sOUTH cAROLINA TOOK CONTROL…. THEN CAME THE DISASTER CALLEDE DERIVATIVES….. GET YOUR HANDS ON THAT ‘FRONTLINE’
DOCUMENTARY AVAILABLE THROUGH NETFLIX…. LISTEN TO IT TWICE THEN COMPREHEND WHAT ‘STUPIDITY’ REALLY IS !

o’BAMA IS MY MAN…. HE BAILED OUT THE b OF a WITH A LARGE CASH INFLUX AND SECURED IT WITH b OF a STOCK… A BRILLIANT MOVE ONCDE YOU UINDSERSTAND WHAT HE DID FOR US AND WHY THE FAILURE OF THE BANKS WOULD BRING RUIN TO THE usa !