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TMFBro (< 20)

Bank of America is worse than a loan shark

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March 01, 2010 – Comments (5) | RELATED TICKERS: BAC , C , JPM

 The Daily Show on new credit card laws, a Bank of America whistleblower, and a loan shark who thinks credit card companies are scum. (Warning: Some sexual inuendo, a violent scene from "Goodfellas," and Jon Stewart mentions genitalia.) 

 

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Make it Rain - Bank of America
www.thedailyshow.com
Daily Show
Full Episodes
Political HumorVancouverage 2010

5 Comments – Post Your Own

#1) On March 01, 2010 at 12:38 PM, brickcityman (< 20) wrote:

This, to me, highlights the major difference between the mob and American business.

 

Business has the luxury of "writing down" losses (real or otherwise), and this creates a mindset where gain vs. loss is more of an abstract tax question than anything else (provided they retain some profitable divisions whose profits can just be offset).  The mob on the other hand lives hand to mouth, and so their interests are much more aligned to those of their clients/debtors.

 

I tend to think it would be much easier dealing with a classic loan shark than a bank beaurocrat.  

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#2) On March 01, 2010 at 2:08 PM, outoffocus (23.49) wrote:

Isnt this another good intentions = unintended consequences phenomenon? In an effort to "help" anyone, the government indirectly makes things worse.  And we want this same government to reform healtcare with a public option?

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#3) On March 01, 2010 at 6:06 PM, USNHR (32.27) wrote:

outoffocus,

 the government delives the mail in three to four days, surley they can deliver on healthcare?

I wonder what would happen if we got rid of the U.S. postal system? Only UPS, Fed Ex and DHL? With email as rampant as it is, and all the social networking sites, I'm not sure there are a whole lot of people that use mail, some companies may have to adapt a bit to send out paychecks, or direct deposit statements, some businesses would have to adapt to do mass mail marketings, but ultimately it could be cheaper for them if they negotiate their mailings in bulk....

End the Fed and the USPS!

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#4) On March 01, 2010 at 6:15 PM, USNHR (32.27) wrote:

Related, unlike my last post.

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#5) On March 01, 2010 at 8:41 PM, liammccusker (85.01) wrote:

Awesome...but sad at the same time...

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