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mk · 4580 days ago · link · · parent · post: BofA shifts all its CDO losses onto an FDIC (taxpayer) insured subsidiary
I am definitely cancelling my BoA credit card today. It's a back up one anyway. It donated to the Planetary Society though. Sorry Carl, I'll find another one.
But, fucking fuck. This is not the behavior of a business institution. This is 3rd world type corruption. BoA is a criminal entity in my eyes. They do people harm for profit. Fuckers were giving out billions in bonuses during the bailout.