Bank of America fourth-quarter profit rises as bank shakes off financial crisis

Comments (6)
bertanderson wrote:

This is awesome! Banks are a record profits after almost bankrupting the country. It’s great that the govn’t has an unlimited supply of cash and if they run out, they just print more. It’s too bad that the tax payers have to pay for the Bush administration mistakes. Even GM is giving back to the stock holders….should they be also giving back to the tax payers for bailing them out as well.

How is the govn’t going to replace all that money. The middle class doesn’t have the ability. They are making minimum wage and need to buy health care insurances, which I think is a good thing. People need good health care, but can they afford it? Not at the wages the average person is making in the US.

There is a growing disparity between the rich and poor…this can only lead to chaos.

Jan 15, 2014 10:50am EST  --  Report as abuse
i2506 wrote:

This is no surprise to me, a homeowner with a (former) BofA mortgage. My wife (girlfriend at the time) filed for a “Making Home Affordable” adjustment. The horror that ensued is something that I would have never anticipated. BofA used stall tactics, misplaced paperwork, changing “agents,” etc. to extort as much money out of us as humanly possible. BofA used the “HAMP” program as a front to either extract more money out of distressed homeowners or get them kicked out of their homes. Don’t believe me? Just google “Bank of America HAMP scam” and read the horror stories for yourself. BofA is worse than satan himself. Of course once our mortgage was caught up and we got out of the HAMP program, BofA sold the mortgage. Surprise? NOT!!!

Jan 15, 2014 10:50am EST  --  Report as abuse
bertanderson wrote:

The valuation for the S&P is too high. Stocks need to catch up…which means a correction is coming. Bank’s may have another good quarter…but revenue will be somewhat flat.

Jan 15, 2014 11:27am EST  --  Report as abuse

(Reporting by Peter Rudegeair in New York and Anil D’Silva in Bangalore; Editing by Dan Wilchins, Ted Kerr and Jeffrey Benkoe):
Reporting? really this is more like regurgitation. I realize your bosses demand happy talk to keep the scheme alive, but here’s a bit of reality for ya’ll.
As a mortgage fraud investigator my actual analysis of the data shows 85-95% of all mortgages in the US contain forgery, fraud, and fabrications that will nullify/obviate the legality of those mortgage documents once discovered by the property homeowners. The fictitious ghosts of “Linda Green, Jessica Leete, Jessica Ohde, Nekeita Nimmers”,& other ‘authorized signers’ pollute every banks records not just Bankrupting of America’s fraudulent Assignments. Once homeowners discover these “unsafe & unsound deficiencies” still exist the storm clouds over the millions of chains-of-title docs. will unleash a torrent of- no wait, that’s right nothing will happen because the people are so worried about keeping their crappy jobs that they’ll wink’n'nod when Fed.Nat’l Title Co.(owner of the doc. mill LPS) tells the next buyer, “title’s clear & all is well just sign here.” Momentum is gaining eh Bri? Yeah like an avalanche… lets investigate IndiComm Global in ‘Banks-glore’ Anil, while some of your stateside pals look into their operations in Minnesota. Then we can talk about JP Morgue Chasing Hells Cargo- to the bottom. When the gov’t gives any cowhorepredation $10 Billion every month for over three years just printing fiat currency of course you can paper over any cracks in the foundation.
It doesn’t mean they’re not there, people just don’t see them until their house falls down. But then that’s what AIG is for right?

Jan 15, 2014 2:42pm EST  --  Report as abuse

(Reporting by Peter Rudegeair in New York and Anil D’Silva in Bangalore; Editing by Dan Wilchins, Ted Kerr and Jeffrey Benkoe):
Reporting? really this is more like regurgitation. I realize your bosses demand happy talk to keep the scheme alive, but here’s a bit of reality for ya’ll.
As a mortgage fraud investigator my actual analysis of the data shows 85-95% of all mortgages in the US contain forgery, fraud, and fabrications that will nullify/obviate the legality of those mortgage documents once discovered by the property homeowners. The fictitious ghosts of “Linda Green, Jessica Leete, Jessica Ohde, Nekeita Nimmers”,& other ‘authorized signers’ pollute every banks records not just Bankrupting of America’s fraudulent Assignments. Once homeowners discover these “unsafe & unsound deficiencies” still exist the storm clouds over the millions of chains-of-title docs. will unleash a torrent of- no wait, that’s right nothing will happen because the people are so worried about keeping their crappy jobs that they’ll wink’n'nod when Fed.Nat’l Title Co.(owner of the doc. mill LPS) tells the next buyer, “title’s clear & all is well just sign here.” Momentum is gaining eh Bri? Yeah like an avalanche… lets investigate IndiComm Global in ‘Banks-glore’ Anil, while some of your stateside pals look into their operations in Minnesota. Then we can talk about JP Morgue Chasing Hells Cargo- to the bottom. When the gov’t gives any cowhorepredation $10 Billion every month for over three years just printing fiat currency of course you can paper over any cracks in the foundation.
It doesn’t mean they’re not there, people just don’t see them until their house falls down. But then that’s what AIG is for right?

Jan 15, 2014 2:42pm EST  --  Report as abuse
edgyinchina wrote:

Too bad this ‘little terrier’ can’t find the wrong-doers at the bank who helped plunge the world into an economic crisis in 2008, huh????
Too bad this ‘little terrier’ can’t find a way for BoA to be good corporate citizens, or offer competent customer service. Instead his only answer is just lay-off more people, to increase his bottom line, and his annual bonus….

Jan 15, 2014 10:09pm EST  --  Report as abuse
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