Subprime Getting Close To Home...

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Subprime Getting Close To Home...

Post  7Steven on Wed Oct 24, 2007 11:36 pm

CHARLOTTE, N.C. (AP) Bank of America Corp. says it will eliminate 3,000
jobs, less than a week after reporting a huge drop in earnings for the
third quarter.

Wow, if THIS behemoth is feelin' it, what does THAT tell you?

Uh oh... Sad

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Re: Subprime Getting Close To Home...

Post  fuft on Thu Oct 25, 2007 12:32 am

geek I told you lowering the rates at the Fed wouldn't help the problem. Nya!
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Whatev...

Post  7Steven on Thu Oct 25, 2007 12:38 am

fuft wrote:geek I told you lowering the rates at the Fed wouldn't help the problem. Nya!
Omg, I said it was a Band-Aid. Better than nothing... Where is the punch-in-the-face-emoticon? affraid

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Re: Subprime Getting Close To Home...

Post  ElJefeGrande on Thu Oct 25, 2007 4:26 am

Too little too late. Did I hear correctly that this was a backlash from all the sub-prime loans that were under review and not granted? Or was that something completely different?
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Pretty sure...

Post  7Steven on Tue Oct 30, 2007 7:23 am

I'm nearly positive that this is resultant of loan defaults and drop-off in business already going on, Jefe. Don't kill me if I'm wrong, but I'm quite sure.

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