somerville

Bank of America: Bailing Itself Out?

It sounds like the CEO is heading in the right direction. We need to look at these loan modifications quickly. There is a much bigger picture out there than the dividends being cut in half. If they (all major banks) don't start looking at how to help the consumers stay in their home, people everywhere will be looking at forclosures in their OWN neighborhoods. Want to watch the value of your home be cut in half in the near future. ? Get with the program! Don't freak out about your dividend program when there are much bigger problems out there right now.