BOA: Propagandizing To Encourage Debt

Yesterday, Bank of America put out this press release, obviously wanting to score points for some kind of charitable work. But as I read the piece I can’t tell if this is really doing good or doing well. How does “providing” loans count as a gift for a bank that makes money by loaning it out? If they are expecting to take a loss, why not just give the money away? Or is the government backing the play? Bank of America seems to encourage such confusion. Recently, Reuters interviewed BOA CEO Read more […]