Bank of America to Repay TARP Funds to Government
Finally a GREAT story!Being that my home loan is with Bank of America this makes me feel much better that they are going to repay the government TARP money. Their reasoning is that because of the Pay Czar, they can not find a good CEO replacement by end of year when their CEO retires December 31st. With the pay restrictions they cannot find the best candidate for the job. I hope that BofA will learn their lesson and not need to borrow from the government.
I had been planning to refinance my mortgage when I was able to, because BofA had the TARP funds. Now I don’t have to, because I will gladly pay my loan to a company that is back in the hands of the private sector! Great move by BofA.
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Great story indeed. I love the fabulous new design of your website. You do good work!
Thanks a bunch!
I think I will stick to this design for a LONG time. It really has a good layout to it. Very easy to put together and understand how to use it.
Lots to do this month for December. Khristen will be out of town 2 weekends in a row, so it will be lots of time with the boys and prepping for Christmas.
BoA, along with Chase and CitiBank are part of the ‘Fed cartel’. I’d put your debt elsewhere anyway IMO.
Not many options, because end of the day they all own it some how.
Especially after the bailout bubble busted. It’s interesting to see who merged with who, knowing the three main players.
Point is the more middle-men you put between you and those three banks, the less money they actually get to keep/create in tandem with the Fed. But by being a direct customer/shareholder/debtor, you end up giving them more to work with. They are more easily able to monetize your debt this way.
If you are offended by fractional banking or fiat money, opt out of the three banks who make that happen. If not, don’t worry about it. Just don’t be someone who ends up supporting something they fundamentally disagree with…
Unfortunately I’m not in a position to at least break even with a refinance. Best case for me is to get my bills and debt handled and start paying more so I can take time to switch to someone else. The ultimate goal to own the house totally by 15 years
I’m only past year 1 and was only able to pay more on half the payments. But none the less it takes a couple months off due to the interest I save 
Getting out of the debt cycle is the first step. Good luck!
http://www.npr.org/templates/story/story.php?storyId=121262323
Too bad BOA knows the same strategy as AIG…
http://www.youtube.com/user/TheDailyBeck#p/u/6/SuDmHjUR3UY