“Most Basic Values” Bank of America video – Sent by ACE at Foreclosure Hamlet

What if we came together and made the nation’s largest banks like Bank of America follow the same rules as we all do around fairness and honesty, paying their…

Yes, that’s what we want – but we need to be united to get it.  Yesterday BofA broke a dime.  That means their stock plummeted below $10 a share – at one point it was at $9.88.  Like most of the banks there has been a snowball effect as people, companies and nations withdraw their funds and short the bank stocks.

Nothing the government can do, short of taking over the banks or propping them up with more money, can stop the declining stock – this is Capitalism shaking out its dirty laundry.  Raising the debt ceiling to pour more money into the failing banks is not the Capitalism that big business continually cries for whining that it will police itself. Continue reading →