BOA Cutting 16,000 jobs

[gmhr1]

http://www.cnbc.com/id/49098399 more proof of the great job Obama is doing on creating jobs. More people unemployed, more foreclosures more food stamps

[Jason Glavich]

So does this mean Buffett is responsible for people losing their jobs? I mean he did invest in BoA.

[gmhr1]

It means the President is doing a lousy job on his recovery plan!

[ARay11]

maybe it means enough gun totin' americans moved their money away from boa

[menmon]

maybe it means enough gun totin' americans moved their money away from boa

Maybe it means that BOA has to cut cost to meet its earnings promise to investors.

Nations housing starts are growing....now start watching as the enconomy starts really growing...with Obama leading the charge!!!!!!!!

[duckheads]

Maybe it means that BOA has to cut cost to meet its earnings promise to investors.

Nations housing starts are growing....now start watching as the enconomy starts really growing...with Obama leading the charge right down the toilet!!!!!!!!

Fixed it for you. Nothing like going down with the ship huh Bob?

[roseberry]

[QUOTE=menmon;1012584]Nations housing starts are growingnow start watching as the enconomy starts really growing with Obama leading the charge!!!!!!!!QUOTE][/B]


he is correct again!!!! i just sold a spec home to a couple last month. i had it listed and got full price offer for $169,900(if i paid closing costs of ~$3,000 obviously). in todays market it only appraised for $166k, so i countered to accept $166 and not pay closing. realtor came back that it was a deal killer since couple had no money to "put down" and were financing 100%. i liked the kids and had no other interested buyers so i took the hit for the $3.900 just so i wouldn't have to mow the damn yard again.

i bet you can't guess where they are getting 100% financing, no money down, with not one dollar in the bank between two working adults..............did you guess yet?..............was it a conventional loan from a bank?..........was it a private lender...........did i owner finance.........no.....it is a U.S.D.A rural development loan. i wonder how many of these pre bubble burst type loans it takes to get the "housing starts" and "sales of new homes" numbers where hussein needs them prior to november. watch it growwwwwwwwww, POW, and burst again! hope i know when to get out this time

[JimmyD]

I think the unemployment rate is higher today than when he took office. US median household income has dropped almost 5% of those that are still working. Yet this president spends more on indulgences at the tax payers expense than the previous 3 Presidents combined.

[BonMallari]

So does this mean Buffett is responsible for people losing their jobs? I mean he did invest in BoA.

Berkshire Hathaway is the largest shareholder in Wells Fargo....don't know about BOA....

[gmhr1]

My house is worth 40K less than it was in 2010 wish AZ would start to pick up
Obamas been telling us for 4 yrs he was going to create jobs wonder when he will start?