Comments on: Scroll for Updates:BREAKING: State Of Illinois Refuses to Do Business with Bank of America Because Republic Windows & Doors Was Denied Loans Due To Deadbeat Status

By: Meet “Senate Candidate 5?: Chicago Congressman Jesse Jackson, Jr. (D-IL) | Right Voices

Wed, 10 Dec 2008 21:28:59 +0000

[...] me saying just the other day that his father’s presence at that factory shutin looked like a shakedown..all too [...]

By: Pam

Pam — Tue, 09 Dec 2008 14:17:57 +0000

Well unfortunately Royce, that is up to the government to take the loans back and there isn’t a snowballs chance in hell of that happening. You and I were screwed on that deal! In the mean time, I don’t want to see banks that got the bailouts, loaning to the same people that couldn’t pay their loans before the bailout…

IMO, Governor Blag is an idiot for putting on this little show…It is amazing what a man will do when the government in steps away from sending him to prison..

By: Royce

Royce — Tue, 09 Dec 2008 04:55:29 +0000

I was never for the bailout either because like you I also saw this coming. The corruption and greed at these banks is unbelievable. However, you seemed to miss my point on this – if BoA can afford to pay billions for an interest in a chinese bank – they how on this earth do they qualify for taxpayer help? It would be clear to anyone that they don’t. TAKE THE MONEY BACK.

By: Pam

Pam — Tue, 09 Dec 2008 02:21:02 +0000

Jim, what does that have to do with Republic Windows and Doors?

By: Jim

Jim — Tue, 09 Dec 2008 02:18:47 +0000

I am a disabled retired military Vet, I had a credit card with Bank of America, I never, ever missed a payment, they raised my APR to 26% because I had other bills, when I asked them to lower my intrest they canciled the card so I could not use it but kept the 26%, they would not even talk to me. Bank of America is no better then a Mafia loan shark, just look at what the CEO’s are getting paid. Come on America wake up!

By: Pam

Pam — Tue, 09 Dec 2008 00:58:28 +0000

The bailout and this company are 2 different things Royce..Neither you or I can prove anything about the loans because no one has the paperwork..what we have is a mob that wants to blame the bank on the word of a company that left them high and dry..The bank can not release the info because of confidentiality reasons and the company knew this..So did the Shakedown artist, otherwise known as Jesse jackson..A man that has no future in this administration, therefore, he is stirring the pot..

I will tell you what I do know: a company on sound footing is not dependent on bank loans for its day to day operations…

The bailout was intended to help out small businesses, but not businesses that have bad credit…that is how we got into the housing mess which triggered the banking collapse!

I was never for the bailout because I could see stories like this coming!

By: Royce

Royce — Tue, 09 Dec 2008 00:38:43 +0000

Pam – can u prove that. Can you prove that the company would have failed if BoA had made the loan. There is clear evidence that BoA and other banks that got taxpayer money are not making loans to qualified companies. Heck, they want even loan money to each other. They are using the money to buy market share by buying other banks, in BoA’s case a chinese bank - that is not what the money was to be used for. No matter how you cook it BoA and the other bailed out banks are frying the taxpayers.

I can see how anyone would think this is ok. I still say TAKE BACK THE MONEY.

By: We’re Not Leaving Until We Get Our Bailout: UPDATED « Jane Q. Republican

Tue, 09 Dec 2008 00:01:18 +0000

[...] AP via Right Voices: Gov. Rod Blagojevich ordered all state agencies Monday to stop doing business with Bank of America to try to pressure the bank into helping laid-off workers staging a sit-in at their shuttered factory. [...]

By: Pam

Pam — Mon, 08 Dec 2008 23:53:13 +0000

Royce they were not bailed out so that they could turn around and lend to people that can’t pay the loan back…this isn’t about B o A..they didn’t cause the company to collapse.

By: Royce

Royce — Mon, 08 Dec 2008 23:36:39 +0000

If the company failed specifically because BoA denied the credit, then yes it is the banks fault. I believe this is very possible since BoA has been refusing to provide credit to both business and retail customers for some time now, despite the $25 billion for that purpose. Perhaps they needed the money to pay for the multi-billion investment in that Chinese bank.

BoA deserves to be slammed. I say pull the $25 billion in tax payers funds back out of BoA. If they can afford billion dollars investmests in Chinese banks they don’t need our help.