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View Diary: Widespread Panic: Bank of America (64 comments)

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  •  Following the Implode-o-meter... (4+ / 0-) like watching poetic justice happen to abusive lenders.  Indymac screwed my fiancee out of $60,000 in equity when they messed around with her tax escrow and the penalties drove up her balance.  Lucky for her, she was able to sell and break even to get away from them.  Two days ago, I read that Indymac has imploded (updated here today).  It's now under FDIC conservatorship.  While my fiancee will never get her money back, she is enjoying seeing her tormentors get theirs.

    "Iraq: the bravest 1% fighting for the richest 1%." ~ An Unknown Kossack.

    by Neon Vincent on Fri Jul 11, 2008 at 01:24:32 PM PDT

    [ Parent ]

    •  But not poetic justice to the regular (8+ / 0-)

      schmuck whose 401K is invested in BAC.  I've got TIAA-Cref - the "socially responsible" portfolio - but basically my "retirement" is Social Security.  There's a reason why the 1933 Congress and every Congress since refused to put that in the stock market and people are beginning to find out/remember why.  And yes it doesn't do what it did in the 1930s-70s, but it's still good enough in my income bracket (bottom half median income) as long as you don't have lodging bills (be it your mortgage is paid off or you live with somebody who covers it).

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