2 thoughts on “Bank loan clearance letter format”
-redacted No, I did not miss the point of the original comment. What he said has some merit. I simply pointed that BOA is a publically-held company and the US government has no stake in them. Also, I never defended the TARP program itself nor the lending policies/practices that had a big part in the economic failure in 2008. My facts are correct. However, your facts are not. As I had previously stated, most big banks had less issues with losses as they got out before it got too bad. The ones that stayed in, like Washington Mutual, went under. CEOs get lots of money for what they do, but none are getting hundreds of millions in bonuses...not even today, over 11 years later. There was plenty of blame to go around, even for borrowers themselves that took loans that they knew (or should've known) they couldn't repay.
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