THE INFLUENCE GAME:

[nebris]

Banks shift bankruptcy tactics
WASHINGTON - Big banks, scrambling to prevent the government from forcing them to rewrite mortgages for struggling homeowners, are using their lobbying clout to press the Obama administration and Congress to scale back a key measure to rescue borrowers from foreclosures

Comments

[heofmanynames]

This is bully-talk, nothing more than a beat-down attempt. MBAs are unanimous: shift ALL costs away from the company - to the customer, to the suppliers, to the government, to the community; what they're faced with now is a circumstance where that's impossible...so of course, they're claiming it as the inevitable danger. "Look what they make us do!"

It's WHY they call this the 'cram-down' - they're about to have the blame and the accountability for their flagrant "misbehavior" crammed down their throats...along with the associated costs. Outrageous! That's what we do to others - it should NEVER happen to US! How dare they! Quick, figure out a way to make everyone scared enough to keep us afloat and feeding off them!

Fuck 'em, I say: every one of 'em.