Ever since Lee Iococca gave his pep talk on TV telling all America that back in 1985, the "K Car" was going to get America going again, that it was going to be "salvation," I have been just a tad cynical when I hear the term "salvation" used in conjunction with financial firms that are nearing bankruptcy.
It must be really ironic to all the Bank of America employees in mortgage finance that were forced out of their jobs in the downsizing over the past year or so, to know that now, Bank of America is going to be "salvation." Who wudda thunk?
Thursday, January 10, 2008
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