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Comments about ‘Bank of America's earnings soar 70 percent’

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Published: Wednesday, July 17 2013 6:19 a.m. MDT

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Bob A. Bohey
Marlborough, MA

This just proves the GOP philosophy that corporations like B of A need more tax breaks and less govt. oversight. I mean can't you just feel all that wealth trickling down?

JimInSLC
Salt Lake City, UT

Some may interpret this as a good economic indicator but in truth it is a buildup to another crash. The Banks are making these profits because the very same practices that brought about the economic crash in 2008 have not been corrected, and are still taking place today.

The largest banks have hundreds of trillions of dollars in the derivatives market for which they are now making profits but when that market crashes, the risk has been transferred to the taxpayer.

I suspect that the next eventual crash will be much more severe than the last, when the Banks were considered too big to fail. The next time, the Banks now being much bigger, there is no way that the taxpayer will be able to bail them out of the financial hole they have created.

Chris B
Salt Lake City, UT

@Bob,

I don't see where there is any comment made in the article about how these earnings did or did not impact anyone else.

So simply because a company makes smart decisions and has a good quarter, that is reason to take what they've earned?

Here is an idea:

Why don't bitter liberals go make some good financial decisions in their own lives and stop demanding that rich people take care of them

Shawnm750
West Jordan, UT

B of A has some of the highest fees and makes more off their customers than almost any other bank. My guess is that even though they've cut costs, they haven't lowered their fees...

Brian
Wasilla, AK

During a recent serious illness we found Bank of America to be the kindest and most compassionate of any institution we worked with.

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