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Should Government Attack BofA?

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  • Description

    FBN’s David Asman sounds off on recent criticisms of Bank of America.

  • Duration 1:57
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Finally tonight something's going on with these attacks -- -- banks speeches and comments by President Obama senator Durbin and the -- by Wall Street protesters about.

Bank of America somehow -- coordinated.

The rhetoric all sounds similar with senator Durbin taking it to the Max on the senate floor.

Bank of America customers.

Vote with your feet get the heck out of that bank.

Now we have never been fans of the big banks in their bailouts but.

Calling for a run on the bank -- Durbin did is like screaming fire in a crowded theater.

-- expected from the social protesters down -- Wall Street but not from a US senator.

A bank run could cause a panic chain reaction that could send us right back to the crisis of 2008.

Now the president may be more discrete and senator Durbin but He has made it perfectly clear.

He's actually more in solidarity with those protests in capitalism.

-- -- -- with a capitalists so where's all this heading.

-- unless the rhetoric is rebuked.

I think it's going to lead to renewed calls for bank nationalization.

Like we're here in.

About three years ago before long we might start hearing talk like this coming from the White House while the banks.

Got us into this mess.

We bail them out.

Now they are not lending and the public is rising up against them so we have to get our money.

Out of those banks and into the hands of the people.

Well let's hope such -- is beyond the pale even for this administration that would be bank nationalization but.

The way the rhetoric stalling.

And with a white house on the line in 2012 states soon.

Folks in power don't wanna lose power and they seemed willing to do just about anything to stay in power.

That's it for tonight thanks for joining us join us Monday we're gonna be -- about the -- lender debacle and government evolving at a private sector with former California governor Pete Wilson.

Follow the money is next.

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