He wants the money printer turned back on for him and his rich friends. The banks dont care about people struggling with the cost of living, the unaffordability of housing or the terrible job market. Raise the interests ratss , we need some more pain for a lil bit longer but our economy will be stronger down the road with higher FED interest rates. People should be rewarded for saving and investing their money wisely.
Anyone else find it absolutely insane that the government mismanaged its checkbook so badly that now we all have to pay massively higher interest rates because of their mistakes?
I met Brian Moynihan a few years ago with an organization called Greenlining. Met him actually a few times. We were in meetings on the bank's commitment to the Community Reinvestment Act and other issues. I'd like to say during this interview he was spot on. The way he explained the economy and his current state of the economy and the consumer. Great interview Brian
Interest rates aren't high. Inflation caused the issue and lowering rates without reducing govt spending (we are adding $1 trillion to debt every 100 days), inflation will come back and be even worse for the poor and working class.
Our ECONOMY IS NO LONGER A REALITY OR THE TRUTH! It is all fabrication and manipulation of the Stock Market! Look at Blockbuster and 1 day crash of the Japanese market!
As for inflation never happened it's all Artificial manipulation, more appropriately called GREEDFLATION! Chairman Powell said he needed to see higher unemployment so Big Tech complied! The Big CEOs know that we HATE THEM, that we call them out on their every move! We had money in the bank so what did they do! devise a plan to take that money away from us in ways that we had no control to stop! They don't want us to have control! Who are we to tell them, is their attitude! A perfect example is when Hollywood went on strike and we’re picketing. What did the studio do one hot summer night? They paid someone to chop down the trees even though they were owned by the City, so that the next morning there was no shade for the strikers in front of their entrance to their studio . Did they get in trouble for chopping down the cities trees maybe, but the fine they received was so minimal that what did they care, they spend that much on a Friday afternoon meeting with executives.
Across-the-board answers! What a hedge on the question! The Lowest income bracket Savings accounts are way down or Closed! “That's what she was asking about!!
Love this one! “People at the grocery store are buying less, that's because they are finding BARGAINS”! No, the rent went up so they can't buy as much food!
"We invested an additional $12 billion into community banks, because we know community banks are in the community, and understand the needs and desires of that community as well as the talent and capacity of community."
More and more debt to be paid back by taxing the hell out of workers so money can flow to healthcare, tech, oil and defence oligopolies. Eventually the workers wont be able to pay, what then?
Seems easy to say we spent too much on stimulus coming out of the pandemic but it literally saved our economy and so this language becomes dangerous if creates the expectation we should do less next time
The headline could just have easily have been, " Brian Moyhinan & BofA have taken recession off the table in forecasts, a change from previous forecasts. " BUT NO - FTN want the negative bias.
I'm so glad that Kamala is taking over for the next 8 years. It's going to be a great time for America. Liberal, progressive policies are the best thing for us!😊❤
Big Short "cat 💩 wrapped in 🐕💩" comes to mind. He's panicking knows the mortgage book is full of sub prime and wont get bailed out....really hope Trump or Biden's replacement are not stupid enough to bail put Banks or mortgages again.
America deals with the debt they have the same way America deals with you Margret, faking and manipulating the CBS news. Denial ! Now both sides are for ‘no tax on tips’ ! 😂
He wants the money printer turned back on for him and his rich friends. The banks dont care about people struggling with the cost of living, the unaffordability of housing or the terrible job market. Raise the interests ratss , we need some more pain for a lil bit longer but our economy will be stronger down the road with higher FED interest rates. People should be rewarded for saving and investing their money wisely.
™️🥷👍
Perhaps if banks 🏦 weren't charging 29% for their credit 💳 than households wouldn't be so overextended.
Bank of America..,🤔 remember 2008 and BOA🤔
Yes. They bailed out Merrill Lynch and Countrywide financial and then hired new leadership. What's your point?
Anyone else find it absolutely insane that the government mismanaged its checkbook so badly that now we all have to pay massively higher interest rates because of their mistakes?
I don’t. They use their money to build wealth with insider knowledge . Our money is mismanaged because it doesn’t affect them.
Nobody cares man, people already going insane 😂👍
I met Brian Moynihan a few years ago with an organization called Greenlining. Met him actually a few times. We were in meetings on the bank's commitment to the Community Reinvestment Act and other issues. I'd like to say during this interview he was spot on. The way he explained the economy and his current state of the economy and the consumer. Great interview Brian
Since you already edited your post once, go back and change "meant" to "met".
You obviously know what he meant.
I am so proud of Bank Of America🎉🎉🎉
We need more millionaires telling us the danger of giving money to the poor. Tax him and we can pay down debt. Also drop rates
So you agree with him on cutting rates. Lawl
Yeah, tax everyone that generates jobs and investment… that will work out really well. 😂
Interest rates aren't high. Inflation caused the issue and lowering rates without reducing govt spending (we are adding $1 trillion to debt every 100 days), inflation will come back and be even worse for the poor and working class.
Our ECONOMY IS NO LONGER A REALITY OR THE TRUTH! It is all fabrication and manipulation of the Stock Market! Look at Blockbuster and 1 day crash of the Japanese market!
As for inflation never happened it's all Artificial manipulation, more appropriately called GREEDFLATION!
Chairman Powell said he needed to see higher unemployment so Big Tech complied! The Big CEOs know that we HATE THEM, that we call them out on their every move! We had money in the bank so what did they do! devise a plan to take that money away from us in ways that we had no control to stop!
They don't want us to have control! Who are we to tell them, is their attitude!
A perfect example is when Hollywood went on strike and we’re picketing. What did the studio do one hot summer night? They paid someone to chop down the trees even though they were owned by the City, so that the next morning there was no shade for the strikers in front of their entrance to their studio . Did they get in trouble for chopping down the cities trees maybe, but the fine they received was so minimal that what did they care, they spend that much on a Friday afternoon meeting with executives.
Across-the-board answers! What a hedge on the question! The Lowest income bracket Savings accounts are way down or Closed! “That's what she was asking about!!
Love this one! “People at the grocery store are buying less, that's because they are finding BARGAINS”! No, the rent went up so they can't buy as much food!
Why am I listening to a CEO exposing away the truth? It pisses me off, gets my blood boiling!
This should be titled “raging drug addict begs dealer for more of the good stuff”
"We invested an additional $12 billion into community banks, because we know community banks are in the community, and understand the needs and desires of that community as well as the talent and capacity of community."
Raise the rates. Nothing worse can happen
Increase interest rates and decrease the money supply. Prices need to go back precovid
More and more debt to be paid back by taxing the hell out of workers so money can flow to healthcare, tech, oil and defence oligopolies. Eventually the workers wont be able to pay, what then?
Dude is scared as F*** I can hear it in his voice but they need someone to tamp down the fire
Election buy out. False info for votes.
Politically we need more moderates in both parties to address spending and agree on approaches to priorities.
Anything short of 50 bp's cut would be meaningless
I do trust what a banker says. 😅😂 Edit: And I work for a bank. 😅
The guy looks scared. Hiding information and praying that certain questions are not asked, he can sit look pretty and go through the motions.
But he says no recession. They why the rate cut. Isn’t all is well?!
Seems easy to say we spent too much on stimulus coming out of the pandemic but it literally saved our economy and so this language becomes dangerous if creates the expectation we should do less next time
The headline could just have easily have been, " Brian Moyhinan & BofA have taken recession off the table in forecasts, a change from previous forecasts. " BUT NO - FTN want the negative bias.
I'm so glad that Kamala is taking over for the next 8 years. It's going to be a great time for America. Liberal, progressive policies are the best thing for us!😊❤
Feds not cutting until inflation is done. RiP bofa
News corporations owned by billionaires who themselves have their money put into big hedge funds interviewing big banks... nicely done.
nah, break up BOA. lol simply economics will tell you, big banks are the problem.
The more money you have the more problems you have
Not if you are not spending your money.
Isn't this guy a member of the WEF?
Did we give out way too much $$$$ for people to stay home and not work for FAR TOO LONG for political purposes (Biden - we are talking to you!)? YES!
Lol. This guy looks a bit nervous.
Darn people looking for bargains and going to resteraunts.
Woke bank
Kamala is unstoppable, She is a porsche without brakes.
Big Short "cat 💩 wrapped in 🐕💩" comes to mind. He's panicking knows the mortgage book is full of sub prime and wont get bailed out....really hope Trump or Biden's replacement are not stupid enough to bail put Banks or mortgages again.
Is Ms Margaret in favor of Taxing TIPS ...😊
There is no such thing as recession for the rich. Of course!!
Just in time for the election 🥳😑
What's about Jesus' bank account?
America deals with the debt they have the same way America deals with you Margret, faking and manipulating the CBS news. Denial ! Now both sides are for ‘no tax on tips’ ! 😂
😮😜😈👿👿
Treasury Bond Market owns the Federal Reserve this journalist and CEO are diluted ..rates unequivocally will be slashed .50 basis point
™️🥷 have a great Monday 👍
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