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Bank Of America: Now With Improved Citizen Screwing Power!


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Bank of America has some serious explaining to do to its customers.  

Last week, the bank loaned twenty million dollars to Clackamas County. The money was then used to pre pay a bill for light rail. What the bank had every reason to know,  was that ballots will be counted tomorrow to let voters have a say in all light rail funding.  

I’m sure that the bank didn’t violate the letter of the law.  But when bank customers find out that Clackamas County Commissioners determined to pay a bill they know their constituents don’t want paid, they’ll have to answer for that at the next election.  

I’ll bet there are plenty of B of A customers who won’t like the idea of a Bank helping rogue politicians circumvent the will of the voters. Banks spend lots of advertising money to tell folks that they’re part of the community, warm and fuzzy, care about the little guy and really want to earn your business. I don’t bank with B of A but if I did, my accounts would be on their way out the door to another bank right now. 

It surprises me that the bank’s underwriters would make such a loan given that they know there is a public groundswell against paying for TriMet’s gold plated, 1.5 billion dollar choo-choo train.  

Tomorrow when the votes are counted, we’ll get an idea of how strong opposition is…and I’m sure that starting today, BofA will be counting its lost customers.

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