It's an alphabet soup that doesn't allow for even a relatively straight line between money and banks. The Treasury ultimately provided the money, the Office of Thrift Supervision was supposed to oversee the money, the Federal Deposit Insurance Commission closed banks that didn't qualify for the bailout. But who wrote the check and was ultimately responsible for those banks until they paid the bailout money back?
posted by CollectiveMind
on Feb 11, 2014 -
I had two Bank of America credit cards. Both were of the high interest types (21% and 25% interest). I owed in the area of 5 thousand dollars total
and I knew that it was time to bite the bullet and take the money out of my savings to pay them off. I may have been late in payments a few times (not often) and usually I only paid the minimum payment due. I naively thought paying them off completely would be viewed as a positive thing. I paid them both off just days ago. [more inside]
posted by anonymous
on Feb 26, 2010 -