Now that my Unemployment comes in the form of a B of A

[Le Taz Hot]

Debit/Credit card, I read this:

AIG Sues BofA for 10 BILLION: Countdown to Bank Of America Deathwatch or Bailout 2.0?

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1690279

and this:

Here Comes TARP 2: Bank Of America Implodes, At $6.87, BAC CDS Up 20% As Bankruptcy Contemplated

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1690249


So, the unemployment $$ are now going through B of A AT EXACTLY THE SAME TIME they will be needing a bailout and I'm not supposed to find the timing of all of this the least bit suspicious? :wtf:

[dixiegrrrrl]

1. JP Morgan will profit from BOA demise.

J.P. Morgan produces ( for a profit) food stamp debit cards and unemployment cards.

Unemployment "checks" in some states are actually debit cards.
Food stamps are now debit cards.
And J.P. Morgan has the government contract to make them.

The Treasury is going to require automatic deposit of Soc. Sec. checks in 2013 which can be direct deposit OR debit cards for "non-bank" customers. Chances are J.P. will make those, too.