LETTERS
- Share via
Re: “BofA chief sees a recovery,” March 25:
Isn’t it funny how the rules are different depending on which side of the bank counter you are on?
Kenneth Lewis, chief executive of Bank of America, was pleased to announce that, as soon as later this year, he hoped to start paying back the $700-billion Troubled Assets Relief Program money that Bank of America took from the government, without saying when repayment would begin.
Now imagine what would happen if, as a small-business owner, I called Bank of America and told them that I was pleased to announce that I hoped to start paying back my business credit card later this year, hopefully. Do you think they would be open to this idea? Somehow I doubt it.
This is yet another of the double standards that have to change in order to get this economy growing again and improve the public perception of banks as a whole.
Neil Storer
Garden Grove
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.