Thursday, May 28, 2009

An intelligent response . . . but no answers.

I still have not received a substantive response from Bank of America, but in searching for other blogs/articles expressing similar concerns, it appears that B of A and other TARP recipients are being bombarded with queries such as mine. Good!

On a slightly more positive note, I was heartened by the thoughtful response I received from Elizabeth Warren, Chair of the (TARP) Congressional Oversight Panel (COP). It was an appropriate form letter and provided much information. Reading between the lines, it's clear the COP is frustrated and working hard to get answers.

I recently saw Elizabeth Warren interviewed on The Daily Show and was impressed with her—she's very smart and down-to-earth. (see the 2-part interview here: http://tinyurl.com/d2lbt9, http://tinyurl.com/d7s7s2 I take some comfort that a person of her caliber is leading the COP. Whether the COP will be able to glean the answers and transparency they are looking for remains to be seen. Check out their website: http://cop.senate.gov/, especially the "Reports" section.

I don't expect to ever hear back from Bank of America, but I do have to thank them for pissing me off to the point where I started blogging. It was not my intent to devote this blog to Bank of America's dated and wasteful business practices so I hopefully wrap up the issue with this post.