IF there is no correlation in funds, then we shouldn’t be angry b/c it wasn’t our tax payer dollars being used in the first place.
.-= admin´s last blog ..Use The Sandwich Method To Provide Constructive Criticism =-.

But this doesn’t happen because it requires the individual investor to actually track every single stock / bond that their separate funds go into. My argument is that no one does this because either they don’t know how, don’t have time or just don’t care to spend that much time and effort to in effect do nothing if they did even pull their money out (as illustrated by Kevin, they just aren’t unified).

The reason I think there is no correlation between the two is because even though the technically can do those things, people don’t. Because people don’t, it’s wrong to assume that they support BofA. I think to make the correlation, you have to logically assume that a significant portion of people actually do pay attention to their funds and move in and out based on their political opinions.

Make this site will become a big movement in years time and we can sway public opinion? One never knows. I vote with my pocket book by NOT choosing to give money to certain instituions for my savings for example.

I think we can always make a difference.

As the masses, we barely have the ability to be unified in our voting patterns, let alone in investment decisions. Look how close most of the national elections have been in the past 20 years. The public collection of little people have no concensus on anything.
.-= Kevin@OutOfYourRut´s last blog ..Fast Track to Frequent Flyer Miles =-.

BOA was its own agent in raising $19 bn from the public via new shares. They made a handsome profit for themselves in fees.

If you don’t believe in the correlation, then is it safe to say that your money wasn’t used to bail out TARP banks in the first place?

Cheers
.-= admin´s last blog ..Everything Is Relative Superstar – Being Happy With What You Have =-.

Bank of America and any other bank or large corporation deals with an investment bank when it comes to raising capital. The investment bank(s) is the only institution being dealt with and they in turn will now hold the instruments (I don’t know what B of A is using to finance) be they bonds, stocks, etc. and guarantee the money to B of A. The investment bank then has to go about and sell the instruments to investors, be they individuals or institutions.

Linking the fact that a corporation was able to raise money directly to an individual investor is just structurally flawed because the way the system works, the individual investor has no say whatsoever.