Bank Of America Is Getting Sued By A Company That's 34% Owned By Bank Of America
 

How odd is this?

But also suing BofA, according to Bloomberg, is Blackrock, the asset manager that's 34% owned by BofA!


Read more: http://www.businessinsider.com/black...#ixzz12pgd2YTK

May be odd, but not at all irrational. Being partially owned by someone doesn't prevent a company from being potentially hostile to "daddy" and trying to throw him off while getting some cash via court in the process.

companies "sue themselves" all the time.

generally this happens because of some breech of contract or falling apart of some agreement between the two parts of the same company where two different management structures are involved.

does it make sense? no... they could settle it out of court and save a lot of money for both companies.

but hey... when is the last time you knew "management" to do much of anything that made sense on the front line?

Management and sense?? Surely you jest, sir. :haha:

I'm dead serious, and don't call me Shirley!

C'mon, you had to see that one coming. :O:

BOA was one of the more corrupt banks in the financial crisis. so this lawsuit is no surprise to me. They're sins are coming back to bite them.

:haha: Your memory is a lot sharper than mine. I had to look it up. :oops:

That's why alot of people have switched to Credit Union banking.

They wired me $20K just today so i've got no room for complaint;)

I recently switched all my banking to the Bank of Nigeria after the deposed president of the country sent me an email about the great interest rates they have...

Guess who's buying beer to all the subsimers tonight :O:

I tell you what...

you guys can have a free beer each at my place but there is a 10$ fee at the door.

and at least 300 of you have to show up though. :D

offer valid only on 10-19-2010 from 6:00pm to 6:10pm central time USA

hope you can make it in time

hey now its $5 a cup at a kegger here. What kind of beer we talking? lets start at the ground here and work up on this deal