How severe are the debts (including Mission Accomplished)incurred in the 2000s? From the NY Times of 11 Dec 2010:
Quote:
Batting Cleanup at Bank of America
The problem facing Bank of America is stunning, both on an economic and on a human scale. Among its 14 million mortgage customers, nearly 1 in 10 is past due. Another 190,000 have not been able to make a payment in at least two years, and one-third of the homes facing foreclosure are vacant, making them harder to maintain and sell.
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We have only begun to clean up post 2000 corruption - also called "The purpose of a business is to make a profit".
The profits were massive.