Posted by: Lipstick Piggy | October 1, 2008

CONGRESS Caught in HYPE | Loans Available | Bank of America Sets Record Straight

So what do you make of this?  Why would the POLITICIANS feed so many stories that the sky is falling and loans are not happening?

From: Di Rita, Lawrence
To:
Sent: Wed Oct 01 17:47:08 2008
Subject: as discussed

[ ] the comments below should clarify and help round out the perception left by the story last nite.  You can use them on the record from a Bank of America spokesman, or from me by name as a Bank of America spokesman.
It is important to correct the somewhat inaccurate perception that some may have drawn from the story, though.

Thanks for your assistance.  Please let me know if you need any more info.  I can be reached at …..

____________________________________

Bank of America continues to lend to McDonald’s franchisees. Any suggestion that credit lines to McDonald’s or its franchisees have been frozen is factually incorrect.

Bank of America is very much open for business.  The strength of our core businesses, capital and liquidity enable us to continue to support the financial needs of our clients, including those in the restaurant and franchise industry.

We have honored and expect to continue honoring all of our credit and depository commitments promptly and at agreed-upon terms, and we will continue to work with our clients to address their financial needs.

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