This is in reaction to a story I heard on NPR today.
The banks (this story was specifically about Bank Of America) are whining that people are bitching about the money they spend on major sports advertising, claiming that the critics don't understand that it creates a net profit.
They say that such advertising is extremely effective. And you know what . . . I believe them. However, what such advertising is effective at is not generating checking accounts, CDs, or mortgages that wouldn't otherwise exist - what it is effective at is STEALING BUSINESS FROM OTHER BANKS THAT WE ARE ALSO PROPPING UP.
Our bailout money is going towards competing with our own damn selves. HOLY SHIT!!!1!!1!
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