We're from the bank and we're here to help you: Now stick 'em up

Bank of America, Wachovia, PNC Report New Loan Losses (Update3)
By David Mildenberg and Hugh Son

Dec. 12 (Bloomberg) -- Bank of America Corp., Wachovia Corp. and PNC Financial Services Group Inc. said losses tied to bad debt will be worse than expected, providing fresh evidence that credit markets aren't returning to normal. -original source here

Hmmm, ... wonder whether our Bank Buddies are gonna shrug off their losses with big red faces, admit their unbridled avarice ... and learn a lesson about fiscal responsibility?

Will banks finally wise up n' buckle down ... no longer writing risky loans or issuing "credit cards" to folks who're already over-extended & unable to make minimum monthly payments?

Or, can we expect them to:

1) Raise interest rates & minimum monthly payments for "marginal" borrowers (folks with variable-interest mortgages and debt cards)
2) Mass-mail enticing new offers to "even more marginal" borrowers/debtors
3) Lay off "non-essential personnel" (i.e. bottom-tier bank employees; not the folks responsible for banks' lending practices) "as a response to the disappointing current economic downtrend"?
4) Resort to predatory lending by writing increasingly-risky loans (before their competitors do)
5) Increase fees & service charges; create new ones; offer fewer services
6) Argue that "Stealing isn't stealing when stealing is protected by law"

But isn't that Free Enterprise? Ain't that how Capitalism works?

Banks hire lobbyists and make huge political contributions to manipulate the legislative process and enact laws penned in their corporate board rooms intended to guarantee their profits.

That how we end up with The Best Government Money Can Buy.