Bank Of America Walkout: He Calls It 2 Years Ago

Submitted by: Student_Law 5 years ago

Never mess with marketing people. They don"t just call and yell at customer service.
There are 32 comments:
Male 303
@Student_Law
They also wouldn`t do it again if the government didn`t bail them out. No need for regulation. The market will punish them if the gov just stays out of the way. No bank is going to give out loans they know cannot be paid back unless:
1. They are forced to (they were)
2. They know the government will bail them out (they did)
0
Reply
Male 1,010
..without regulation.
0
Reply
Male 1,010
Problem is, that banks no longer take responsibility while lending out money. Remember when you had to go "hat in hand" and ask for a loan? There was a reason for that. People say "you know credit cards and loans costs, if you couldn`t afford it, you shouldn`t have gotten one. Don`t blame the bank!"

In a way, this is true. The problem is that many people will loan more than they can afford anyway. Especially young people, who don`t know much about interest rates etc., an they want to emulate the elder generation and be successful and cant wait for it.

So what happens is that banks lend out too much, and who`s money are they lending out? Our money! What we earn from our jobs. And who is going to pay for it, when the others can`t pay it back? Not them, obviously. Not the banks, they`re too big to fall. So... there`s one one guy left. Yep, you guessed it. Us. Workers. Taxpayers. And thats how banks wrecked the economy. And they`ll do it again, withou
0
Reply
Male 546
Thank you to our Congress for this stuff.

Maybe the Lawmakers in Washington should pass another law or regulation saying that all services from the bank are free. We shouldn`t have to pay for electricity, or gasoline either. We need the government to make these business do the right thing.
0
Reply
Female 737
Won`t do this for two reasons, first I already closed my BoA account two days ago. Seconded, gathering a bunch of people to do it all at the same time is asking for trouble. You`re going to get arrested if you make a scene. What should be done is the same thing I did- do it soon, do it on your own.
0
Reply
Male 37,890

Dumbest fee ever... Wells Fargo came up with the "Excessive Deposit Fee". If you made more than 4 deposits per month you got a $12 charge.

Whoever thougth of that should have been laughed out of the meeting room!
0
Reply
Male 37,890

LOL @ Burgh

A toast to Burgh = Brilliant!

0
Reply
Female 4,039
@grininblade - I`m not sure what your point is. Mine was about how credit cards work.
0
Reply
Male 296
I`m glad people are finally starting to see this. I dumped BofA years ago because of their BS.
0
Reply
Male 4,902
I wanna punch this guy in the face, stupid v-neck sweater, I hate you.
0
Reply
Male 1,461
0
Reply
Male 14,775
He wants 5mm people to close their accounts because he`s tired of citizens supporting Bend Over America through taxes? If 5mm people closed their accounts for cash, that could cause a run on the bank and a federal bailout, and that would be paid for by the federal government and then by citizens through taxes. So I don`t think he will achieve his goal this way.

It`s a good thing he is a brand image draftsman and not a senior bank executive, or we`d be paying even more for fat cat incompetence.
0
Reply
Male 15,832


BoA bought my credit card company. I had that card for 29 years and never was late with a payment. Every time I made a payment, they lowered my credit limit to the remaining balance, so I closed the account.

BoA gives lots of money to left-wing causes like ACORN and Jesse Jackson`s Monochrome Coalition. Just look at all the goodwill they got for it. Ha ha ha ha ha...stupid wankers. The lefties hate them more that anyone!

I hope they go bankrupt and every fapping bastard who works for them and makes over $60K ends up unemployed.
0
Reply
Male 40
Err...Credit Union? It still amazes me when people don`t use them instead. Someone please explain it to me.
0
Reply
Male 303
Bank of America provides a service. They could charge $100 for an ATM withdrawl if they want. Just close it and go to a new bank. Or keep your cash at your house.
0
Reply
Male 234
Oystah, they do actually care if people close accounts because it is less capital they have to lend which is where the make money. If you take all the bullpoo that banks did with foreclosures without reviewing mortgages because they were cut up and sold, hiking rates while firing workers and boosting CEO pay, then yea it is worth standing up for. Corporation bullpoo has pushed out the small american business due to their size, then screw over the economy when they horde cash in offshore accounts and overpay ceos. It is something worth standing up for I think, but if you believe your better being a mindless drone, only agreeing with whatever antidemocratic `their all socialist` bullpoo that fox news spews every day then by all means.
0
Reply
Male 300
"You knew the credit card was dangerous when you took it Fred"

Words of wisdom from Super chicken.
0
Reply
Male 186
I don`t understand why people whine so much about the voluntary relationships they have with corporate America. The guy`s right, but why complain about it, just close your account and move on. The poor guy almost seemed like he was about to cry.
0
Reply
Female 4,039
Also, they don`t care if you close your account becuase they aren`t making any money off you and would prefer that you just go away.
0
Reply
Female 4,039
A lot of banks do this now when you don`t carry a balance and you always pay on time, or you don`t use the card much - since they`re not making any money off you, they jack up your interest rate and late fee and figure sooner or later, maybe you`ll buy something and not pay off the balance that month or maybe you`ll eventually be late on a payment.
0
Reply
Male 25,416
Maybe you shouldnt borrow money -
0
Reply
Male 83
Isn`t BoA one of the banks that DIDN`T need to get bailed out when the poo hit the fan? I was thinking they didn`t really need to money and was one of the first banks to pay the bailout money back.
0
Reply
Male 688
"Bank of America is a JP Morgan bank. They are part of the elite family of corporate bankers who really runs the show. Closing an account at Shank of America will not hurt them one bit. They will just open another bank with a different name just like they did with Wells Fargo, Citi, Chase, etc. They have these "ghost banks" everywhere. It is great however, to see people finally waking up to these ponzi schemes."

Well then it appears they control all the money everywhere and there is nothing we can do, the end.
0
Reply
Male 688
Maybe you shouldn`t be using your credit card so much buddy.
0
Reply
Male 282
Bank of America is a JP Morgan bank. They are part of the elite family of corporate bankers who really runs the show. Closing an account at Shank of America will not hurt them one bit. They will just open another bank with a different name just like they did with Wells Fargo, Citi, Chase, etc. They have these "ghost banks" everywhere. It is great however, to see people finally waking up to these ponzi schemes.
0
Reply
Male 701
I don`t think the big banks make all their money from credit cards and checking accounts. Corporate loans, mortgages and investment portfolios are what matters to them
0
Reply
Female 2,674
"BOA isn`t evil, people. "
Great, now I`ll associate the singer BoA with Bank of America x_x

@Gerry: Win!
0
Reply
Male 2,516
ha!, Gerry wins the internets
0
Reply
Male 2,670
BOA isn`t evil, people.

They just want to eff you up the @ss until you bleed money. What`s wrong with that? You don`t enjoy that? Well then you must hate America. Why do you hate America? And puppies? And God? Stop hating and bend over.
0
Reply
Male 37,890

0
Reply
Female 2,764
My 80 year old grandmother had that happen to her a few years ago. Bank of America sent her a letter saying her Credit Card rate was just about tripling in cost. She was never late, never over, hardly used the card to begin with and has been a costumer with them for MANY years with excellent credit ratings. I had her move the debt to another card at another bank and her payments ended up being lower then the first bank. I believe it will be paid off next month.
0
Reply
Male 1,010
Link: Bank Of America Walkout: He Calls It 2 Years Ago [Rate Link] - Never mess with marketing people. They don`t just call and yell at customer service.
0
Reply