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Bank Of America Walkout: He Calls It 2 Years Ago

Never mess with marketing people. They don`t just call and yell at customer service.

submitted by: Student_Law
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Bank Of America Walkout: He Calls It 2 Years Ago. Never mess with marketing people. They don`t just call and yell at customer service.
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Hits: 11891 | Favorites: 2 | Emailed: 2 | Rating: 3.1 | Category: Lifestyle | Date: 10/18/2011
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Male, 18-29, Southern US
 303 Posts
Friday, October 21, 2011 11:34:48 AM
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)

Male, 30-39, Europe
 966 Posts
Thursday, October 20, 2011 3:49:14 AM
..without regulation.

Male, 30-39, Europe
 966 Posts
Thursday, October 20, 2011 3:47:58 AM
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

Male, 50-59, Western US
 548 Posts
Wednesday, October 19, 2011 3:42:19 PM
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.

Female, 18-29, Western US
 740 Posts
Wednesday, October 19, 2011 1:45:27 PM
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.

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