Tag Archives: Bank of America

Big Deal

Pres. Obama Unhooks Banks

   President Obama announced a historic settlement today.  A $25 billion settlement was reached with Bank (not for) America, Citigroup, JP Morgan Chase, Wells Fargo and Ally Financial over their blatantly fraudulent,  selfish, heartless, economy and middle class destroying activities in the housing market.  But is it enough?  Hard to know when the actual size of the fraud is yet to be determined.  Investigations are still ongoing.

    The settlement promises those who have already lost their home up to $2,000 in compensation (2 little too late), principle reduction for those still in their home and are underwater (to market value?), as well as new regulatory guidelines for the mortgage servicing industry (depends entirely upon enforcement).  Up to 40 states have signed on to the agreement (New York and California included) which brings into question the adequacy of the amount of the settlement.  Historic settlement?  Historic fraud (bank perpetrated).  Did the Pres. let them off the hook?  When we finally find out how much carnage the banks actually caused, will they be laughing all the way to themselves?

– L. Morales

Don’t Feed the Parasite

                                                                                                                                                                                                                                                                      Bank of America Halts Plans to Charge Debit Card Users $5/Month

     Bank of America has realized it’s error in charging it’s customers $5/month to use it’s debit cards –   telling us about it!   Don’t be fooled people.   Keep your eye on your statements… – they will find other ways to take your money.

     Until I realized that I was the host and Bank of America was the parasite, I too was a customer (they make really great commercials).  Tired of being “nickel and dimed” to death, I took my money to another institution – Wells Fargo (did I mention this was years ago?).

   Today I do business with my local Credit Union and am quite happy with their service.  Our relationship is a symbiotic one.  Knowledge is power people.  Big banks are profit driven, credit unions are people driven. For me, the choice was easy.  Until they change from Bank of America to Bank for America, I will not do business with them.

     How about you?    Are you still… feeding the parasite?

– L. Morales

we don’t need no water…

Let it Burn!

       These protestors realize that the only way to show BofA that they are serious is to burn their ATM cards.  We should all do the same!

 Protesters in Seattle, WA burn their Bank of America ATM card.

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