Comments on: Under New Ownership: Bank Of America

CEO Of The Nation's Largest Bank Talks About The Treasury Department's Plans For Buying Into Financial Firms

[mdj]

Oh so thats where all of my mothers money is going into his pockets and she makes nothing. Bank of America are rude as heck. our trust is with them and not by our doing. They do nothing for my mother and are always working against her. Funny they get paid out of the principal as does their lawyer but my mother gets barely anything and has to pay for her own lawyer to defend herself from these horrible nasty people. Plus she gets a monthly payment and she''s elderly and all they came up with was 400.00 from investments. And the vice president (lady) in Connecticut yelled at my mother and said she cannot meet with her trust advisor!! after she (my mother)had set up an appointment after the previous lady wouldn''t meet with my mother either(and why is that??) so there was a new guy put on and we though finally BOA was seeing the light. NO SUCH LUCK. I''d say its against the law lady. BANK OF AMERICA is the worst bank out there and for 60 minutes to even do an interview with them is pretty disgusting. They (BOA)are corrupt and live off consumers and boy have I heard stories. How come such a big bank can be such a nightmare for my mother. Well CBS you tell me, are you proud of your interview!! How could you stoop so low??

[mdj]

Oh so thats where all of my mothers money is going into his pockets and she makes nothing. Bank of America are rude as heck. our trust is with them and not by our doing. They do nothing for my mother and are always working against her. Funny they get paid out of the principal as does their lawyer but my mother gets barely anything and has to pay for her own lawyer to defend herself from these horrible nasty people. Plus she gets a monthly payment and she''s elderly and all they came up with was 400.00 from investments. And the vice president (lady) in Connecticut yelled at my mother and said she cannot meet with her trust advisor!! after she (my mother)had set up an appointment after the previous lady wouldn''t meet with my mother either(and why is that??) so there was a new guy put on and we though finally BOA was seeing the light. NO SUCH LUCK. I''d say its against the law lady. BANK OF AMERICA is the worst bank out there and for 60 minutes to even do an interview with them is pretty disgusting. They (BOA)are corrupt and live off consumers and boy have I heard stories. How come such a big bank can be such a nightmare for my mother. Well CBS you tell me, are you proud of your interview!! How could you stoop so low??

[lalange-2009]

As a former employee of MBNA, I wish Lesley Stahl asked Ken Lewis his opinions on the laying off employees from the banks they have acquired. And did he think that maybe B of A has contributed greatly to the unemployment rate.

[arthurcl1]

YES I HAVE SAID THIS SINCE LAST JULY! THANKS PELOSI FOR SPEAKING OUT! BUSH IS A TOTAL FAILURE AND WORST PRESIDENT LIAR TO THE AMERICAN PEOPLE GOING OVER U.N. TO INVADE IRAQ WITH NO WEAPONS OF MASS DESTRUCTION FOUND! HE NEEDS TO GET OUT NOW SINCE OUR COUNTRY IS IN HIS RUINS! OUT! OUT! OUT! MONTHS LEFT! OR HE WILL INVADE IRAN NEXT!
"You know, God bless him, bless his heart, president of the United States, a total failure, losing all credibility with the American people on the economy, on the war, on energy, you name the subject," Pelosi replied. She then tsk-tsked Bush for "challenging Congress when we are trying to sweep up after his mess over and over and over again."

[mobruins21]

Sorry Leslie, but your piece was nothing but a piece of corporate fluff poop. My experiences with B.of A. have been horrendous! And to suggest that their acquistions of Countrywide and MBNA - two other companies I will never deal with again - are all nice and neat sweet company growth - get a clue!!!

Those two companies are cut throat, they cheat, they lie to you as consumers. I have cut all possible ties to these corporate theives and B.ofA. - America, keep an eye on all of these guys before your wallet is empty.

I love that the credit cards are defaulting! No wonder, MBNA is a crooked, dirty, cheating company with obscene interest rates - deal with them and deal with the devil.

[mobruins21]

Sorry Leslie, but your piece was nothing but a piece of corporate fluff poop. My experiences with B.of A. have been horrendous! And to suggest that their acquistions of Countrywide and MBNA - two other companies I will never deal with again - are all nice and neat sweet company growth - get a clue!!!

Those two companies are cut throat, they cheat, they lie to you as consumers. I have cut all possible ties to these corporate theives and B.ofA. - America, keep an eye on all of these guys before your wallet is empty.

I love that the credit cards are defaulting! No wonder, MBNA is a crooked, dirty, cheating company with obscene interest rates - deal with them and deal with the devil.

[txlakeside]

Welshwoman ... LOL! Lets see, the banks did what is called predatory lending, lent money with no income verification and did 125% loans and you blame Welfare. ROFLMAO!

If you actually pay American taxs look on the back of you tax book and it shows you how little actually goes to "Welfare"

And now we have welfare for the rich, tax shelters, tax exempt trust funds and tax havens. Add this lack of tax money America gets to the billions ripped off in Iran by contractors, add that to the billions given in tax breakes to the oil CO''s and the Trillions this bank fiasco is going to cost .... you will quickly see you are an idiot who really has no clue as to who pays the most in taxes and who uses most of those tax dollars!

[welshwoman-2009]

The USA has great schools and it''s a shame many Americans, and whoever else attends, doesn''t spend more time learning in them so they wouldn''t take out ridiculous loans and put us in this position. Oh, that''s right, we''re in the US and no one wants to be responsible for themself - it''s always someone else''s fault and someone else''s problem. The Welfare system was the end of this country and no one can save it now. Everyone wants a free ride and to blame someone else for everything. None of you are perfect either are you!?

[harbinger09]

Merrill Lynch would go down in flames? No One!

Posted by paramountpro at 08:57 PM : Oct 19, 2008


I lost over 90K in the 1990s when the Pacific rim investments collapsed. My Merrill Lynch broker had put me in high risk stocks though I said my tolerance was moderate to conservative. She said that I was young and could afford the risk. Nice. A few years later, I was informed of a class action suit which I was a part of and was told to either file a suit on my own or let them handle it. It turns out ML was putting people in high risk funds that they had an interest in and received kickbacks from. One of my investments was one of those companies. IN the end, the lawsuit was settled for over 400 million dollars and I got a check for 58.00 and a few pennies.

NEVER go into a class action suit--it nets huge returns for the lawyers--but after the fees and court costs, etc--due to the amount of plaintiffs--you usually get pennies back. I have inadvertently been a part of about 8 or 9 suits--none initiated or followed up by me--the largest one paid 127.00, the smallest, less than 5.00 the attorney''s fees for these huge cases--was in the MILLIONS. Class action suits are for suckers and only benefit the blood sucking lawyers. Just think, after losing over Ninety thousand dollars--you get a check for fifty eight dollars. But the lawyer gets over 100 million for himself and his firm. NICE racket, huh?

[harbinger09]

he most amamzing thing was that in those days, working for the bank was like being part of a family. I left to attend law school and in all my years in the business world, I have not encountered more visionary leadership with heart than that of VNB in the 80''''s.

Posted by dstadlin at 08:27 PM : Oct 19, 2008


Is there any group more skewed when it comes to the truth, honor or decency than lawyers? You rest your own case. Banc of America has repeatedly had troubles and been brought up on violations to the SEC and other regulatory agencies due to fraud and other practices. Like a family to you? What is your criteria? Mafioso or small time ma and pa robbing?

[harbinger09]

The company is called Banc of America with a "c" not a "k" and for that one, I am not surprised. When I owned stock in one of their investment firms and tried to liquidate last year--it took over 8 weeks and intervention by the SEC and the state AG to finally liquidate. They tried to hold onto funds as long as possible, ignoring letters, phone calls and emails then saying they lost all correspondence and did not execute my orders when given because the mgr for my account had gone on vacation then later left to have a baby--and somehow never looked at my paperwork--then after the SEC got involved, they claimed they "found" all the paperwork in her chair and for over 8 weeks no one had looked at it or done her work. (I just got lost in the shuffle) which would be believeable (NOT) if only I had not been contacting, emailing and writing them almost weekly about liquidating all my shares and giving me my funds. They are a corrupt bank and if they have any troubles--it could not happen to a more deserving group. Incidentally, how on earth could BoA be in trouble when just last week they were trying to buy several distressed banks themselves? When is enough/enough?

[h5mind]

The simple and inescapable reason for our current financial meltdown is the fact that the world market has come to realize what our banks have known for years-- that an economy based on the creation of debt--not wealth-- is doomed to fail. Banks, governments, and nations go bankrupt for the same reason as individuals-- they spend money they don''t have on things they don''t need. $150 billion in pork tied to an equally worthless ''bailout''. Billions to support pre-emptive wars around the globe. Billions more to curtail liberty, destroy sovereignty (state and personal)and undermine the constitution here at home in the pursuit of "a little security". How many bald-faced lies do these hyenas have to tell before we realize they are not to be trusted with our wallets, our economy, and certainly not our safety?

[txgrouch2007]

AIN''''T REPUBLICAN CAPITALISM WONDERFUL?????
Posted by walt1944 at 09:41 AM : Oct 20, 2008

Is Barney "Affordable Housing" Frank a Republican?

[credibility2]

These newly fashioned behemoth banks aren''t good for the overall economy since they reduce competition, reasonable trade and consumer options and tend to encourage price fixing through market domination. Pretty soon, there will be only one entity that owns the entire world. Just kidding, but it''s looking like that more and more.

[soubie1]

The past past few weeks all I have heard was how credit is freezing up. This Saturday, I was going through my junk mail and came across a solicitation from Bank America offering an unsecured loan for $50,000.00. Imagine my shock when I realized it was addressed to my 17 year old daughter. I have to believe that had she completed this application she would not have been approved, but is this what Bank America is teaching our children/young adults? Has the banking industry learned nothing?

But after watching this segment, I guess Bank of America received so much unwanted money from the government, that they have to spend it somewhere. I would prefer the BOA executives go pheasant shooting with the AIG people.

[walt1944-2009]

It has been learned that the Bank of America already has plans for the $25 Billion which the Great Emperor Bush and his stupid Treasury Secretary, Henry Paulson, insisted the Bank take anyway, even though it didn''t need it.

First, the upper managers of the bank will each get a hefty bonus and raise compliments of the American taxpayer!

Next, the upper managerment of the bank will have a series of weekend "seminars" at exclusive resorts rivaling the "outings" that the upper management of AIG has had over the past several weeks, again at taxpayer expense!

Finally, the bank will raise fees and interest rates on ALL their customers, simply because all the other banks will be doing it, and it will make their financial statements look that much better!

AIN''T REPUBLICAN CAPITALISM WONDERFUL?????

SIG HEIL, MIDDLE CLASS? WHAT MIDDLE CLASS???, BUSH!!!
sig heil, I''M IN A RUT WITH JOE, THE PLUMBER!!!, McBush!!!
sig heil, I THINK I DID GOOD ON SNL!!!, Palin!!!

[wizard-13]

How are the Banks planning on paying us back? Did we buy stocks in the company so when they become profitable again we get the revenue? Or was it a gift? The Goverment shuold freeze all the assets of all the management of these banks until they become profitable again. We suffer you suffer. Welcome to America. The best country money can buy.

[slim1h2o]

The total was $125 billion of taxpayers'' money. Bank of America, Lewis says, didn%u2019t need the money %u2026 but got $25 billion anyway.


Gee, I need some of my SS money. Hey feds, ya think you can send me some of what you owe me now?

After all, you''re willing to give 25 billion to a bank that don''t need it......

[truthspeake2]

Not too worry - goat lover bahbahbahbahbama will fix everything with all his "new" campaign contributions - the citizens of America are broke, yet they afford to give oshama an average of $86!

LMMFAO!!! get ready America for your new burkas

Posted by pelosilover at 01:51 AM : Oct 20, 2008


LOL....what it speaks to is how much we hate the GOP and its supporters and where you hate and war mongering morons have taken this country but hey, when its all over, you guys can take up a collection for McSame and McPalin to take a lesson in Campaign Politics 101. How''s that Trickle Down working...

[grandesign]

raemyles,

Please GO AWAY!