I bank at B of A and I know they are down sizing, because they only have a few people working in our local branch. I was on hold 45 minutes one day, and I only stayed on hold because I desperately needed assistance. When I asked management about the lack of help, the reply was that B of A Corp. does technical studies of when customers visit the bank and they don't want extra personel standing around with nothing to do through out the rest of the day. Okay.. but what about customer service when traffic is heavy? Same at Walmart. They have 20 cash registers and only 3 people working. I refuse to go to Walmart because I won't wait in line for 30 minutes. B of A worries me, because if all were well, they'd have adequate personel to run their branches.

Why they rather sell at a discount to others and not deal with the people of this country? We are collateral but our peole can't have discounts. Why?

When banks take a loss they get to write it "off" on their taxes why aren't mortgage foreclosures treated the same way!
Fix the housing problem people are not going to think about spending any money they have on incidentals when they are worried about where are they to stay from one day to the next. Force the banks to renegotiate the loans to 4% it would be cheaper than going through litigation for every foreclosure. I know that i would rather take a 4% profit than a complete loss on anywritedowns.

I also bank at BOA and I've been noticing a lot of sign changing. They're changing from the gray backgound to red. Now who puts red on red? It is so difficult to see and think of the cost!!!! Can they really afford to dress themselves up? As a customer I could care less what color their signs are! Is this just in Phoenix?

They have the highest interest rates for home mortgages among banks. If you lower your rates maybe more people would take out loans and they would get more capital from down payments.

I've been keeping an eye on BAC for awhile now re service and basic financial goals. I don't see anything good from any of it. BofA trying very hard to be the next JPMorg. Doubtful. Living in NC, where they originated, our lovely new Gov. Bev Perdue, just named Lewis to head state financial system. A poor choice due to huge conflict of interest. I detest BofA's willingness to profitize off the backs of very poor consumers. Very bad and in very bad taste. Se la vie. Buyer beware. I will never subscribe to BofA's way of doing business.

Bank of America appears to be in dire shape. And why not after sucking up Countrywide and all its toxic loans. A series of bad decisions.

YOU MAKE MORE SENSE . AVERAGE CITIZENS OF UNITED STATES NEEDS HELP . COMPANIES ALREADY RECIEVED THERE "BILLONS DOLLAR CHECKS" AND THEY'RE HOLDING ON TO IT . AVERAGE CITIZENS NEEDS THE HELP ESPECIALLY PEOPLE WHO LOST THERE OWN BECAUSE OF MORTGAGE COMPANIES LYING TO THEM . THE ONLY ONES WHO WILL HURT WILL BE THE LITTLE PEOPLE . WAIT TILL YOU FOUND A JOB , GOOD LUCK , YOU WILL MAKE LESS MONEY THAN YOU MAKE NOW , START SAVING MONEY . companies will only pay you less money per hour $10.00 - $15.00 on average . You can send all the applications , resumes , to these companies believe me , it means nothing , they will not call you or say , you're overqualified , your college degree will not mean anything . Oh let's not forget Age Discrimination , believe me , that will play against you too . Hard times are here now and good luck , because you will need it . 10 million people are laid off now , soon will be 20 - 40 million people if this continues .
If people recieve stimulus package , for $100,000 (taxpayers ) it will help and yes you will have to pay taxes on it , but at least it's going to help everyone . This is a small amount compared to the billions Treasurer already send to the Big companies .
~~~~~~~~~~~~~~~~~~~~~~~~~~~
ted said...
When banks take a loss they get to write it "off" on their taxes why aren't mortgage foreclosures treated the same way!
Fix the housing problem people are not going to think about spending any money they have on incidentals when they are worried about where are they to stay from one day to the next. Force the banks to renegotiate the loans to 4% it would be cheaper than going through litigation for every foreclosure. I know that i would rather take a 4% profit than a complete loss on anywritedowns

bank of america....america new financial football to be kicked around and spat upon. sounds like envy of success to me.

As I recall, Bank of Americsa was pressured (sorta)
to buy Merril Lynch in the hopes that by doing this the snowball would be slowed or stopped.

What I don't get is I read where BofA loaned a bankrupt, flailing, failing mess of a company Circuit City 1.1 billion dollars? What's with that? Did that really happen?

if all the illegal Mexicans withdraw their cash BofA may be in big trouble .

BASTARDS of AMERICA! need more be said, I thought not!

As I call it Bank of Mexico. When you call they are the only bank that asks if you are sending money to Mexico. Guess the only thing they know what to do is help make America a third world country.So if you love your country please only do business witha local bank or credit union.

Bank of America selling off assets?? Oh what a tangle web they wove! How the hell did they get to buy Merrill Lynch? Oh that's right, we OUR MONEY!!!!!
Bailout money was given to Bank of America and Merrill Lynch, so in retrospect, Bank of America got more money than they deserve.
When is this insanity going to stop!

Well Peter, did figure that the heading would draw some attention!

Are they in trouble - doubtful. Bank of Italy/Bank of America appears sound. They re for sure pulling their ears in, cutting back staff and curtailing loans - no different than all the rest. As to selling off what appears to be asset? Time will tell on this as market price at time of sale vs an assumed price at an earlier date. That's your 12%? Didn't you check on current events? Things have been dropping in value of late and, since they did make a profit, making a value call here might be a tad confusing.
Take a look at ebay. I predict either a BearSterns or real close. Give it a year. Anyone holding is a fool. You know, it really could have been worse as McCain had their CEO as a possible Paulson replacement and it that persons decisions that will doom this company. Just imagine if they were in charge of the Country.
While I did not support Obama, I do believe that he is on the right track. Now, all we need if for he and the rest of the G7 to get on the same railroad.

NO! This the worse bunch of crooks out of all the banks we have! They li cheat and still from hard working people. If I was in charge I would close this bank and through all there crooked asses in jail!!!!!
Also I think the Gov. should make them pay all the bail out money back ASAP. Crooks liers and awful bad people!

U MEAN THE BANK OF MEXICO THIS BANK NEEDS TO GO BROKE THEY ARE THE SCUM OF BANKS MAY THEY GO DOWN LIKE THE TITANIC

Bank of America should be renamed Bankruptcy of America. I had credit cards with MBNA which was bought by BoA. MBNA was bad enough. BoA is far worse than MBNA. True boneheads who I predict will go bankrupt. I even bought option puts on BoA stock I am so sure they will go bankrupt.

Bank of America was exceedingly well run, conservative with no exposure to subprime. Then they made a mistake and bought Countrywide for $2 billion. If they'd waited a few months the government would have paid them $5 billion to take Countrywide. Now they have Merrill also, they will benefit 5 years from now, but for the next two years they are screwed.