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If you shaking BOA then avoiding NT Bets is nothing
I’m team “you gotta catch me butt naked” … cause I ain’t paying
***Official Political Discussion Thread***
- Thread in 'General' Thread starter Started by rico x hood,
- Start date
I’m team “you gotta catch me butt naked” … cause I ain’t paying
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So "Ron Johnson" is how they say "bought and paid for" in WI.
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Back in the 1980’s, there was a rush to computerize the banks. Thats when one, and quickly all, of the third party MIS vendors added the ability to process the largest debit transaction first, maximizing the number of overdraft fees. This was coincident with the desperate search for non-interest revenue as banks were still suffering from holding 5 year CDs at early 80’s interest rates while all of their assets at similar rates were pre-paying. Before computerized check cashing, the practice would have been intractable. But most banks use a similar overdraft maximization policy.
It’s a shame about BoA. They started off as a fairly democratic lender - especially catering to Italians who at that point we’re widely discriminated against. I mean, obviously no love in the 1920’s for African or Mexican Americans, but as measured by their contemporaries they were fairly socially progressive.
Disclaimer: I suffer the embarrassingly low money market rates at BoA because they have a ton of ATMs in NYC and I’m too lazy to manage my cash properly
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jpzx
Supporter
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The biggest story of the day, Bank of America opening up fake accounts and ruining customer's credit reports since 2012, barely gets any run.
Meanwhile Biden meeting with leaders at the NATO Summit TOMORROW gets the lead in the news.
No, the biggest story right now is the second-largest bank not learning from Wells Fargo's mistakes when they've been doing it themselves since 2012.
Only saw
RustyShackleford
finessence
and a few others comment on it.
By the way, Bank of America's stock went UP today, if you want to really see some ****.
Meanwhile Biden meeting with leaders at the NATO Summit TOMORROW gets the lead in the news.
No, the biggest story right now is the second-largest bank not learning from Wells Fargo's mistakes when they've been doing it themselves since 2012.
Only saw
RustyShackleford
finessence
and a few others comment on it.By the way, Bank of America's stock went UP today, if you want to really see some ****.
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my wife absolutely despises how banks operate. she scolded me the other day for using the debit instead of the cc on an international purchase because of some fee. anything with an avoidable bank fee gets her riled up and she will 100% use the word “predatory” to describe all banking practices.
the kicker is that she works for a big bank
the kicker is that she works for a big bank
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The biggest story of the day, Bank of America opening up fake accounts and ruining customer's credit reports since 2012, barely gets any run.
Meanwhile Biden meeting with leaders at the NATO Summit TOMORROW gets the lead in the news.
No, the biggest story right now is the second-largest bank not learning from Wells Fargo's mistakes when they've been doing it themselves since 2012.
Only saw
By the way, Bank of America's stock went UP today, if you want to really see some ****.
EYE am not defending them but they are paying $100MM to the wronged customers and $150MM in fines. As the second-largest US bank they have trillions in assets and domestic deposits. They just paid a couple hundred million dollars in fines last year too and despite todays marginal gain they are down like 20% YTD. What should have happened or should people be saying?
It might be biased because of my interests but I also think people are talking about the NATO trip in part because of Biden’s decision to provide cluster munitions to Ukraine along with a pretty hefty security assistance package.
jpzx
Supporter
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The fine is an absolute drop in the bucket -- that is an issue -- doesn't matter what they are down YTD it's irrelevant, and obviously they should have to pay back what they owe to wronged customers.
The average American wants everything with Ukraine/Russia to subside and Ukraine have all the liberties they deserve, but rich news corporations are broadcasting to millions of Americans who have been wronged, and international news a day off from even happening should take a back seat if a story breaks that is prevailing, even just for the day.
I'm not even a member of that bank, never have been.
The average American wants everything with Ukraine/Russia to subside and Ukraine have all the liberties they deserve, but rich news corporations are broadcasting to millions of Americans who have been wronged, and international news a day off from even happening should take a back seat if a story breaks that is prevailing, even just for the day.
I'm not even a member of that bank, never have been.
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I opened a credit card with BOA because they kept spamming me and I figured **** it, I'll up my total available credit.
Those crooked ****s sent me a notice my account information was compromised before i got the ******* card in the mail
Those crooked ****s sent me a notice my account information was compromised before i got the ******* card in the mail
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Man I never had a problem with my BOA card and my mom has banked with them forever (was with fleet before they were taken over and whoever Fleet took over before them and they’ve been straight with her.
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I only mentioned their YTD position because you mentioned their ~1% gain today
Ultimately, I think the coverage is commensurate with the punishment (fine) - a drop in the bucket. And it only affected a few hundred thousand of their tens of millions individual and small business clients. Not saying those folks don’t matter and not justifying BOA’s actions actions or the media coverage (or lack thereof) but based on the scale of the incident, I can understand why major outlets aren’t focusing on it in the 2023 media landscape.
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Let me guess the republicans brought it down when they were in charge.
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jpzx
Supporter
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V different than what Wells did, but I get your pointThe biggest story of the day, Bank of America opening up fake accounts and ruining customer's credit reports since 2012, barely gets any run.
Meanwhile Biden meeting with leaders at the NATO Summit TOMORROW gets the lead in the news.
No, the biggest story right now is the second-largest bank not learning from Wells Fargo's mistakes when they've been doing it themselves since 2012.
Only saw
By the way, Bank of America's stock went UP today, if you want to really see some ****.
jpzx
Supporter
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Go on
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MyPillow is auctioning off equipment after losing retailers
CEO Mike Lindell says annual sales fell $100 million after several big-box retailers cut ties following his election claims.
startribune.com
mans hitched his wagon to the wrong horse
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Or you could just wait
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elpablo21
Supporter
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Just get it over with already and just wear the white hood
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Looking forward to news coming from Iowa about not being able to hire doctors and having to close hospitals.
These clowns don't learn.
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So absolutely disgusting!
You know there will be a max exodus of healthcare professionals in the coming months.And I've been told by many, that at 6 weeks, some women don't even know they are pregnant. Yet these legislators know more about all this than doctors. They're all smacked asses!
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