chetwest

Bank of America

Bank Of America Racks Up $2.24 Billion Loss

And that is without the 11.7 billion they set aside for anticipated losses too. See the MarketWatch.com story.  (Oct 16, 2009 | post #1)

Bank of America

New Forum Helps Consumers Fight Back Againts Bank of America

This is just a hunch...and I'm not trying to say the conspiracy theories of BofA practices are incorrect. But consider this. BofA is a company made up of many large banks over time (BofA, Nations, Fleet, NCNB, etc.) And it is one of the larger technology centers in the world due to all of the computer systems it has inherited and built over time. So, could it be that some of the "flexibility " they impose on processing order has to do with what it takes to get all of those transactions synched up within a single day? ...I'm just saying.  (Sep 17, 2009 | post #59)

Bank of America

New Forum Helps Consumers Fight Back Againts Bank of America

I think BOA has heard you all. Check this out: http://charlotte.b izjournals.com/cha rlotte/blog/bank_n otes/2009/09/bank_ of_america_credit_ cards_back_to_basi cs.html  (Sep 17, 2009 | post #58)

Bank of America

BofA credit cards return to basics

Got this from BofA: Key features of the BankAmericard Basic Visa card include: The interest rate is the same for all transactions, including purchases and cash advances, making it easy for customers to keep track of their interest rate at any given time. For the life of the account, the interest rate — U.S. Prime plus a margin of 14 percent — only changes if the Prime Rate changes. There is no over-the-limit fee. Instead, over-the-limit transactions will be declined. An easy- to-understand, single-page disclosure explains terms and conditions. One flat fee of $39 is charged for late payments.  (Sep 17, 2009 | post #1)

Bank of America

Bank of America Sucks

Good point "Customer service rep". And the few of us that do pay our bills and try our best to live within our means end up paying for everyone else. I grabbed this from a Bloomberg article: "Bank of America said it can’t collect payments on 11.73 percent of its $170 billion credit-card portfolio as of June 30, up from 8.62 percent on March 31." http://www.bloombe rg.com/apps/news?p id=20601087&si d=avCMWypEbXUM That is almost $2 billion people are not paying back in just credit cards at BOA!!!! So, for those of you that aren't paying your bills and complaining about not getting a bail-out. I say, the bail-out was for you after all. The banks made a mistake in thinking you would pay it back. Their mistake was trying to get too creative in loans just to give you a chance you thought you deserved.  (Jul 17, 2009 | post #23)

Bank of America

Credit Card Bill Not All Good For Consumers

I completely agree! And as always, its the responsible people who keep the irresponsible afloat until their lottery ticket hits or grandma dies and leaves them a fortune to blow.  (May 29, 2009 | post #5)

Bank of America

Cardholders stunned by huge rate hikes, slashed credit limits

I think we are in agreement on this! ANd I would add that rather than raising fees on people who are late or just do not pay. How about stop giving them more credit. One problem is that so many people will get behind but continue to charge more. How silly that the banks actually allow this.  (May 29, 2009 | post #117)

Bank of America

Credit Card Bill Not All Good For Consumers

Not completely accurate. Banks make many millions off of the transaction fees typically paid by the vendors. However, you are accurate in that those of us that pay off our credit cards each month are closer to a cost than an income. I suspect the industry has needed such changes for a few years now that Debit and Credit cards have essentially replaced cash and checks. And as they change, the consumers will change again. For instance, the consultant that travels and expenses back his travel cost will eventually include the additional fees in their expenses or their rate.  (May 26, 2009 | post #3)

Bank of America

Cardholders stunned by huge rate hikes, slashed credit limits

Interesting... Is it really ok for the cardholder to be late on or even miss a payment, but it is not ok for the bank to have an investment go bad? And in today's economy, is the first not the cause to the second? Maybe it was a Vegas style crap shoot, as you put it. But the core to many of the problems is the fact that so many people want what they want, right now. And if they cannot pay it back they just want out and let the banks pay for it. The sad thing is that our government thinks (and most Americans) that the way to fix a problem caused by too much credit is with more credit. A real stimulus would require us to create more jobs that create and build things that people need and want. And the ability for our US companies to compete with the world on pay. And yes, that may actually require a pay cut for us all.  (May 14, 2009 | post #114)

Bank of America

Bank shares take beating on nationalization fears

Maybe, maybe not. But surely you are not implying that the gevernment has fewer crooks?  (Apr 1, 2009 | post #2)

Bank of America

Citigroup (C) and BofA (BAC) Lower on Nationalization Fears

Nationalization is not needed. Bank of America is making money. Its all the political speculators trying to gain spotlight and hysteria news that is making things look bad here. http://www.topix.n et/com/bac/2009/02 /bofa-citigroup-sa y-nationalization- not-needed  (Feb 20, 2009 | post #8)

Bank of America

Cuomo blasts Merrill executives on bonus plan

No bailout? Maybe something different should have been done. But I think its silly to say do nothing and let them all fail. And it would have been ALL of them had the big ones failed. I don't think anyone is ready for what could have happened.  (Feb 11, 2009 | post #7)

Cherryville, NC

Teacher absences costing you money?

Here is an article for you from Gaston County, NC. http://www.gastong azette.com/news/ga ston_30229___artic le.html/teachers_c ounty.html Do you think teacher abences are a big deal? Some say teachers only work 10 months and get all the holidays off and thus, have no excuse. Don't they also only get paid for 10 months? I personally think this article is barking up the wrong tree. What are your thoughts?  (Feb 9, 2009 | post #1)