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The Top Five Reasons To Move Your Money From Bank Of America

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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-08-11 07:31 PM
Original message
The Top Five Reasons To Move Your Money From Bank Of America
http://thinkprogress.org/special/2011/10/08/339747/move-your-money-from-bank-of-america/

As hundreds of people remain encamped on Wall Street in New York City, and thousands of people across the country are taking part in a 99 Percent Movement aimed at battling economic inequality spurred on by enormous income gains by the richest one percent of Americans.

(snip)
While many Americans may feel powerless against this banking behemoth, the truth is that Americans have a simple way to protest its greed and corporate malfeasance: simply move your money out of the bank to one of its competitors, such as a local credit union. Sen. Dick Durbin (D-IL) recently encouraged Americans to do just that
http://money.cnn.com/2011/10/04/news/economy/durbin_bank_of_america/index.htm

ThinkProgress has assembled five reasons why American consumers could consider moving their money and striking a blow to this abusive banking giant:

1. Bank of America Just Unveiled A Shocking New Debit Card Fee:
2. Bank of America Has Spent Millions Lobbying To Gut Reforms With Your Tax Dollars:
3. Bank of America’s Practices Are At The Nexus Of The Foreclosure Crisis:
4. Bank of America Just Announced That It Was Laying Off 30,000 People:
5. Despite The Poor Economy, Bank Of America Continues To Reward Its Executives With Multi-Million Dollar Salaries:
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lordsummerisle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-08-11 07:38 PM
Response to Original message
1. k&r
This is so obvious, vote with your feet!
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Riley18 Donating Member (883 posts) Send PM | Profile | Ignore Sat Oct-08-11 07:39 PM
Response to Original message
2. I bank at a local union Saving &Loan now.
I am sorry I ever went near Bank of America. Back around 2002, the bank made a big deal out of wanting to give mortgages to teachers. Now 9 years later, after $80,000 down, they are foreclosing on our home. Today I got this big envelope from them with "advice" like where to take my pets (SPCA pound) once they kick us out. They can go to hell.
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classof56 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-08-11 07:46 PM
Response to Reply #2
3. Hard to express how sorry I am you're going through this.
BOA really is scum of the earth, and that's putting it nicely. Odd thing is, our local newspaper had an editorial the other day telling its readers that they could blame Dick Durbin for the $5 debit fee charge BOA has imposed on its customers. Go figure that one!

Best.
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GiveMeFreedom Donating Member (445 posts) Send PM | Profile | Ignore Sun Oct-09-11 04:33 PM
Response to Original message
4. 6. Bank of America
is a fucked up institution, who has criminals in charge, who rob you blind. So fuck them, and move to a Credit Union.
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beachbumbob Donating Member (4 posts) Send PM | Profile | Ignore Sun Oct-09-11 04:47 PM
Response to Original message
5. all monies should be redirected to local credit unions
screw the big banks. Americans should all immediately transfer all their accounts to their local credit unions. The will welcome it with open arms.
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Citizen Worker Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 05:39 PM
Response to Original message
6. I moved from Washington Mutual to a local credit union when WAMU went nation wide. Prior to that I
had been with a local bank that was taken over by B of A. Join your local credit union and to hell with the mega banks.
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