Business

Bank of America CEO Fires Back At Obama Administration: We Have a ‘Right to Make a Profit’

Bank of America has recently come under a lot of fire for introducing a $5 monthly debit fee.

Between President Obama claiming that banks don’t have an “inherent right” to a “certain amount of profit” and Sen. Dick Durbin’s call for BofA customers to switch banks, the criticism has been pretty thick.

And apparently, CEO Brian Moynihan decided he’s had enough.

During a recent interview, the Bank of America CEO said that customers and shareholders need to understand the bank has a “right to make a profit.”

“I have an inherent duty as a CEO of a publicly owned company to get a return for my shareholders,” Moynihan said to CNBC’s Larry Kudlow at the Washington Ideas Forum.

Moynihan said that the bank will talk to its customers and shareholders and “they‘ll understand what we’re doing — understand we have a right to make a profit.”

Moynihan went on to emphasize the fact that the bank has been absolutely clear and transparent in introducing the fee and noted the bank has given customers more than enough advance notice (the fee doesn’t begin until next year.)

He also claimed that the new charge was necessary because the “ability to be profitable” in retail banking has changed. He added that Wall Street reforms in the so-called Dodd-Frank Act will cost his bank “billions,” according to the CNN report.

Of course, sentiments such as the ones spoken by Moynihan usually don’t go over very well especially when not properly understood within the context that they were stated. Business Insider had the thankless task of measuring the common reaction to the CEO’s pro-expansion message:

Bank of America CEO Fires Back Obama Administration: We Have a Right to Make a Profit

Bank of America CEO Fires Back Obama Administration: We Have a Right to Make a Profit

Bank of America CEO Fires Back Obama Administration: We Have a Right to Make a Profit

Comments (131)

1 2 3 4
  • manster35
    Posted on October 7, 2011 at 10:28pm

    Bank of America President is right. They do have a right to make a profit. I will not do business there I love my credit union but Barry has no right getting into the banking business. Just like he had no right getting into the auto business or sleeping with the GE execs. But when we the people demand better and vote these idiots out of office then we will get better. Until then. We get what we get. Which is the worst president ever BHO.

    Report Post »  
    • Ookspay
      Posted on October 7, 2011 at 10:39pm

      Boo frickin’ hoo! You liberal wall street and banker types are the ones who elected this Joke! We tried to warn y’all, cause a dog eats a dog and he eats his master too. Remember when BO said “I am the one standing between you and the pitch forks”? LMFAO

      Report Post » Ookspay  
    • Darmok and Jalad at Tanagra
      Posted on October 7, 2011 at 11:04pm

      As a CEO running a company, the Govt comes up with a way to TAX my profits, that causes my net income go down, thus making my stock prices go down. To make up for the TAX implemented by the Govt., I like all other buisnesses, will pass that cost to the customer.
      The same Govt that passed the TAX on me now points the finger at my company and screams “FOUL”, you should have just taken it up the wazoo and let your stock prices tank.
      I as a CEO fight back and am attacked as a villian. Now, who is the villian, the company doing buisness or the Govt acting like a parasite?

      Report Post » Darmok and Jalad at Tanagra  
    • Taquoshi
      Posted on October 7, 2011 at 11:36pm

      Darmok, I’ve got no problem with your particular company, however, I do have a problem with Bank of America. I don’t object to those who run a business and make a profit. Quite frankly, they are reaping what they have sown. They have some fairly questionable business practices.

      I have at least four friends who had loans of one type or another through them and the BoA accounting was so bad that they often were told that the payment had not been made even after the checks had been presented to the payee’s bank.

      They rolled out these fabulous ATMs that count the money and print copies of the check. Well, now, it’s going to cost the customers $60.00 a year to use them. We moved our accounts to a credit union.

      Seems to me that BoA was also involved in the bundling of subprime mortgages and selling them to others as good debt.

      Didn’t they also float the idea of allowing illegal aliens to open accounts at their bank? I know they were serious about issuing the illegal aliens credit cards.

      Now if that doesn‘t tell you enough about BoA’s business practices, then look at their acquistion of Countywide Mortgage, one of the largest mortgage lenders involved in the subprime mess.

      I actually don’t want the bank to go down particularly as they are already laying off 30,000 employees. If BoA goes down, that will be more jobs lost and more people unemployed. However, I also think they need a major wake up call. Maybe this is it.

      Report Post » Taquoshi  
    • Cosmos102
      Posted on October 8, 2011 at 12:33am

      Boo freakin Hoo to all Corporate CEO’s who gave large donations to the Democrat party for years, and then Obama’s campaign. Why is it that we common middle class folks could see it coming and you could not? I cringed everytime I heard another Wall Street tycon had given thousands to Barry’s campaign. What in the hell did you think was going to happen? And the same goes for big oil, big coal and all of Wall Street. What in the hell did you think was going to happen? I guess you thought Barry would only punish us and not you. I gotta tell ya…that makes you my enemy too. You’ll get no sympathy here.

      Report Post » Cosmos102  
    • Rice Water
      Posted on October 9, 2011 at 10:13am

      Yes, businesses CAN pass taxes on to the consumer (in the form of BoA’s fees, for example), but capitalism has a wonderful thing called COMPETITION. I hope everyone who uses a BoA debit card closes their account and transfers their money to Wells Fargo. If it hits BoA hard enough, they will find a way to absorb the costs (without passing them on to the consumer) in order to remain competitive.

      Report Post » Rice Water  
    • Hiremeglenn
      Posted on October 9, 2011 at 9:46pm

      Average debit swipes in one month: 25. Reduction in fees from Dodd-Frank (the two responsible for the 2008 real estate crash), $.20. 25 X $.25 = $5.00. I hate the thought of the $5 fee but understand why banks want to charge it. Legislation also limited credit card fees
      – the result is substantially higher interest rates than before. Legislation to limit income originating mortgage loans – result: less competition, higher fees and higher rates (banks will make up the difference). When will they learn to let the market determine what works?

      Report Post »  
  • Sirfoldallot
    Posted on October 7, 2011 at 10:25pm

    If I understand this right. The banks payed back the TARP money , & payed the intrest on top of what the goverment gave. Now they are trying to operate at a profit , whats the problem socialist ?

    Sirfoldallot  
    • progressiveslayer
      Posted on October 7, 2011 at 10:37pm

      The problem is the Marxist in chief along with the progressive idiots in congress haven’t ginned up the populace enough to allow the Marxist in chief to nationalize the banks,although with this idiot in the white house I‘m surprised he didn’t just sign an executive order by now and just take the banks over.

      We won’t get back on track until this fool is voted out in 12.

      Report Post » progressiveslayer  
    • king jack rabbit
      Posted on October 9, 2011 at 7:16am

      right on okie dokee

      Report Post »  
  • SFALLC
    Posted on October 7, 2011 at 10:25pm

    Funny, we get fees on top of fees on top of fees. They are the keeper of many peoples money, they make money from the money they hold, they had there but bailed out, and now they want more fees and higher profits.

    He said it “I have an inherent duty as a CEO of a publicly owned company to get a return for my shareholders,”. Who cares about the customer, the people who’s home you foreclosed on, or the single parent who is barely making it and the fees will mean the difference between food or heat.
    Heck we are fee’d to death.

    Time to take our money out of the banks and live a cash life. Send the banks into cashless hell.

    I am on of 53%

    http://flagrantquoque.tumblr.com/

    Report Post »  
    • SWFLA
      Posted on October 7, 2011 at 11:01pm

      SFALLC, go ahead and take your money out of BofA. It is your right and the right of everyone else to bank where they want to bank. In this country we call that Free Enterprise. I am no fan of BofA but I do agree with Mr. Moynihan that they have a right to make a profit and we as consumers have the right to bank with them or not to bank with them. People bank where it is convenient and where they are treated fairly. If your bank is not convenient or you are not treated fairly, go to another bank (or credit union) and give them your business.

      Report Post »  
    • cessna152
      Posted on October 8, 2011 at 7:06am

      People, the corruption all starts with government and corrupt GRP’s. Government puts irrational regulations, banks pass on to us. Government charges and the cost goes to us. Government forces banks to be corrupt and is passed onto us. If government was in check, these problems would be minor…but government is not in check.

      Report Post » cessna152  
    • Cat
      Posted on October 8, 2011 at 9:43am

      Within President Eisenhower’s farewell address;

      “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.”

      He expressed much wisdom in his speech, but what he could have warned against was the influence any industry, or ideology, can have over our constitutional republic.

      Bank of America as well as other industries and ideologies needs to stay the hell away from our government.
      We can be careful when we vote to assure against adversary ideologies attempting to interfere, but we all don’t vote the same way.

      The only way we can control more of what happens on Capitol Hill is when the taxation method is altered from an income tax to a consumption tax with the states being the collection agencies.
      DC lobbyists will scramble like rats when that happens.

      Good luck

      Report Post » Cat  
    • JazzGuy
      Posted on October 8, 2011 at 8:16pm

      BEAUTIFULLY said, SFALLC! Add me to the 53% too. If the bank down the street can stay solvent without charging me an uncalled-for fee (although they ALSO dont have a multi-jillion-dollar CEO either) then seems to me the Bank NOT of America should be able to, too.

      Report Post » JazzGuy  
  • Jenny Lind
    Posted on October 7, 2011 at 10:22pm

    $5.00 a month to use a debit card. Hmmmm,I have free checking because I direct deposit and free checks, plus I use my debit card for darn near anything. I have free bill pay too. If my card is lost the bank eats it and sends me a new one. Seems like a bargain to me when I used to have to pay for a checking account and checks. I have heard both sides, and frankly this is one of the unintended consequences of the government interfering by caving to Wal-Mart. We won’t even get into the double edged sword that company is. We need the savings, they sell us a lot of cheap imports. BofA has a right to make money, that their top people make obscene money is the choice of the company. There will never be a perfect world until it‘s ruled by it’s real creator. The inequties will dealt with by the highest judge, and those who have hurt people will pay a whole lot more than $5.00. Point I’m making, don’t sweat the small stuff-big, big stuff is coming.

    Report Post »  
    • mrbuff1959
      Posted on October 8, 2011 at 12:48am

      Well said..

      Report Post » mrbuff1959  
    • Gary747
      Posted on October 8, 2011 at 9:59am

      You’re right J. I use Bank of America, and I have free checking with direct deposit, free bill pay with their free online banking (which is great, by the way) and free savings, into which BofA pays to me a small interest amount. I honestly can’t figure out why they have me as a customer. I take their free services and pay them NOTHING! Even with the $5 fee proposal for debit cards use in stores, that won‘t cost me anything because I only use that card to access ATM’s, which will still be free. I use an NRA VISA rewards card for all purchases, to also earn reward points which I have exchanged for cash to help pay the credit card bill. The NRA earns a bit everytime I use that credit card. I pay the credit card off every month, so even that service is free while it pays me points. LIFE IS GOOD!

      Report Post » Gary747  
  • progressiveslayer
    Posted on October 7, 2011 at 10:22pm

    The five dollar fee brought to you by Dickface Durbin,keep re-electing him fools and he’ll regulate and micromanage banks out of business.No business should be bailed out by taxpayers for any reason,that’s what bankruptcy courts are for.

    Report Post » progressiveslayer  
  • kcinco
    Posted on October 7, 2011 at 10:19pm

    Finally, someone has a spine!!

    Report Post » kcinco  
  • Rajabear1
    Posted on October 7, 2011 at 10:19pm

    I don’t know about you all, but i find it profound that a twitter respondent was notifying the world of being raped, plundered and starved (poor thing!) yet still had an electrical device to cry out her/his complaints. I‘m thinkin someone needs to learn the word ’priority’…just sayin….

    Report Post »  
    • commonsenseguy
      Posted on October 7, 2011 at 11:02pm

      and that is the truth, so many of these so call protesters have it way better than a lot of people in this country, the bitch,whine,piss and moan when they can get their latte just right or have their credit card paid off by their parents so they can go out and party, these low life’s would not know what hardships are all about ,hardship to them is being late to the bar, not making a good grade on a exam,or they can go out and party because their parents have not sent them any money this month, if they knew what it was like to go with out so your kids could have enough to eat, lights and water and a roof over their head, stretching your paycheck week to week barely making it to work because you did not have enough money for gas or had car problems you could not fix, if they really knew how it felt to see your kids not be able to go to school trips or could not have a new pair of shoes for the new year,or see them eat just toast because you did not have enough money to buy anything else, then just maybe they would shut and be happy with what they have, but no,every one is suppose to give it to them,and when they don’t what they want they throw a fit like a bunch of two years old..

      Report Post »  
  • qzak491
    Posted on October 7, 2011 at 10:12pm

    They don’t deserve a profit till they payback the taxpayers all the money they took from us. There talking profits when we should be talking jail time.

    Report Post »  
    • marde716
      Posted on October 7, 2011 at 11:42pm

      Fact check- The were coerced to take the bail-out money, then they PAID BACK (WITH INTEREST) all the money- (unlike GM and Solyndra…) spouting off with talking points from the left-wing media just makes you look stupid. Services cost money, banks provide a service, and pay a lot of money to comply with layers of bureaucratic Government rules. When their operating costs go up- they can cut losses by cutting employees, cutting services, or pass the costs to the customers. I agree that some big business CEO’s make way too much- but why punish the employees? and the millions of 401k investors? Won’t hurt the overpaid CEO- just we the people- and that’s the point, isn’t it?

      Report Post »  
    • Alaska K8
      Posted on October 8, 2011 at 1:20am

      They DID pay back the taxpayer’s money…. WITH INTEREST over a YEAR ago !!
      Keep up, wll ya?

      Report Post »  
    • As I See It
      Posted on October 9, 2011 at 10:14am

      Exactly right Marde! We, yes I’m an employee of BofA, were forced to take the bailout money along with other banks at the direction of the government so that the public wouldn’t be aware of which banks were truly in trouble. And then we paid it all back with interest ahead of time, because that was the honorable and responsible thing to do. We are now being villified by our government, and the uneducated public, for charging a fee to help recoup some of the massive loss of revenue required to implement the Dodd-Frank bill in which Dick Durbin (D-IL) tacked on an amendment -

      “During the debate over the Dodd-Frank financial reform bill, when Democrats controlled Congress, Durbin insisted on including an amendment that had nothing to do with Dodd-Frank’s stated aims of stable banks and consumer protections. The Durbin Amendment granted regulators the authority to establish price controls on what banks could charge merchants that accepted their customers’ debit cards as payment. The resulting regulations, which took effect Saturday, limit what banks can charge merchants to no more than 24 cents per debit card transaction.”

      “Critics pointed out that banks, facing $6 billion annual losses from this change, would shift the costs of debit cards from merchants to bank customers. Sure enough, Bank of America and several of its largest competitors — including Wells Fargo, PNC, HSBC, SunTrust, TDBank and Chase — will be imposing various new fees on their customers

      Report Post » As I See It  
  • Snowleopard {gallery of cat folks}
    Posted on October 7, 2011 at 10:11pm

    The banks, even Bank of America, have a RIGHT to PURSUE PROFIT via BUSINESS. And if their customers are unhappy with the services or fees provided or charged then they can leave for a better bank. Many local banks and credit unions will be more than happy to have new business and new customers added to their membership.

    Business economics at their basic — the bank makes changes, the customers will react for the better or worse, and so the bank must adjust and adapt or go into the night.

    Report Post » Snowleopard {gallery of cat folks}  
  • capitalismrocks
    Posted on October 7, 2011 at 10:08pm

    Poor Obama — don‘t think he’s gonna make his $1billion re-election now that he‘s pissed off all of Corporate America and put all the CEO’s under the bus…

    Hope that Obama doesn’t think all of the broke, smelly hippies are going to fund his re-election.

    Report Post » capitalismrocks  
    • Alaska K8
      Posted on October 8, 2011 at 1:34am

      Oh – He’s still GOT that.
      You think he’s paid for ANYTHING with that money yet ?!?! Absolutely NOT.
      He’s holding that money so he can BOMBARD the public with his “I’m so awesome” ads once the elections cycle starts. Be careful people, they’ll be FILLED with lies and half-truths too.

      That’s just how BO rolls.

      He’s still got 1/3 of the “Stimulus Money” that he hasn’t spent yet. How do you think he can afford to go to “Maaatha’s” every 3 mos. or play golf on PGA Courses? Or send Michelle and the girls on all their trips w/ their “entourage”?
      Hell – It’s cost nearly 1M in taxpayer money just for HER trips ALONE !!

      Has anyone even SEEN an accounting where all THAT “Stimulous” money went? Where it is? How it was spent? or Who got any of it? I mean SERIOUSLY !! Anybody? Anybody at all?

      And NO, he hasn’t touched ANY of the Campaign money yet.

      Report Post »  
  • Zoe
    Posted on October 7, 2011 at 10:07pm

    BOA —you are not an honorable organization…..

    You have broken promises to those who are not the problem, but have kept up their end of the deal…..

    BOA IS part of the problem…………….

    See now, doesn’t that feel better…………………

    Report Post » Zoe  
  • Egad
    Posted on October 7, 2011 at 10:05pm

    Is this for real or are they just pretending to be enemies?

    Report Post »  
  • firemanfrank
    Posted on October 7, 2011 at 10:01pm

    Nice to see a US senator try to persaude the public to use a different bank is that even allowed.

    Report Post »  
  • Depressed_American
    Posted on October 7, 2011 at 9:55pm

    Mr. CEO,
    Your right to make a profit does not mean you do it on the backs of your CUSTOMERS. Bank of America is a Bank, who has customers, however I am no longer one of your customers because I am closing my account with you. REMEMBER CUSTOMER SERVICE!!! Most of the major banks have forgotten that basic rule of business!!! So you keep making your obscene profits until Bank of America goes the same way Lehman Brothers!!!

    Report Post » Depressed_American  
    • SWFLA
      Posted on October 7, 2011 at 11:05pm

      Depresssed: Thank you for showing the rest of America an example of the Free Enterprise system. You aren’t happy with your bank – you find another one. GOD BLESS AMERICA.

      Report Post »  
    • elle1940
      Posted on October 8, 2011 at 12:10am

      imagine a business providing a service having the nerve to make money off their customers
      who does that? I just realized that I pay absolutely nothing for the services my credit union provides if they were to charge a $5 a month fee that wouldn’t be unreasonable to me

      Report Post »  
  • HorseCrazy
    Posted on October 7, 2011 at 9:48pm

    i have zero money invested in BofA I had the good fortune to lose all mine in the now defunct wa mu. that being said, if I was a shareholder I would be screaming mad at the nut job elected officials that forced them to raise fees by once again meddling with capitalism. BofA has a duty to its shareholders. DUH

    Report Post »  
    • broker0101
      Posted on October 7, 2011 at 9:55pm

      Yet another broke-ass Blazer loser. Shocker.

      broker0101  
    • TomFerrari
      Posted on October 8, 2011 at 5:55pm

      broker101= troll
      report his posts as “BAITING”

      Report Post » TomFerrari  
  • teapartyconservatism
    Posted on October 7, 2011 at 9:48pm

    so·cial·ism
    [soh-shuh-liz-uhm]
    noun

    1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

    2. procedure or practice in accordance with this theory.

    3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

    Compare utopian socialism.

    —————

    utopian socialism
    noun

    (sometimes initial capital letter) an economic system based on the premise that if capital voluntarily surrendered its ownership of the means of production to the state or the workers, unemployment and poverty would be abolished.

    —————

    com·mu·nism
    [kom-yuh-niz-uhm]
    noun
    1. a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.

    2. (often initial capital letter) a system of social organization in which all economic and social activity is controlled by a totalitarian state dominated by a single and self-perpetuating political party.

    “Obama is Not an Eligible Natural Born Citizen”
    http://teapartyconservatism.blogspot.com/

    Report Post » teapartyconservatism  
    • teapartyconservatism
      Posted on October 7, 2011 at 10:34pm

      Communism, via progressive socialism, via “social justice” i.e., “From each according to his ability, to each according to his need.” Carl Marx.

      This seems harmless enough to those facing sufficient hardship to overcome the haunting awareness that it involves other people’s money. To the opportunist, it’s both appealing and fair. Just vote for progressive socialist democrats and we help ourselves while also helping everyone else all around the world, right?

      So what if everyone becomes dependent on socialized government handouts? So what if communism robs the individual of the hard earned benefits for having excelled at an endeavor? So what if communism extinguishes innate human initiative and drive for personal achievement? So what if America is no longer the land of the free and the home of the brave or still offers the greatest opportunity for success in all of human history?

      “We will bury you without firing a shot” and “We cannot expect Americans to jump from capitalism to Communism, but we can assist their elected leaders in giving Americans doses of socialism until they suddenly awake to find out they have Communism.” Nikita Khrushchev.

      Communism is antithetical to human nature in general and the common desire to live free. It recognizes no God given unalienable rights to life, liberty and the pursuit of happiness. Instead it oppresses, terrorizes and to date, is responsible for nearly 100 million deaths!

      Report Post » teapartyconservatism  
  • TERIPA
    Posted on October 7, 2011 at 9:45pm

    YES, YES, YES
    to FREE ENTERPRISE.. BUSINESSES & BANKS MAKING A PROFIT.

    GHEE WHIZZZZZ. Imagine that???!!!
    ONLY IN AMERICA.
    LAND OF the free having individual effort choices, AND self reliance,
    AND DIGNITY OF WHICH GOD, HIMSELF WANTED FOR US.

    Good stuff.

    But, banks, WE’RE WATCHING YOU, AND YOU, AND YOU, AND YOU.

    AND ALL politicians.

    VOTE ALL EVIL O U T !!!! It’s our responsibility to do so.

    Report Post » TERIPA  
  • RightPolitically
    Posted on October 7, 2011 at 9:44pm

    Bank presidents are capitalists and in Obama’s eyes, capitalists are ENEMIES OF THE STATE. How the hell did America EVER REACH SUCH A SORRY STATE OF AFFAIRS?

    Report Post » RightPolitically  
    • antrancher
      Posted on October 7, 2011 at 10:04pm

      They had an “historical” vote!!! The ignorance in America is appaulling. Our country is intellectually diluted with illegals and dumbasses.

      Report Post »  
    • teapartyconservatism
      Posted on October 7, 2011 at 10:07pm

      How, you ask? The heinous 17th Amendment is how.

      The 17th Amendment to the Constitution instituted the general election of Senators, formerly so incorruptible as to be entrusted to serve six years, by popular vote just like House members serving only two years and the President serving but four. This ended the ingenious design of the Founding Fathers wherein Senators were selected by trusted community leaders, familiar to and elected by informed citizens to their respective State Assembly.

      These highly regarded State Assembly members would then choose two trustworthy persons to faithfully represent their State as Senators in Congress.

      The Founding Fathers wisely precluded Senators from campaigning, knowing that if one could not buy Senate influence, it’s useless to bribe House members or a President. This proved to be such a successful impediment to those with ulterior motives sufficient to betray the Constitution, that they had no other choice but to change it. Exposing the entire law making process to equal financial pressure invited wholesale corruption.

      Let’s elect true Tea Party conservatives to serve as the majority in both state and federal government. Restore the Founder’s Constitutional design to prevent political influence peddling. End the corruption by repealing the 17th amendment!

      The states can do this independent of congress :-)

      Obama is Not an Eligible Natural Born Citizen”
      http://teapartyconservatism.blogspot.com

      Report Post » teapartyconservatism  
  • Angelteam02
    Posted on October 7, 2011 at 9:43pm

    I understand a company is in business to make money but why do you “CEO” think you are entitled to make $5-Million+ a year…plus your Bullshix bonus which is about another $2-million…I’ll take the over on the numbers in this statement….you guy suck….if you have a problem with this statement email me @ eligenza@yahoo.com…

    Report Post »  
    • RightPolitically
      Posted on October 7, 2011 at 9:48pm

      The stockholders of the bank, through its Board of Directors, decide on what to pay the officers, not the CEO himself. Thought you might want to know how that works. If the company fails under the weight of such largess, then so be it. That’s why government should never have bailed them out.

      Report Post » RightPolitically  
    • Exrepublisheep
      Posted on October 7, 2011 at 10:02pm

      It’s a racket perpetuated by other racketeers. “Vinnie” on the corner can’t charge what these crooks can.

      Report Post » Exrepublisheep  
  • I SPY
    Posted on October 7, 2011 at 9:41pm

    Bank Of America is a criminal racket. There’s no doubt about that, I stopped banking there years ago and why anyone still would is beyond me. But I’m not backing the other fake; Nobama. He’s just jumping onto an already on fire band wagon attempting to gain support from morons who are just now figuring out that BOA is a joke. Not gonna work.

    Report Post » I SPY  
    • vennoye
      Posted on October 8, 2011 at 12:12am

      You are so right! We left BoA 10 years ago, because at that time, they wanted to charge you $5.00 if you came into the bank and conducted business through their tellers rather than direct deposit, checks, etc. BUT, the point is that the market put enough pressure on them that they did away with that fee….NOT THE GOVERNMENT demonizing them!!
      Few days ago Obama was quoted as saying “I’m not god, consider me an alternative”…….sure acts like he thinks he is moving up!!!
      But as OOKSPAY said, the banks were a big part of putting him in office!!!!! Bad Decision!!

      Report Post » vennoye  
  • dsind
    Posted on October 7, 2011 at 9:39pm

    All of these entities that drank from obamas
    evil cup are rethinking that moment!

    Report Post »  
  • angry nerd
    Posted on October 7, 2011 at 9:39pm

    Everyone has a right to make a profit.
    Unfortunately now that bank has just bought a ticket to
    occupy hell.
    Good for the bank, stand up!

    Report Post » angry nerd  
  • Eliasim
    Posted on October 7, 2011 at 9:39pm

    Now make notes of all the stupid mistakes you’ve made. All the ridiculous handouts for decades, and legislation for security, and all the stealing from those who acquired God’s fruit on their own. Ulitimately you have fed the bears in the park, and they want more. So either you are going to be their slave or you are going to quit trying.

    Report Post »  
    • Eliasim
      Posted on October 7, 2011 at 9:40pm

      Because surely if you have all the wealth to dispense to people that you have already dispensed, surely there must be a whole boat-load more that you are capable of, but you must be holding back? That’s how they think.

      Report Post »  
  • dsind
    Posted on October 7, 2011 at 9:37pm

    all these entities that drank from obama’s evil cup…..
    i bet most are rethinking!
    ROTFLMAO!

    Report Post »  
  • chazman
    Posted on October 7, 2011 at 9:36pm

    … there ya go, B of A! Stand up! Be AMERICAN!! A okie dokee …

    Report Post »  
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