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Bank of America to eliminate 3,000 jobs
Associated Press ^ | 10-24-2007 | AP

Posted on 10/25/2007 1:42:01 AM PDT by Westlander

CHARLOTTE, N.C. (AP) - Already bleeding red, the nation's second-largest bank is now passing out pink slips.

Bank of America says it will eliminate 3,000 jobs, most of them from its investment banking unit.

(Excerpt) Read more at wxyz.com ...


TOPICS: Business/Economy; US: Michigan
KEYWORDS: aliens; bank; elimination; fired; immigration; jobs
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Bank of America bought LaSalle bank in September and promptly eliminated 1,500 jobs as well.
1 posted on 10/25/2007 1:42:03 AM PDT by Westlander
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To: Westlander

I feel bad for the people who are losing their jobs, but I am glad that the company is doing bad. They are an awful band IMHO.


2 posted on 10/25/2007 1:51:33 AM PDT by napscoordinator
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To: Westlander

Well, this certainly isn’t good news.


3 posted on 10/25/2007 2:21:49 AM PDT by durasell (!)
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To: Westlander

Bank of America - weren’t they the ones extending, among other services, credit cards to illegals?


4 posted on 10/25/2007 2:36:41 AM PDT by meyer (Illegal Immigration - The profits are privatized, the costs are socialized.)
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To: meyer

Yes they were, thats where they got the nickname “Bank Of Amigo”!.


5 posted on 10/25/2007 2:57:14 AM PDT by ZRicochet
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To: Westlander

They aren’t bleeding red. Overall they are still making a profit. And I was expecting the news to be mortgage related, not investment banking.


6 posted on 10/25/2007 3:18:57 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Moonman62
I think you are right. They are still coping with their Countrywide investment. It will be interesting to see if that gamble pays out.

Absent that their retail businessis huge and hugly profitable.

7 posted on 10/25/2007 3:47:52 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Westlander

B of A is a big time supportor of illegals...home loans/credit cards and so on.........I would never use this bank.


8 posted on 10/25/2007 3:50:34 AM PDT by rrrod
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To: Calpernia; cbkaty; Nervous Tick; ex-Texan; RockinRight; NVDave; Neidermeyer; Travis McGee; sbMKE; ..

Economy/Credit/Mortgage Issues Ping List

If ou want on or off this list let me know.


9 posted on 10/25/2007 3:52:54 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: Westlander

I would suggest eliminating loans and credit cards to illegal aliens.


10 posted on 10/25/2007 3:54:37 AM PDT by Brilliant
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To: Westlander

Maybe BoA needs to increase their loans and credit cards to illegals to improve their capital flow.

[/s]


11 posted on 10/25/2007 4:44:29 AM PDT by TomGuy
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To: rrrod

Which bank do you use? I will check out their policies via illegal immigrants. If it is a large bank, I think you will be surprised


12 posted on 10/25/2007 4:46:06 AM PDT by americanflyer1234
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To: Moonman62

“And I was expecting the news to be mortgage related, not investment banking.”

Our local news said it WAS mortgage related. I suspect they lost a lot of business over the illegals issue.


13 posted on 10/25/2007 4:57:14 AM PDT by wolfcreek (The Status Quo Sucks!)
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To: americanflyer1234

use a couple...bb&t is good


14 posted on 10/25/2007 5:26:08 AM PDT by rrrod
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To: meyer

Yeah. Whenever I go into the local B of As here in Durham, their signage and advertising are always half English and half Spanish—some of it Spanish-only, in fact. The only reason I don’t pull my business is the sheer pain-in-the-butt factor of moving my paycheck direct deposit and all my automatic bill payments to another bank account.

}:-)4


15 posted on 10/25/2007 5:41:39 AM PDT by Moose4 (Ron Paul is like a beautiful plate of food ruined by a cow patty.)
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To: napscoordinator

There was once a Bank of America company based in SFCA. It was our banking connection when we lived overseas.


16 posted on 10/25/2007 6:09:35 AM PDT by Eric in the Ozarks (Go Hawks !)
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To: Westlander
This just in... Kent Brockman reporting--

"Fire the nappy headed hos last!" said... NAACP spokesperson Don Imus.

Film... at 11!

17 posted on 10/25/2007 6:31:37 AM PDT by Bender2 ("I've got a twisted sense of humor, and everything amuses me." RAH Beyond this Horizon)
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To: Westlander

I have read that a lot of jobs in the financial and insurance industry will be eliminated through automation and many outsourced overseas.


18 posted on 10/25/2007 6:34:08 AM PDT by KeyLargo
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To: Westlander

Bank of America is doing very well. They just paid two billion for Countrywide.

Guess the way they plan to pay for it is these 3,000 have to go.

Bank of America is not a good company.I droped them during the illegal alien credit card fiasco. I wasn’t going to abet criminals.


19 posted on 10/25/2007 6:35:09 AM PDT by exit82 (I believe Juanita--Hillary enabled Juanita's rapist.)
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To: exit82

“NEWS OUT - BANK OF AMERICA CLOSING ALL WHOLESALE 12/31/07”

Rumors...CFC toast?


20 posted on 10/25/2007 12:19:53 PM PDT by dakine
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