When you refused to take a loss and instead had the taxpayers bail you out, you forfieted that right to have a profit. You are now under the socialist umbrella and you put yourself there.
And we have a right to take our business elsewhere.
However, BofA has NO RIGHT to our tax dollars ... something Obama appears to not comprehend.
And they are expected to make a profit for their shareholders. An inconvenient truth for the little teeny boppers on Wall Street.
Bank of America GO MAKE MONEY!
B of A can’t even keep their on line banking running any longer.
Someone tell this son of a bitch there are tens of millions Americans who are just struggling to keep a damn roof over their heads, millions of others losing everything.
Where are their bailouts Mr. Moynihan? Ya stinking little criminal...
Spit*
Dear Sir:
I am a customer of Bank of America. In a recent poll, 70% of the customers of BoA claimed they will leave the bank if the $5 per month fee were to be implemented. You encouraged me to leave BoA when you took the floor of the Senate in your recent errant statements. I am NOT one of those customers who will leave the bank. But I am looking to you to make this right.
Please note:
I will give you the benefit of the doubt. Maybe you were not aware of the unintended consequences of your amendment which led to these fees. If that is the case, you can reverse or correct this error by changing the law. Please do so expeditiously.
If you were aware of the impending fees, and you wanted BoA to lose customers or somehow punish this bank, that is shameful, and you owe BoA and its customers an apology.
So, which will it be? Will you correct your mistake, or will you stick to your opinion that your amendment was helpful? If you think the amendment was helpful, which will lead to BoA going out of business, it will also punish small businesses who may lay off employees while trying to calculate razor thin profit margins due to more bank fees.
Please keep in mind that Congress often does not think through the unintended consequences, and that the American people will always react to poor decisions by Congress.
Please make this right.
Sincerely,
....I know...I was too kind....
"Wall Street reforms" - nice subtle way use of the language to fit the agenda of making the banker out to be the evil capitalist stomping on the heads of the downtrodden.
He’s absolutely right but I suspect every PR professional in America did a double facepalm at hearing the statement.
This is all because Obama just changed the laws. The banks used to collect a merchant fee from the vendors where you used your debit card, just the way credit card companies do. It’s a processing fee, and somebody’s got to pay it.
Obama said that they cannot raise the fee to the merchant or collect enough to pay for the service anymore. So guess what? They’ve got to get paid for this service somewhere, and who else are they going to get it from?
You have that right until you take TAXPAYER funds. Then you become the property of the public. Ask Bell Canada how that is working out.
You got in Bed with the Fascist Rapist. don’t B***h about losing your virginity.
Sorry, y’all. BOA was FORCED to take the money, if you recall. And paid it back early and in full.
Its disingenuous to now fault them for taking it and especially to claim that since they took it they forfeited their right to run their business as they see fit in perpetuity, or whatever.
That said, BOA does have the right to make a profit and can charge whatever they think the market will bear. I do NOT, however have to see what they charge as fair and I do not have to pay it.
“But not now”
Fine. And we have the right to take our business elsewhere.
What an idiot. No business has a right to make a profit. They have the right to *try* to make a profit, and to shut down if they consistently fail.
How have so many nincompoops risen to such high positions in this country? It’s truly bizarre.
Not only do they have to right to a profit, BOA has an obligation to its investors to turn a profit. If a customer does not like how that profit is made, or the size of the profit, they have the right to do business elsewhere. Any statements to the contrary are the results of a retarded thought process from a conservative point of view.
And when a bank trying to make a profit fails, it has no right to expect a bailout.
All of this erroneous thinking by CEOs is what put the us in the swamp we now find ourselves. Too bad US education failed so miserably!
Do something useful. Go demonstrate at the Board of Education and get rid of unionized education instead of haunting Wall Street.