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If you have money in BofA, look out!
1 posted on 10/21/2011 10:00:40 PM PDT by oneolcop
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To: oneolcop

2 posted on 10/21/2011 10:03:53 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: oneolcop
Everybody does, throught the FDIC. That's why they moved these assets. Bank of America will probably blow up when Greece defaults, either through direct derivative connections, or indirct connections.

This is something that should concern the OWS crowd, but we also need grown ups like the Tea Party to make a blunt statement that BoA should not be bailed out.

3 posted on 10/21/2011 10:06:06 PM PDT by Vince Ferrer
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To: oneolcop
If you have shares of BAC look out.
4 posted on 10/21/2011 10:07:14 PM PDT by hinckley buzzard
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To: oneolcop
Said Senator Durbin recently..."Bank of America customers, vote with your feet. Get the heck out of that bank...Find yourself a bank or credit union that won't gouge you for $5 a month and still will give you a debit card that you can use every single day."

Words mean things, and vicious and vituperative instructions to obedient people have consequences.

I suspect (but do not know for sure) that B of A was having "issues" anyway; and that the Durbin venom may have poisoned a flicker of a recovery.

Speaking of recovery, if B of A swan dives, it would be yet another anchor on our foundering economy.

.

7 posted on 10/21/2011 10:13:56 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: oneolcop

Having been with B of A for decades, I am in the process of closing my account and switching to Charles Schwab Bank, a great online bank. BofA should prepare for a bank run.


11 posted on 10/21/2011 10:39:41 PM PDT by bkopto (Obama is merely a symptom of a more profound, systemic disease in American body politic.)
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To: oneolcop

I just got a letter from them yesterday telling me one of my mortgages (on an investment property) had been transfered (to a company in IL). I called the new company to get my new acct# so I could schedule my November payment. I asked about another BofA mortgage I have on another property and was told perhaps in another batch of 100K mortgages they’re transferring over in December. She also said they’re all “primary lien” mortgages (whatever that means).


13 posted on 10/21/2011 10:42:06 PM PDT by Cementjungle
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To: oneolcop

I guess $5 a month wasn’t enough.


15 posted on 10/21/2011 10:47:15 PM PDT by Mike Darancette (999er for Cain.)
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To: oneolcop
Did Obama see the latest KaDaffy vids?

Very educational...

20 posted on 10/21/2011 10:54:18 PM PDT by Rudder (The Main Stream Media is Our Enemy---get used to it.)
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To: oneolcop

If they go under, do I still have to pay my car loan to them?


24 posted on 10/21/2011 11:41:52 PM PDT by Greystoke
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To: oneolcop

ping


25 posted on 10/22/2011 12:01:27 AM PDT by Java4Jay
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To: oneolcop; All

Very interesting. Thanks for posting. FYI...about 81 comments at zerohedge...

http://www.zerohedge.com/news/bank-america-restructuring-its-retail-bank-division-full-memo#comments


34 posted on 10/22/2011 6:14:41 AM PDT by PGalt
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To: oneolcop
We should be clear: If you have money in BoA checking or savings, you're fine, it's insured. If you have money in BoA stocks, you should be worried.
41 posted on 10/22/2011 1:45:43 PM PDT by Cyber Liberty (Cain = National Sales Tax; Perry = Amnesty for Illegals; Romney = Obamacare forever. Who's left?)
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To: Stillwaters

I’m thinking local credit unions are the place to put cash savings.


44 posted on 10/22/2011 2:07:55 PM PDT by lonevoice (The Fresh Prince of Bill Ayers, impeach we much. We will much about that be committed.)
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