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(The Street)   BOA: Don't mind us, we're just putting $2.4 billion into our legal reserve   (thestreet.com) divider line 18
    More: Interesting, Bank of America, Financial Guaranty Insurance Co., bond insurer, CLSA, Federal Housing Finance Agency  
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2230 clicks; posted to Business » on 16 Apr 2014 at 2:22 PM (49 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-04-16 02:03:34 PM  
A shame you seemed an honest man.
 
2014-04-16 02:25:48 PM  

Ghastly: A shame you seemed an honest man.


Says a funny man :)
 
2014-04-16 02:33:11 PM  
fark BOA. Can I say that here? Do we have a tape delay?
 
2014-04-16 02:42:45 PM  

Ghastly: A shame you seemed an honest man


I wouldn't mind if BoA had to say "I have lost it all."

/preferably to a 90s era acoustic melody...
 
2014-04-16 02:45:17 PM  
They all crooks.
 
vpb [TotalFark]
2014-04-16 03:17:02 PM  
I'm sure they have a very good reason.
 
2014-04-16 03:38:48 PM  
I think you mean they're putting 2.4 Billion Speech units into their Justice reserve
 
2014-04-16 03:44:55 PM  
"Heartbleed defense fund"

// Enough with the lain puns already.
 
2014-04-16 03:56:23 PM  
Pay no attention to the legal fund behind the curtain!
 
ZAZ [TotalFark]
2014-04-16 04:07:07 PM  
If I ran a major corporation I would shuffle money between various cotingency funds all the time. "The CEO of MegaBigCo did not explain the allocation of $1 billion to the company's health catastrophe fund, or why a similar amount was no longer set aside in case of secession by Texas." Keep them guessing.

Being the beneficiary of D&O insurance means never having to say you're sorry.
 
2014-04-16 04:13:03 PM  

ZAZ: Being the beneficiary of D&O insurance means never having to say you're sorry.


I read that as D & D insurance, and now want to buy a protection from Beholders and Ilithids policy.
 
2014-04-16 04:50:20 PM  
Good thing Dodd Frank hasn't made the too big to fail banks even bigger.
 
2014-04-16 05:07:06 PM  

MyRandomName: Good thing Dodd Frank hasn't made the too big to fail banks even bigger.


Dodd Frank didn't do that, the financial crisis and the TARP package did.  When investment houses and overexposed banks (like Wachovia) started to fail, the only entities which could absorb them and guarantee their liabilities were other banks (with government backing).
 
2014-04-16 07:41:17 PM  

BalugaJoe: They all crooks.


This this this.
 
2014-04-16 08:24:47 PM  
$2.4B in the "when regulators notice where we really make our money" fund. Nice. I make it a point to hedge my frauds as well. Oh wait, I don't have to hedge for something I don't do.
 
2014-04-17 01:15:13 AM  

LucklessWonder: ZAZ: Being the beneficiary of D&O insurance means never having to say you're sorry.

I read that as D & D insurance, and now want to buy a protection from Beholders and Ilithids policy.


it's a roll of the dice any way you look at it
 
2014-04-17 04:33:59 AM  
Who is still banking with these criminals? How are they still getting anyone's dollars? What Americans think that these big banks like Citi, JP Morgan, and Bank of America can be trusted at all with anything? Why would people PAY for the absolutely deplorable customer "service" from these cartels?
Part of me thinks they deserve what they get. Part of me despairs for America. When given the choice between banking with a fee-gouging greed factory, and a credit union, many bend over and say "At least when I get screwed hard by BoA, its close and convenient and the no-lube fee is only $25!"

/Just stop giving the big banks your money. Stop. You should be smarter than that.
 
2014-04-17 10:20:25 AM  

Punk Rock Hippie: Who is still banking with these criminals? How are they still getting anyone's dollars? What Americans think that these big banks like Citi, JP Morgan, and Bank of America can be trusted at all with anything? Why would people PAY for the absolutely deplorable customer "service" from these cartels?
Part of me thinks they deserve what they get. Part of me despairs for America. When given the choice between banking with a fee-gouging greed factory, and a credit union, many bend over and say "At least when I get screwed hard by BoA, its close and convenient and the no-lube fee is only $25!"

/Just stop giving the big banks your money. Stop. You should be smarter than that.


Maybe because - just the the biatching about AT&T - it's so overblown and guided by the fallacy of misleading vividness that many people don't care.  Been banking with BoA for over 10 years, never gotten bitten by a fee.  Ever.  I don't run my account to zero every other day.  I probably walk into a branch office about four times a year, usually for something minor and silly, and I don't get charged for it.  They've fixed fraud problems on my account same day each time it happened, no arguments.

Now, I get the arguments from the macro view - large banks have screwed up badly there.  They were allowed to be risky, and they f-ed up.  Bad.  If you walk away from them because of that, I completely understand (and have been tempted to myself).  But I don't get the fee biatching.  Use your account like a grown up, and you don't end up with fees and other bullshait.
 
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