I don’t know about the rest of the country, but I believe out here BOA has been involved in some pretty shady mortgage deals.
Seems they offered folks the opportunity of refinancing at a lower rate and when these people, who never were late on their mortgages did this, they were told in order to qualify they had to be in default. Naturally the people were not comfortable with this, credit history and all being good till this step, BOA told them don’t worry we’ll fix it and when they were in default the bank repossessed. Something like that.
I don’t love BOA. Terrible fees for bouncing checks, they will put through all the debits on someone’s account before they then put in a deposit, even if the deposit is due in before the debit, and make sure you are in the minus department. Then comes the fees on your ‘bounced’ checks. I think they are real crooks.
BOA has been (like all national, and even larger regional banks) involved in some far beyond shady things... down right criminal things, and immorral things.
The breaking big national NY and West Coast Banks, would be ugly, and painful, but America would be better off without these snakes. There should never be anything in America that is considered “too big to fail”.
As a former account holder with BOA, I can attest to the bounce check fees that BOA puts on the account. They are crooks.
“They’re looking for missing computers”
I simple google search shows how easy it is to clone a hard drive. Videos are on youtube.
This tells us how dumb these banking execs are.
Yeah, they’ve screwed me over a few times. I hate that bank. We still have them, I want to change but not sure what bank to switch to. I don’t trust any of them. I wish I could do like my grandfather did, he kept a little in the bank and the rest in a VERY large and VERY HEAVY safe in the back of his barbershop. He worked for himself as a barber, got paid mostly in cash..... and got through the depression. - funny thing he and my grandmother would shop every Thurs - his day off - and they had a stockpile of toilet paper, canned goods etc....I guess the depression made its mark on them.