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Sun Jun 29th 12:43 PM | Rating: 0 0
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Bank of America's Parking Meter Play

It's simple: keep a register. Keep track of your money. Bank of America only allows money to leave your account if YOU AUTHORIZE IT. Are you having a problem overdrawing your account? Then stop! It's so easy to blame a big institution for your lack in math skills. When you write a check, record it. When you swipe your debit card, record it. I've been with Bank of America for 3 years, and I've not had any issues overdrawing my account.

Know why? I know that if I have $500 in my account and write a bunch of checks that amount to $550...that means I'll overdraw. Duh.
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Sun Jun 29th 12:33 PM | Rating: 0 0
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The Bank of America Bug

Ken Lewis and BoA are stupid? Wow...are we 12 years old?

Ken Lewis is the reason that Bank of America stayed clear of the sub-prime crisis. The company could have made billions more (i.e. Bear Sterns, CountryWide) if they'd lent solely based on ARM mortgages with short-sightedness.

Bank of America is the second largest retail bank on the planet. The only one above them is Citigroup....and they lost $5 billion in first quarter, laying off 7,000 employees. Bank of America made $1.21 billion in profit first quarter.

Sounds like a smart company to me.
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