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Villagers Unite Against BofA

January 9, 2011

Because of the recent financial reform law, banks are no longer allowed to charge outrageous fees on overdrafts, debit cards and the like, so Bank of America is now going to add new fees for basic banking services. They are already testing these new gouging schemes in three states and plan to roll them out nationwide before the end of 2011. Only customers with lots of money can avoid paying these new fees and, as usual, it’s the poorest people who will suffer the most.

BofA customers (and I’m one of them) can nip this in the bud here and now by simply taking our money out of this evil, greedy institution and moving it to a smaller bank that still has free checking. That will tell BofA and the other banks considering such fees that we’re not going to stand for it. These other banks are watching how this plays out before deciding whether to follow BofA’s lead. They stand to gain a lot of new customers if they don’t.

In the good ol’ days, banks made their money by taking in deposits and making loans for cars, houses, etc. The difference in the interest charged on loans minus the interest paid to depositors was their profit… and it was a good one. Now banks (especially BofA) make big bucks by gambling our deposits on risky investments like the ones that went bad and caused the current recession. They won’t be satisfied until they have squeezed every last dime out of the customers who put them in business to begin with.

It’s time to drive a stake into the heart of this monster known as Bank of America! This company is the embodiment of all that is wrong with our capitalist system. We must make a stand and make it now. We have the power to hit them where it hurts… in the pocketbook, but we all must do it together. Even if you can afford the new fees, why should you? That’s money out of your pocket going to a bunch of greedy bastards who don’t deserve it. Death to Bank of America!!! Those who want all the money deserve none.

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3 Comments leave one →
  1. January 9, 2011 1:03 PM

    They only succeed because we participate, when we stop they stop. Our greed is what feeds the beast

  2. February 3, 2011 10:29 PM

    The reason everyone is charging the crap out of you is because of your “home boy” Obama

  3. Chuck permalink
    March 2, 2011 10:15 AM

    http://www.thepeoplesboycott.com

    Check out this website for a link to the ICBA (Independent Community Bankers of America). Enter your ZIP code to find independent banks in your area. I’ve been using an independent bank for over 10 years. Not only does the institution meet all my banking needs, but I also get prompt, courteous service (even on Saturday mornings) and a free calendar from them every year!

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