Bank of America, an Extension of Government

Bank of America has long been one of the worst banks to do business with in America. With their customer service, if they were a smaller business they would have long since been out of business. Yet they persist. Why? Because they are too big to fail. This was proven in the financial collapse of 2008, when their coffers were stuffed with taxpayer dollars while smaller, more efficient banks that offered better products and better service were allowed to fail.

One might think that now, after the passage of Dodd/Frank, now Bank of America surely must be a more stable business, one that could fail for its horrible customer service or any other reason, and not pose a systemic threat to our economy, right? Wrong.

How can that be, you might ask? How is it that such an innovation killing behemoth, such a suck ass piece of crap of a bank that offers a .05% return on certificate of deposit accounts, a bank that should have been wiped out based on it's risky investments is somehow still in business? The answer is likely the same answer to the question, "Why is BofA closing accounts of gun dealers".

I believe the phrase they like to use is, "A Public Private Partnership".

 

Heard about them freezing that account.. Completely idiotic.

 

Bank of America needs to change their name. Bank of the Reich would work. Basically they wanna pet the tiger and hope it eats them last.