DonPietro82 
Member since Sep 30, 2011


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Re: “BofA's message to people who bailed them out: Fuck You

Common Sense, you are partially correct, but last time I checked, BofA was having no problem generating VERY healthy profits. They just want more. More profits = more dividends for stock owner = higher bonuses for executives. I guarantee that the extra profits generated by debit cards will not generate any significant new jobs. Rather, it will result in loss of business for BofA (customers electing to bank with Credit Unions) which will probably cause BofA to lay off more employees. Businesses hire when there is sufficient demand to justify an expansion of business to go after potential profits. Raising fees on debit cards will actually reduce demand for BofA's services. There will probably be some level of profit generated (otherwise BofA would never pursue this plan), but don't be fooled, these extra profits will go directly to shareholders.

Posted by DonPietro82 on 09/30/2011 at 3:16 PM

Re: “BofA's message to people who bailed them out: Fuck You

Yes, let's blame Congress. God forbid that BofA doesn't turn a profit... oh wait, they are making record profits after being bailed out by the American people. Executive management of these banks see no problem with gouging consumers to keep their profits high so they can justify paying themselves absurd bonuses. Americans should be appalled by this and BofA should be ashamed.

Posted by DonPietro82 on 09/30/2011 at 2:18 PM

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