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[ARCHIVED THREAD] - BoA collapsing (Page 1 of 4)

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8/8/2011 6:42:07 AM EDT
I'm am enjoying it, that giant turd that passes for a nationalized bank is imploding

Should've died a horrible death 3 years ago.


Posted Via AR15.Com Mobile
8/8/2011 6:43:44 AM EDT
[#1]
I'm fine with it, do you have a source?
8/8/2011 6:43:59 AM EDT
[#2]
Down almost 10%
8/8/2011 6:44:51 AM EDT
[#3]
They are down along with everyone else, they only stick out because they are now being sued. Nothing to see here.
8/8/2011 6:44:56 AM EDT
[#4]
Doesn't that Obama sycophant Warren Buffett own a ton of BofA?  or is it WellsFargo?



I hope he crashes and burns and loses every fucking penny he has ever made.  I hope the Gates Foundation doesn't get anything from him when he kicks the bucket.
8/8/2011 6:45:32 AM EDT
[#5]
They will be propped up / bailed out.
8/8/2011 6:46:20 AM EDT
[#6]
Good, fuck 'em!
8/8/2011 6:46:30 AM EDT
[#7]
Buffett is into Wells Fargo.
8/8/2011 6:46:50 AM EDT
[#8]
A pox on their houses for their steadfast refusal to remove my name from my ex-wife's credit card.



Until she pays it off, the only way I can get my name off would be to get a court order.  That means 1-2 full days at family court.
8/8/2011 6:47:09 AM EDT
[#9]
Good.
8/8/2011 6:47:13 AM EDT
[#10]
What happened? Did the globalists start another whisper campaign on Wall Street?
8/8/2011 6:48:16 AM EDT
[#11]
Theirs is the only credit card that gives me a decent rate.  
8/8/2011 6:48:41 AM EDT
[#12]
Isolated incident.
8/8/2011 6:50:10 AM EDT
[#13]
BOA is not collapsing; the equities market is in turmoil.
8/8/2011 6:51:40 AM EDT
[#15]
Quoted:
What happened? Did the globalists start another whisper campaign on Wall Street?


AIG, of all fucking people, is suing them
8/8/2011 6:58:00 AM EDT
[#16]
Quoted:
What happened? Did the globalists start another whisper campaign on Wall Street?


Tepper's Appaloosa has bailed out on them.  That fund held some pretty large positions.

8/8/2011 7:00:27 AM EDT
[#17]
Quoted:
Theirs is the only credit card that gives me a decent rate.  


Same here.
8/8/2011 7:05:36 AM EDT
[#18]
Will I have to pay my last statment if they do?

Left them last month after 10 years of holding their visa card. Every fucking time I went anywhere on vacation they would suspend my account for fraud.

The capper was last month, on vacation in Durango with the family and my card is declined. Turns out they sent us new cards ( unkonwn by us ) a few days before we left and shut our current one off the last day of our trip.
fucked up all my auto pays, couldnt get into my rv storage etc.

They are completly and utterly incompetent fuckheads over there.

good riddance!
8/8/2011 7:05:57 AM EDT
[#19]


Rot in Hell BoA !!!
8/8/2011 7:08:03 AM EDT
[#20]
Quoted:
They will be propped up / bailed out.


You really think they would be stupid enough to do that again?
8/8/2011 7:08:31 AM EDT
[#21]



Quoted:



Quoted:

They will be propped up / bailed out.




You really think they would be stupid enough to do that again?


Rhetorical question?





 
8/8/2011 7:09:18 AM EDT
[#22]
Damn, and we are fresh out of bailout money.
8/8/2011 7:11:09 AM EDT
[#23]
Screw Bank of America. They tried to foreclose on my brain injured SILs house, by not letting my FIL pay the mortgage. Pieces of trash is what they are.
8/8/2011 7:18:32 AM EDT
[#24]
Quoted:
Quoted:
What happened? Did the globalists start another whisper campaign on Wall Street?


AIG, of all fucking people, is suing them


Maybe they'll kill each other off. I'm cool with that.
8/8/2011 7:20:39 AM EDT
[#25]
Absorbing Countrywide didn't help
8/8/2011 7:22:05 AM EDT
[#26]



Quoted:



Quoted:

They will be propped up / bailed out.




You really think they would be stupid enough to do that again?


No, they would be forced to take it and break it up in a fire sale, I just dont know if this time around the market will be as patient

 
8/8/2011 7:22:54 AM EDT
[#27]



Quoted:



Quoted:

They will be propped up / bailed out.




You really think they would be stupid enough to do that again?


Seriously?  What do you think?



 
8/8/2011 7:24:24 AM EDT
[#28]
wait; i thought we had to panic and give them billions of dollars so they wouldn't fail?

what's going to happen to the people who demanded we bail BoA out?
8/8/2011 7:25:23 AM EDT
[#29]




Quoted:

Theirs is the only credit card that gives me a decent rate.


They don't have credit unions in PA?  



My CU-issued Visa is only 10%, and I don't get charged interest if I pay off the balance before the payment is due.



I paid something like $10 in interest last year.

8/8/2011 7:25:43 AM EDT
[#30]



Quoted:


Doesn't that Obama sycophant Warren Buffett own a ton of BofA?  or is it WellsFargo?



I hope he crashes and burns and loses every fucking penny he has ever made.  I hope the Gates Foundation doesn't get anything from him when he kicks the bucket.


Wells Fargo.





 
8/8/2011 7:51:05 AM EDT
[#31]
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
       Thomas Jefferson, (Attributed)
       3rd president of US (1743 - 1826)

8/8/2011 7:53:30 AM EDT
[#32]
Have had BOA for years... never had any problems.

/shrugs
8/8/2011 7:54:06 AM EDT
[#33]
I fucking HATE BOA.
8/8/2011 7:56:08 AM EDT
[#34]



Quoted:


I'm fine with it, do you have a source?


Real-time quotes are probably his source.  



I know a few folks who bought puts last week and will do pretty well with them. It's about time BAC went into the toilet.



 
8/8/2011 7:56:53 AM EDT
[#35]



Quoted:


Theirs is the only credit card that gives me a decent rate.  


You shouldn't be carrying balances!



 
8/8/2011 7:58:22 AM EDT
[#36]
Zero Hedge  flaming the fire.

















The markets will stay on fire until the governments act, this has been the story for the last 3 years, this is what happens when you have nationalized economies.




Now we wait for the Bernanke to ease the pay like in Oct of last year.




However like a patient desensitized to morphine, we need bigger and bigger hits to keep the world economies from keeling over.




Liquidity Crisis II inbound.
8/8/2011 7:58:34 AM EDT
[#37]
So, no one thinks this could be a buying time for BoA stock?
8/8/2011 7:58:55 AM EDT
[#38]
Quoted:

Quoted:
Theirs is the only credit card that gives me a decent rate.

They don't have credit unions in PA?  

My CU-issued Visa is only 10%, and I don't get charged interest if I pay off the balance before the payment is due.

I paid something like $10 in interest last year.


My BoA card is 5.74%.   That's a big difference depending on the person and situation.  

I don't carry a balance (or use it at all, for that matter), but it's nice to have "just in case."  


Yes, I have been tempted to clean out AIM Surplus on more than one occasion....  
8/8/2011 8:00:19 AM EDT
[#39]
great, they bought my mortgage last year.  Implications?


8/8/2011 8:00:40 AM EDT
[#40]



Quoted:


I fucking HATE BOA.


They lost my business as a TEENAGER. It was the first checking account I ever had, and I was appalled at the customer service. I dropped them, and I still find it amazing that after all these years, they're hated for many of the same reasons.



 
8/8/2011 8:01:35 AM EDT
[#41]
Quoted:
I'm am enjoying it, that giant turd that passes for a nationalized bank is imploding

Should've died a horrible death 3 years ago.


Posted Via AR15.Com Mobile


so, if/when they go tango-uniform they have no one to process
my mortgage payment, I can just start buying more preps with
all that money ?
8/8/2011 8:02:52 AM EDT
[#42]
Should I stop paying my Countrywide BOA mortgage?
8/8/2011 8:05:40 AM EDT
[#43]
Quoted:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
       Thomas Jefferson, (Attributed)
       3rd president of US (1743 - 1826)



http://www.snopes.com/quotes/jefferson/banks.asp
8/8/2011 8:09:08 AM EDT
[#44]
Quoted:

Quoted:
I fucking HATE BOA.

They lost my business as a TEENAGER. It was the first checking account I ever had, and I was appalled at the customer service. I dropped them, and I still find it amazing that after all these years, they're hated for many of the same reasons.
 


I had them during my first divorce. My ex had check writing, debit, and deposit access only on my account. I had it in writing that she wasn't allowed to modify the account in anyway. She told them a sob story, after I had her removed, and again, I had it in writing. Teller bought it, let her drain and close the account.

Then my checks hit. They blamed me, threatened me, etc. Had to take them a court order to make them stop. It ended up being several hundred dollars. It took me 7 years to get that cunt to pay.
8/8/2011 8:09:34 AM EDT
[#45]
I know I am going to be flamed for this but BoA is about a BILLION times better than Wells Fargo. Don't even get me started on those asshats.



*Although I do have to say, when I was pissed at WF and moved my accounts to BoA, I told the guy opening my account of my tales of woe, he said "It's called Big Bank Syndrome. We have it too. There will be times that we may piss you off... if so, call me"



So far its been 10 years and they haven't done anything major to piss me off. Like accusing me of a crime such as WF did.
8/8/2011 8:11:07 AM EDT
[#46]
down 15%.
8/8/2011 8:12:19 AM EDT
[#47]
Would this be the Tea Party's fault or Bush's?
8/8/2011 8:13:49 AM EDT
[#48]
Quoted:
BOA is not collapsing; the equities market is in turmoil.


This.

Funny how turds who have no understanding of the market think they are dancing on graves, making up for a an overdraft fee(or some such) they got years prior.

I'm personally buying into BAC now.  Cheap if you ask me.
8/8/2011 8:13:57 AM EDT
[#49]
Quoted:
wait; i thought we had to panic and give them billions of dollars so they wouldn't fail?

what's going to happen to the people who demanded we bail BoA out?


That was a band-aid on a sucking chest wound.

Going to need more band-aids.  Except, they are out of them.

8/8/2011 8:14:23 AM EDT
[#50]
Quoted:
Good.


Quoted:
Good, fuck 'em!


I couldn't of said it better.
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[ARCHIVED THREAD] - BoA collapsing (Page 1 of 4)