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Bend Over America

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posted on Jul, 23 2009 @ 06:29 PM
Whoa, I hope that guy has a lawyer cause when this goes viral BofA will hunt him down and use him as a scapegoat for saying " stealing from us".

I hope this hurts BofA but I'm not holding my breath.

Here's a link to US Bank that offers free checking

posted on Jul, 23 2009 @ 06:31 PM
Good luck running from something that owns you.

posted on Jul, 23 2009 @ 06:36 PM

Originally posted by marg6043
reply to post by mythatsabigprobe

Even before the bank bail out and economic crash I has been telling people that the two worst banks in the nation to bank with are Wachovia and BofA.

Rest assure that many people has been moving accounts from the big banks to smaller banks where they get better deals for their money.

The only real warning I'd like to offer is make sure the bank is not
on the bank implode list.

The FDIC had a person come forward saying bank failures are
about to go up 10 times, and the FDIC is nearly out of funds.

Sounds like some 1929 history lesson is about to go down.

348 banks in the red and orange zone

Red means it is technically already toast.

Orange means its 1 or 2 % away from numerically qualifying as failure.

FDIC's Sheila Bair says around 500 banks could fail soon

So prepare accordingly ppl, read the list, and bust a move if you need to.

Good Luck to you all !

[edit on 23-7-2009 by Ex_MislTech]

posted on Jul, 23 2009 @ 06:37 PM

Originally posted by nasdack24k
Right on!

I took all my money out of the bank 4 years ago due to a personal altercation with a bank that soured the whole system for me. And I have never regretted it.
I've managed to earn a decent living without playing credit, I'm debt free and everything I have, I own.
I can imagine how stressful it would be right now if I had talked myself out of doing that. I had good credit and was preparing to use it. Glad I didn't.

Listen slaves: Take your money out of the system. The banking and credit system is just one more link in your shackles.

Amen and amen. Had problems with B of A years ago, my money constantly coming up missing in my checking without a valid reason.

posted on Jul, 23 2009 @ 07:09 PM
im actualy lucky, i dont have that much debt, but i can barely afford the debt i have. it felt so good to tell my credit card company to take there card and shove it!!! last month!!..........., any extra money i had, i put on the card, i did without some stuff but it was only for a few months, well 9 to be exact but i paid the damn thing off!!! well, im used to doing without some stuff so now i just put what money i paid back the credit card company with and applied it to the next debt....that one will be paid off by xmas, then ill enjoy xmas and start dumping all that extra money and pay off my car, when that gets done, ill be completely debt free!!!! and that will be by xmas 2010!!

make a plan
stick to the plan
go without some stuff
then start enjoying life cuz it feels sooooooo good not owe people anything!!

be safe people!!

posted on Jul, 23 2009 @ 07:14 PM
I left BoA back in College, because they were being jerks. Then I went to Wells Fargo for a few years. When I moved to PA there are not any Wells Fargo banks nearby my locations so I went to a smaller bank, National City. After having issues with a single overdraft fee of 25$ that turned into like 300$ because I refused to pay it, I am now banking with First National.

I have had a Discover Card for years and they have treated me very well, with low interest rates. But it always gets paid off, so they tend to continue treating me well. They are so desperate to screw me over that they actually allow me to have a Platinum Card - with massive limits (10s of thousands).

However, I barely make 1000$ a month and it all disappears so fast. (New Job).

My interest rate is extremely low because the balance gets paid off rather quickly, and I am always getting offers for more credit, although I always say "No" nowadays. Either take my Discover or get lost, basically.

Look, you can say "escape the banks" all you want, but I would HATE to see what life is like without a little credit.

Hell the past month I made barely 500$, and you know I have been charging for my dinner. I have 2 kids and a wife, and I will not make them eat rice everyday (with nothing else) so I buy them a decent meal on credit.

Discover has treated me 1000x better than Visa or Master - that is why I do not use them at all.

Bottom line, some of us would be on the street if it was not for credit. And if you pay it off quickly, you will stay afloat just a little longer, and avoid heavy fines.

I am aware most people are not so lucky, as I have a benefactor who is helping me pay off my credit balances. I am extremely lucky.

I have nothing against credit, but I am 100% against super high rates%.

I think that usury is a Sin. And the lawful rate should be maxed at about 5%. IMO.

Anything above 5% is theft plain and simple, from my point of view.

Credit is a tool, it is not good or evil. It is how you use it. It can become evil if you abuse it, and it can save your life if you use it within reason.

And Interest, well that is almost always evil.

posted on Jul, 23 2009 @ 07:37 PM
Years ago I sold some furniture. $500.00 took the check and deposited it in my acct. at Bank of America.. Got the deposit reciept.. 10 days later I noticed that the deposit had been removed..

I called up to see if maybe I had gotten a "bad check" .. I was told that the bank had "lost" the actual check, so therefore they removed the funds that they had credited to my acct...

Then they had the nerve to tell me that I had to either get another check from the person, or I had to have them contact thier bank to see if another could be issued...

6 months of arguing, but I got it straightened out.. but as soon as the money was finally credited to my accct again.. I pulled the acct. and have used my local credit union since.. no probs since..

posted on Jul, 23 2009 @ 07:42 PM
I had similar experience with BofA this year. I couldn't understand how they could treat me like that. I have a credit score of just under 800 and have never missed a payment, gone over a limit, etc...

My experience over the past year has been interesting... low introductory rates are great, but expect them to go up, and up, and up. I mean, that's their game. The only cards that are worth your time are fixed rate cards. If you have a variable APR, expect to bend over at some point.

The reason I didn't leave BofA was because they have an excellent website that includes top notch Electronic Bill Pay. I didn't like the idea of going to a small Credit Union or another bank that doesn't support web users as well.

What I did was complain about the monthly fees on my checking account and threatened to close it, at which point they waived the fees. Second I closed my saving and credit cards.

The way I see it, BofA in now bending over for me. They provide me checking and online banking for free. And because banks can only leverage money deposited in a savings account or loaned, they're not making money (or leveraging) off the balance I keep in my checking account. Let's face it, the interest you make on a savings account it a joke and doesn't even keep up with inflation.

All things considered, I'm sleeping pretty well, in spite of my continued BofA relationship.

posted on Jul, 23 2009 @ 08:00 PM
Easy way to avoid these banking horrors. Use a credit union. They are everywhere, and they are there for their members. I have been in one for years, and have no problems. Fees are much cheaper, and they answer to the members.

Remember---credit unions....

posted on Jul, 23 2009 @ 08:05 PM
reply to post by mythatsabigprobe

This is great but you're focusing your outrage on just one company. Bank of America is just one of the many. The macro picture has been addressed over and over and over and it's not just BoA it's the entire USA that is and has been bending us over our entire lives. Funny how it really is the same to some extent all over the world but at least in Europe they get something for what they bend over for. This video is just another divider tho that focuses us one small sliver of the problem and then divides us while we argue the finer points of this small point. Please don't lose focus though. The problem in this country is that we have been being screwed from day one. The solution ? Who knows but I can tell you that at least European socialism has a more peaceful society overall than these United States and it seems that perhaps that is indeed a good starting place for us to move to. And yes, while you're at it close your bank account and choose another bank. Guess what though..all the banks in this country are exactly the same so good luck finding one that gives a crap about your business. At least at Bank of America you can do the business you have to without ever having to step foot inside a branch. Good luck to this country. Thank you to ATS for great reading. Let the flames begin.

posted on Jul, 23 2009 @ 08:18 PM
read the fine print upon signing up for any form of credit and it will tell you the APR can fluctuate at any point to just about any amount. credit cards are designed to trap people and make as much clams as possible.

my mother has always told me, in fact she told me today, "don't ever put something on your credit card that you can't pay by the end of the month." seems impossible but this lady has the highest credit score possible so she might be on to something.

Their is a really good documentary on Netflix called "Maxed Out"

It really is amazing how much money these guys make from late fees and their APR's. That's why i waved by to credit cards a long time ago... i prefer to just overdraft my account occasionally.

posted on Jul, 23 2009 @ 08:34 PM
I have a credit card account with First National Bank of Omaha that was opened a couple years ago. I applied for it to transfer an account over and pay 0% interest on balance transfers for one year and 12.99% thereafter for the life of the account. Everything was fine until December of 2008 when i got a letter stating they were increasing my rate to 29.66 percent. I was like WTF and you could have heard me cuss a mile away. I called them and they said due to the length of time i had the card and being to close to the credit limit they had every right to raise it. Length of time i had the account? That shouldn't even be a factor. The longer I have an account the higher my interest rates climbs??Well after several phone calls i finally reached the office of the vice president and had a in depth conversation about things and the economy. I told him they had violated our agreement and they were acting irresponsibly in light of the economy. I finally agreed to make 2 large payments and not use the card to show them I did in fact want to pay them. I even explained how i was aware of the economy and half expected an increase but didn't expect to be treated like i borrowed money from the mafia.He made an agreement with me once those payments were made to lower the rate back to where it was, credit back the 2 months interest difference, and keep it there as long as i did not use the card. Thats what i did and the very next month I received a letter saying it was being raised to 19% due to the amount of time i had the account and being too close to my limit.The funny thing was the letter was worded in such a way to imply I was being awarded this new rate for being a good customer. After several calls I am still paying 19% but I am almost done paying it off. I am just thankful they haven't cut my credit line but I assume that will come when i get to a zero balance.

Thats the most extreme example of what i have dealt with among the other 5-10% increases on other cards that i don't use. This situation did lead me to do some investigating into my credit issuers and I was amazed at what i found. First National Bank of Omaha was the one of the first to give money to Enron and the net if full of complaints from their customers similar to mine. I wish I had known about the Enron connection because I never would have applied for my card. The man in the video is right when he says they bend you over, screw you, and don't even have the decency to give you a reach around. We do all need to stop giving money to these large banks who take huge risks and expect us to pay for it when they go bust. Go local because at the very least you can benefit directly from those banks investments in the community until they get bought out by Bend Over America, JP Morgan and Choke on it, and Hells Fargo.

Don't be content with what is being forced fed to you like you have no choice. We do have choice and when our voices become so loud they can't be ignored things will change. Peace out.

posted on Jul, 23 2009 @ 08:49 PM
reply to post by mythatsabigprobe

Damn! This video must be passed on. Stand up Americans and say "I'm not going take it anymore." Stop being financially enslaved to the banking cartels and bring them to their knees.

posted on Jul, 23 2009 @ 09:00 PM
as stated above, credit is a tool, it's neither good or bad, just a tool.I have been fortunate to have used credit wisely in my life, but I too hate to use credit. To many, it's like a drug, that they can't break the habit. But ask anyone who has become debt free, or close too that. it's a great feeling to wake up in the morning knowing that YOU are in control of yourlife, not some pinhead at the credit card company.

The card companies know they are just selling a legal drug, and most people can't resist. You have to fight the urge, get out of debt, and yearn to be debt free. it can be done.

posted on Jul, 23 2009 @ 09:12 PM
Not all Credit Unions are good. One of the local ones in my area, Toledo, has done nothing but screw me and my husband over. We have car loan through them. The have repoed it 3 times. Now one time was legit, we were 2 payments behind, but we paid it and got our car back. The other 2 times, not so much. We have both been laid off so every few months we pay the car payment a week or 2 late, it just all depends on the due date. So yes I realize we aren't perfect but on 2 occasions that car got repoed it was because the collections dept "forgot" to call the repo company to tell them to take us off the list. Both times we paid up, including the fees, and 3 days later they stole the car. This last time the bank manager called us to apologize. The collections woman always gave the same excuse that it was because they lost contact with us. My husband has every single email, so it can be documented better then phone calls, that he has ever sent. Most of them now are telling them the exact date and location of payment.

My mother has used a CU for years and NEVER has had any of these kind of problems. We are thinking because most of our CU's members worked for the auto industry in one way or another, thats why they are being so grabby with money, 75-85% of their membership HAS to be laid off or completely jobless. So this is just a cautionary story about CU's they can be really good or really bad just like every other bank.

posted on Jul, 23 2009 @ 09:16 PM
reply to post by mythatsabigprobe

And don't vote for Republicans. This happened on their watch and if you think it was an accident then you're not paying attention. Democrats were enablers but the core of why this is happening in America today is in Republican governing philosophy.

posted on Jul, 23 2009 @ 09:17 PM
USAA is the way to go if you can join them! An AMAZING Credit Union.

posted on Jul, 23 2009 @ 09:41 PM
I had this happen to me with BofA, but even worse. I've had a commercial relationship with them for over a decade. I have several lines of credit and impeccable credit. All of a sudden, they reduced all of the credit lines to where the balance was. In other words, if the balance had been zero, they would have closed all of them. The excuse? Regional economic factors. Where's the bailout helping those of us who play by the rules?

That said, you MUST listen to this week's Veritas Show:

This image says it all:

And if you're ready, listen to this eye-opening preview. But, please, don't listen if you want to continue living in the matrix:


[edit on 23-7-2009 by Exopolitico]

posted on Jul, 23 2009 @ 09:43 PM
link mean people are finally waking up. I've been passing this message along for over a year.

Drop all accounts at any of the large national banks, or primary dealers (to the federal reserve). NOW. THEY ARE ALL CROOKS. YOUR SAVINGS ARE BEING LENT OUT OR USED BY THE BANKS FOR NEFARIOUS REASONS.

Stop whining and take action. That includes all the whining I hear on these message boards.

List of the Primary Government Securities Dealers Reporting to the Government Securities Dealers Statistics Unit of the Federal Reserve Bank of New York

BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies & Company, Inc.
J. P. Morgan Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
RBC Capital Markets Corporation
RBS Securities Inc.
UBS Securities LLC.

posted on Jul, 23 2009 @ 09:44 PM
Yeah when I get my tax back, i'm going to completely pay off my credit card.
It's only at $2000, I'll have enough to comfortably clean it out.
Credit cards should be used for emergency only, which is when I used mine.

I got back on my feet, nice full time job, and paying mine off very soon.
I'll keep it open in case of another emergency.
But the way I see it, is most banks are capitalizing on greed.
Greed capitalizing on greed.

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