RWCMom

Why Bank of America Paid Back the Money

We can do a few things:
1) Continually write our Congressional reps about our expectations, what they get right and what they get wrong.
2) Write the executives and tell them what we think. They may or may not care but we don't know if we don't try
3) Put our money where our mouths are, close our accounts or pay close enough attention that they charge us fees, pay down our credit (we may need to live more frugally but set the example we want the execs to follow).
4) Educate our less financial savvy friends and relatives about the first 3.


On Dec 07 11:01 PM TeresaE wrote:

" We, the people, are paying for these execs Lives of the Rich and
Infamous, with our jobs, our small businesses (largest local taxpayers) and our incomes. Yet, we do NOTHING to change the hurt being leveled daily.

The Virtue of the Republic

Yes, 20% down on mortgages (& car loans) is good but the bankers were too greedy to live with that so they come up with zero down, ARMs and anything else to part uneducated folks from their money. Perhaps if they would lend some of that money at 10% to credit card holders instead of 20%, the other 10% could be spent on real goods made by real Americans instead of lining the pockets of VISA. Quit making the Feds to be the bad guys; bankers do this to themselves and I am tired of hearing them cry wolf.

Bank of America Punishes Customers Who Dare to Have a Balance

B of A doesn't stop there.

You may be able to get great deals on overseas travel right now but Bank of America is ready to jump in and take a piece of that savings. I just got a notice that BoA will be adding a 3% transaction fee (based on $US equivalent) on all transactions processed outside the US. So now they will get not only the 3-5% from the vendor but another 3% from you.

What are your options?
Use your debit card to get cash for transactions
Traveler’s checks
Write Bank of America and remind them that you will not be making purchases with the card and they will not only be missing out on your 3% but also on the vendor’s percentage.

Fiscally yours,
Claire Felong,

Cramer's Mad Money - Is the Obama Index Making the Grade? (2/20/09)

I'm not impressed with that artificial Obama index. Obama is certainly not one who is looking to benefit large corporations with top heavy exec comp. He is aiming to help more individuals and would hope his policies would favor companies with good employee policy track records and environmentally friendly firms. Small & medium stocks that develop through internal growth rather than constant acquisitions. His would look more like an SRI index not a balanced fund. Many of his index businesses would not even be publicly traded.