hexvate

Bank of America's Parking Meter Play

It's simple: keep a register. Keep track of your money. Bank of America only allows money to leave your account if YOU AUTHORIZE IT. Are you having a problem overdrawing your account? Then stop! It's so easy to blame a big institution for your lack in math skills. When you write a check, record it. When you swipe your debit card, record it. I've been with Bank of America for 3 years, and I've not had any issues overdrawing my account.

Know why? I know that if I have $500 in my account and write a bunch of checks that amount to $550...that means I'll overdraw. Duh.

The Bank of America Bug

Ken Lewis and BoA are stupid? Wow...are we 12 years old?

Ken Lewis is the reason that Bank of America stayed clear of the sub-prime crisis. The company could have made billions more (i.e. Bear Sterns, CountryWide) if they'd lent solely based on ARM mortgages with short-sightedness.

Bank of America is the second largest retail bank on the planet. The only one above them is Citigroup....and they lost $5 billion in first quarter, laying off 7,000 employees. Bank of America made $1.21 billion in profit first quarter.

Sounds like a smart company to me.