Bank Bailout

Bank of America Seems to Like Pissing of Americans

Just yesterday I wrote about how Bank of America, right after grabbing taxpayer money through the bank bailout, went ahead and used some of that money to lobby against the very popular Employee Free Choice Act and tried to raise money for Republican Senators. By the way, the Employee Free Choice Act passed DESPITE this use of bailout money by Bank of America to lobby against it.

This led me to decide to not bank at Bank of America and to stop using my credit cards from them. Funny how they love corporate welfare but oppose anything that helps working class and middle class Americans.

I also decided to look into Bank of America's record in general on social issues. First thing I discovered was that according to Co-op America's Responsible Shopper, Bank of America is considered tied with Citicorp for worst bank or financial institution. Here are some comments (last updated 9/2008) from Responsible Shopper regarding Bank of America:
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mole333's picture



Dear Bank of America

Dear Bank of America,

I am a customer. That's right. I have a couple of Bank of America credit cards. My wife and I are also looking for a bank for some accounts. But you know, your ingratitude leads me to refuse to bank with you and to consider cutting up those credit cards.

First off, you never thanked us for that bail out. Yeah. WE bailed you out. That was OUR money that you so eagerly grabbed from the government.

Okay, so I was willing to overlook that little act of ingratitude on your part. But now I find out that your ingratitude goes even further. You see, after eagerly grabbing a government hand out (paid for by us taxpayers!) you then turned around and stabbed us in the back. You took the money and used part of it to lobby against the Employee Free Choice Act, a labor bill that is supported by a large majority of Americans.

From the Huffington Post:

Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call with conservative activists and business officials to organize opposition to the U.S. labor community's top legislative priority.
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mole333's picture



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