BOFA to charge $5 a month for check card use

[Binky]

And the close?

Down 3.62% at the close

[ceyko]

I just hope they lose a ton of customers over it and another vote for USAA.

[Darren M]

-1.81% as of right now. Gee, I wonder why.

And the close?

[Denny]

Exactly. Sometimes Denny acts like it is 1870 and you can just put whatever you want in your filings and nothing will happen to you.

No, just certain people.

[Broncojohnny]

I think I'd be way more interested to find out where you're gaining your knowledge of mark to market accounting. Sounds like Eustace Mullens got to you again.

Exactly. Sometimes Denny acts like it is 1870 and you can just put whatever you want in your filings and nothing will happen to you.

[Binky]

Thanks for the recommendatiaons to USAA, started up a new checking account and beginning the migration process.

I liked BOFA, been with them for years and never really had an issue until now. But like Netflix, I'm voting with my feet and don't support their attempt to squeeze more money out of me than they already do.

[Denny]

I think I'd be way more interested to find out where you're gaining your knowledge of mark to market accounting. Sounds like Eustace Mullens got to you again.

Damn him!

I actually got it from some grad courses I took in my spare time at Chicago.

I mean, shit, if people can say they were a CPA, I can claim some courses, right? I won't even boast the full degree, just some courses.

[mstng86]

I think I'd be way more interested to find out where you're gaining your knowledge of mark to market accounting. Sounds like Eustace Mullens got to you again.

He watches Fight Club everyday.

[slow99]

See what happens when a bank can't liquidate enough?

Imagine if they had to account for all their assets @ market value instead of their stated value. Imagine if they foreclosed on all those defaulted loans and had to report those losses. Imagine if they didn't receive free loans from the Fed and charge everyone else a few percentage points. Imagine if they didn't have homers like Buffett throwing five billion at them in a weak attempt to gain other investors' interests.

These banks are done, folks. Go ahead and laugh at me now. This will soon spark a chain reaction to all banks and all of you stuck to these institutions will be just as fucked.

FDIC cannot and will not be able to cover a massive explosion like the one coming.

I think I'd be way more interested to find out where you're gaining your knowledge of mark to market accounting. Sounds like Eustace Mullens got to you again.

[Denny]

ROFL, I can't access my account on http://www.bankofamerica.com/ now either... what a fuck'n joke! I bet they closed it to keep from having tons of people take out their cash.

Holiday? LMAO!

I'm kidding, but maybe not for long.

[Binky]

https://sitekey.bankofamerica.com/sas/signonScreen.do?state=TX

Direct link to online banking works, but their main webpage is under a DDOS attack

edit never mind - can't get past login screen as it has a "Slower than normal" warning.

[Darren M]

ROFL, I can't access my account on http://www.bankofamerica.com/ now either... what a fuck'n joke! I bet they closed it to keep from having tons of people take out their cash.

[Denny]

See what happens when a bank can't liquidate enough?

Imagine if they had to account for all their assets @ market value instead of their stated value. Imagine if they foreclosed on all those defaulted loans and had to report those losses. Imagine if they didn't receive free loans from the Fed and charge everyone else a few percentage points. Imagine if they didn't have homers like Buffett throwing five billion at them in a weak attempt to gain other investors' interests.

These banks are done, folks. Go ahead and laugh at me now. This will soon spark a chain reaction to all banks and all of you stuck to these institutions will be just as fucked.

FDIC cannot and will not be able to cover a massive explosion like the one coming.

[mstng86]

I am going to say that I feel like this is not a great move. I don't really understand it and can't see how it isn't just a quick money grab. But like I said before, BofA isn't the only one doing it. I think people have to also remember that banks have lost a huge revenue stream in the OD fees that can't be charged for a certain amount of time. That has probably saved alot of customers coin, and has put a huge hit on profit for banks. I don't remember the exact number, but it was a considerable amount of revenue lost for BofA. This is just a reaction to things such as that, and revenue has to be generated somehow I suppose.

I guess that sounds like I am putting the blame on Congress for making all the changes, which in turn can be placing the blame on the people for not being more responsible with their spending habits. But that would just be too far of a stretch I suppose.

[helosailor]

Hey stock watchers, what's the outlook for BofA's stock today?!?!

-1.81% as of right now. Gee, I wonder why.