If you are like me, you are concerned, frustrated, and a bit confused that Bank of America has been allowed, and enabled, by the U.S. government to suck the life out of our financial system. In addition, if you are like me you are very pissed-off that BOA has recently sent out letters to customers, like myself, that our credit card interest rates have nearly tripled. Because they feel like it. Regardless of the customer's history and good standing with the bank.
Both personally and professionally I believe this brand has become a joke, a picture of sleaze that even Larry Flint can not compete with. At least Larry Flint makes money the old fashioned way, he earns it! BOA has to steal their money from us to continue to fuel their failing machine.
I believe it is time that we Bank of America customers tell these pirates that we are not going to take this anymore and we are going to give our business to the smaller regional and local banks that deserve the business.
I ask each of you to close your accounts at BOA and walk out the door this week. Tell them goodbye, and that we are not going to bend-over for them anymore and take this crap! If we all do this it will send a message that extortion-based banking is no longer acceptable in this new era of customer empowerment. I also ask that each of you share my new interpretation, with your friends and family, of what I believe the acronym BOA should now stand for, as well as the new logo Bank of America should employ since it is much more fitting and aligned with their business model.
P.S. Here is a link to my YouTube piece on this very subject:
Roy, I hear you. I'm a bit of a disgruntled BoA customer myself...but I'm not sure where to go. Like many people I became a customer of theirs by accident. After a bad experience with Chase (after they were swallowed by Chemical) and moving out of NYC I chose Summit Bank specifically for their small size, low fees and accessibility. Plus their online banking (in 1999!) was pretty good. Then they were eaten by Fleet. Who merged with BoA. So...now here I am.
But...I get a preferred Home Equity interest rate with them for having my other accounts there. And who is going to give me prime -.75% on a LoC now? Tell me and I'm there.
Posted by: Adam | April 21, 2009 at 09:34 AM
Roy:
This logo is a tour de force! When I showed it to my Gov Relations team, they loved it.
Ken
Posted by: Ken Lewis | April 22, 2009 at 03:28 PM
Thanks for voicing Roy. I am with you. We need to make our voices heard in washington. There is legislation being written now to begin to re-regulate these usury thieves.
Posted by: Steve | April 23, 2009 at 09:51 PM
Great idea! I have blogged your video!
Posted by: Forrest Covington | May 02, 2009 at 07:47 PM
I am caught up in a BofA mortgage modification scam and about to be foreclosed on despite the fact I qualify. BofA has carefully orchestrated a way in which to us the Save our Homes program to instead seize our assets. I am starting a grassroots org in my community hoping to make lots of noise. Would you consider letting us use your new improved logo for our cause? Oh and I want the thong what a great Christmas gift it would make for that special someone CEO.
Posted by: Yarrow | October 28, 2009 at 07:37 AM
Hi Roy,
I am a French journalist based in Los Angeles. I am interested in your story and I would like to interview you. Could you please contact me at the email address shown below?
Thanks,
Armelle Vincent
Posted by: Armelle Vincent | January 12, 2010 at 09:51 AM
that luck for these boys who are born in cradles of gold, which never know what is the scarcity or poverty or at least feel a limitation in his claims, as their father and grandparents were brought into the world with good provision of money accounts, a kind of young.
Kathleen T. Ryan
Lane Tecumsah 3209
Cedar Rapids, IA 52 401
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Posted by: sw | January 28, 2011 at 11:27 AM
unfortunately i do not think this walk out had an impact like they thought it would. was worth a great shot though. mad props to them.
Posted by: Viagra | July 07, 2011 at 01:39 PM
Never give up! I'm quitting today. I'd rather have a rate hike on my mortgage that give one cent to a bunch of criminals.
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