We, the American taxpayers were the ones robbed! Some made more money when bonuses were handed out, for what I havn t a clue. The Wal Mart of banking? Well.... there ya go.
when any body has an overdraft and the bank hits them with 3 overdraft fees before they contact you is straight up thievery . that needs to be regulated and illegal.
Take a look at huntington bank that charges each time you overdraft which makes me wonder why am I paying that bank for overdraft protection I'd the bank is going to charge me $45.00 each time I overdraft.
I agree - banks are a "public service industry" that takes all the "tax benefits" allowed to "public services" - which are greater tax benefits than say a manufacturer or retailer or even a Photography Studio such as I own. So banks are like any other utility - such as the Power, Gas & Water. So I think banking fees should be "invoiced" and allow 15 - 30 days to pay these fees - instead of yanking funds from your account instantly - and delays in notifying or showing up on your account records = delays to consumers of banking services receiving notice of the fee charges - often causes "more overdrafts" or inaccuracies in personal accounting. Banks are no longer serving the public - yet they take all the tax breaks of a public service. For example, I recently went into a PNC Bank to make the change on a $100 dollar bill to (five) - $20 dollar bills (for increase personal safety - usually avoiding carrying large bills in my wallet - I put (one) $20 in my wallet and the remaining (four) $20's - I hide elsewhere in my clothing). PNC refused to change out the $100 - after asking if I had an account with them. So I asked them - are you a public bank (listed on the FCC & FDIC public exchange) or is PNC a private club or Credit Union owned by private stock and shareholders with no Federal Insurance backed by the Taxpayers? They threatened to call security if I didn't leave. I would help anyone I could to protect their assets and cash - to make our city, nation, and the world - a little safer in protecting our commonwealth - but not our banks. PNC is not alone - I've had Bank of America, Wells Fargo, & Chase all refuse public services to me due to lack of accounts with them. And Chase - I have a Retail Card through them = but they want you to have a checking or savings account before they will do anything for you. YET they get my tax dollars via their tax breaks not to mention taxpayers FDIC insurance for them to supposed to be a "public service." BUT are not. (To make matters worse - when they build a bank on the corner - they get a lot of federal, state, and local taxpayer subsidies to build the building. Then, NOT do simple services for us like changing large bills).
Country Wide and Merill Lynch were the headache for Bank of America. It was a great organization until they bought these business. If they stayed away, the stock would be over $200. Ken Lewis was too nice a guy for bailing them all out.
You ever see the video where theyre explaining default credit swaps and dude (no idea who the f it is) gets all pompous even though theyre toxic and destroyed these banks we had to bail out with like "theyre important useful financial tools" interviewer said "but didn they destroy the economy" and he like smiles and says "they're just useful tools you wouldnt understand." Theyre fuckin crooks and its the nature of these people and big business to fuck over whoever to save any penny they can to generate these big numbers for bigger payouts. Its the nature of the beast but what are we supposed to do about it ya kno. Annoying
don't want to stigmatize the the banks that actually need help? that's exactly what should have happened. the bank surely stigmatizes customers who can't make good on their loans.
Chad Evert in the end, one of those banks is still standing, we don’t know which one. Idea is if general population found out, there would be a run on the bank and the would be further damage to the financial system and economy as a whole
@@jayclark3769 this is a distinction without a difference. a run on the bank is the public realizing the bank or financial system as a whole has f'd up. it's what should happen instead of kicking the can down the road. if someone doesn't pay their house note, the bank doesn't say here's some more money, now don't spend it all at once.
Chad Finneman really important to keep bailing them out ( how many times of a bail the we ask the to try another business because if you fail this time no bail
It's March 14, 2023 and just a few days ago we experienced the (Silicon Valley In CA) 2nd and (In NY) 3rd Largest Banks collapsing in History. And yet the FDIC had to step in to ensure consumers get their money and will be backed by the Treasury if they run out of funds to give the consumers their money up to 250K. Which leaves me to wonder 13 to 15 years ago when this video was made; did Bank of America pay back those funds in 3 to 5 years as he stated? Did they pay them back at all? Or did they take the 25 Million dollars received from the Federal Government to make loans to struggling consumers and small businesses, and just pad the pockets of more Executives. Becoming another situation where Main Street is robbed by Wall Street. This video is just another reminder that History repeats itself over and over again. He sounds like he was playing a game of Monopoly to include Bank of America with Merrill Lynce. I just shake my head and listen to this guy say whatever he thinks she wants to hear. 🤑 Until she asked the Multi-Million Dollar question. Do you think your job (salary) is in jeopardy. 😳 And for him to say he hadn't given it any thought let's us know he isn't concerned about feeding, clothing, housing, or providing for his family. 🤔 Because he has enough money set aside to pass along for generations to come. 🙄 That video has October 19, 2008 stamped as the date.
Nope, you didn't win in that sense. You got to be #1 not by being better, but by buying the competition when they went south. Doesn't make you the best, just lucky enough to still be standing when the dust settled. Don't smile, you're not a hero.
So let’s see....the government gives the banks billion dollars so they can loan it egregious rates. So the bank gets richer....? How about requiring banks to pay a better proportion of interest paid to depositors compared to loan rates. This is obscene.
Beast from the East I lost my sons condo Bank of America foreclosed on me I was not behind in payments but my homeowners association dues were overdue so I sent them a check and they sent it back and they forfeited my my sons and mine condo that was supposed to be my retirement home I cried I did everything I could and everybody laughed at me and said no way that was Bank of America
This sounds like charlottes web bank; why won’t government have an oversite committee to make sure bailouts go to the proper consumers rather than raises for staff. Executive comp 9.56hr For bank failed again
BofA was the original “roll up “ king they barnstormed America and rolled up all these institutions and banked on the fact the tax payer would be the hedge of all hedges . Being small may not be attractive but being ethical is as good as gold and I don’t think they truly want to answer the question if the growth they obtained was ethical and in the best interest of shareholders of BofA . That’s my opinion
There's a movie about this. I can't remember the name. The Banks are the problem not just the politicians. This will happen again, its only a matter of time.
This guy is making $25M a year and still saying executives are making too much. Do you have any idea what I could do with $25M? The fact that you can make that kind of money and still not harness its potential speaks to the lackluster imagination and cleverness of the finance world.
Paving a Road to Damnation After that Comes Hell We're on Schedule I remember the Stickers that they put on paper work when we were in Elementary School, Terrific!, Great! Excellent!, and the Scratch and Sniff Stickers .
A banker who doesn't like ultimatums, go figure. They can't handle what they love to dish out. Where's the law that state's a bank's loyalty to patriotism for country? Finally, Bank of America is at least half American and not 100% privately owned by foreign private investors. The primary owners are still the wealthiest Italian family in the world. Just like the Federal Reserve is not Federal, Bank of America is truly Banco dí Italia.
Lewis is a liar. He was fronting $ for countrywides sub prime mortgages..whic is why they had to take on Countrywides loans. Bank of America then had its own servicing...and they were unbelieveably corrupt. Their accounting looked likea 10 year old was doing it. More than 10K in errors in my mortgage account. Disgusting.
The Lord the Lord in the king of King so he is coming for the evil Wicked and corrupt and they will be destroyed for all the things that they have done on this Earth and to God's people be on the lookout cuz he's coming soon to come that's why in the Bible he said men do the deed in darkness so you don't see the dirt that they doing that's why the Lord is on the horizon exposing everything and everybody he said what goes on in the dark must come to the light he says no more hidden things and no more secrets the Lord says enough is enough
BofA is much better now that Ken Lewis is gone. His handling of Countrywide and Merrill Lynch were so bad it did significant damage to the bank, the associates, and the customers of the Bank for many years after. Brian Moynihan has done a much better job at handling the bank and has done a very admirable job of rebuilding the bank from the mortgage crisis. Just before the Mortgage crisis in August 2008 Bank of America stock price was around $54 per share. After the crash in January 2009 that same stock sold for less than $3.00 per share.
A lot of old videos from '08-'09 are starting to pop up in my feed. The UA-cam algorithm seems to be trying to tell us something...
Monsieur Slappahaux yup. They know something we don’t.
Same thing happening to me--because I can't stop watching clips from Margin Call and the Big Short lol.
TheCanningite thought I was the only one 😂
Getting my Devry University Out of UA-cam 👨🎓
your definitely right
Somehow 08-09 financial crises is popping up all over UA-cam just know it’s 2020 and it’s about to happen again
I'm here tonight 2021 ....Ouch
The best way to rob a bank is to own one.
Lupe Merritt not exactly you’re not robbing the bank you’re robbing the people who put the money in your bank
We, the American taxpayers were the ones robbed!
Some made more money when bonuses were handed out, for what I havn t a clue.
The Wal Mart of banking?
Well.... there ya go.
Or own stock of the bank you get some dividend that is a legit way of robbing the bank
when any body has an overdraft and the bank hits them with 3 overdraft fees before they contact you is straight up thievery . that needs to be regulated and illegal.
Take a look at huntington bank that charges each time you overdraft which makes me wonder why am I paying that bank for overdraft protection I'd the bank is going to charge me $45.00 each time I overdraft.
Don’t spend more money than you have...
I agree - banks are a "public service industry" that takes all the "tax benefits" allowed to "public services" - which are greater tax benefits than say a manufacturer or retailer or even a Photography Studio such as I own. So banks are like any other utility - such as the Power, Gas & Water. So I think banking fees should be "invoiced" and allow 15 - 30 days to pay these fees - instead of yanking funds from your account instantly - and delays in notifying or showing up on your account records = delays to consumers of banking services receiving notice of the fee charges - often causes "more overdrafts" or inaccuracies in personal accounting. Banks are no longer serving the public - yet they take all the tax breaks of a public service. For example, I recently went into a PNC Bank to make the change on a $100 dollar bill to (five) - $20 dollar bills (for increase personal safety - usually avoiding carrying large bills in my wallet - I put (one) $20 in my wallet and the remaining (four) $20's - I hide elsewhere in my clothing). PNC refused to change out the $100 - after asking if I had an account with them. So I asked them - are you a public bank (listed on the FCC & FDIC public exchange) or is PNC a private club or Credit Union owned by private stock and shareholders with no Federal Insurance backed by the Taxpayers? They threatened to call security if I didn't leave. I would help anyone I could to protect their assets and cash - to make our city, nation, and the world - a little safer in protecting our commonwealth - but not our banks. PNC is not alone - I've had Bank of America, Wells Fargo, & Chase all refuse public services to me due to lack of accounts with them. And Chase - I have a Retail Card through them = but they want you to have a checking or savings account before they will do anything for you. YET they get my tax dollars via their tax breaks not to mention taxpayers FDIC insurance for them to supposed to be a "public service." BUT are not. (To make matters worse - when they build a bank on the corner - they get a lot of federal, state, and local taxpayer subsidies to build the building. Then, NOT do simple services for us like changing large bills).
It shouldn’t be regulated. Shouldn’t spend more than you have.
Here’s a guy making $25 MILLION a year complaining about CEO’s being over paid.
Doctor Goop that’s part of the problem
Worker at bottom 9.60 after 25years
He genuinely deserved it for not bringing down Bank of America. Shit would’ve DESTROYED the economy.
Christian Cedillo given a bail out for fair rates we get .50 they lend at 9.5 % I see why they are were they......
That includes CDs and personal loans after we bailed banks the rates are too
Unreasonable
Money is all fake. If people collectively decide the American dollar is worthless today, it would be worthless.
Country Wide and Merill Lynch were the headache for Bank of America. It was a great organization until they bought these business. If they stayed away, the stock would be over $200. Ken Lewis was too nice a guy for bailing them all out.
I think you can argue that ML paid off, though. Countrywide? That was like buying cancer.
Never should have bailed these thieves out.
Lexie D ? R they going to pay back the tax payer not
You ever see the video where theyre explaining default credit swaps and dude (no idea who the f it is) gets all pompous even though theyre toxic and destroyed these banks we had to bail out with like "theyre important useful financial tools" interviewer said "but didn they destroy the economy" and he like smiles and says "they're just useful tools you wouldnt understand." Theyre fuckin crooks and its the nature of these people and big business to fuck over whoever to save any penny they can to generate these big numbers for bigger payouts. Its the nature of the beast but what are we supposed to do about it ya kno. Annoying
@@mikesidewinder7482 "Are they going to pay the tax payer back" LOL
Emailed Bank of America, woman said she's out will return on 27th of august- she still has not replied pertaining to my account.
lol did you ever get a reply?
B of A is immune to the law. They get away with blatant fraud all the time.
don't want to stigmatize the the banks that actually need help? that's exactly what should have happened. the bank surely stigmatizes customers who can't make good on their loans.
Chad Evert in the end, one of those banks is still standing, we don’t know which one. Idea is if general population found out, there would be a run on the bank and the would be further damage to the financial system and economy as a whole
@@jayclark3769 this is a distinction without a difference. a run on the bank is the public realizing the bank or financial system as a whole has f'd up. it's what should happen instead of kicking the can down the road.
if someone doesn't pay their house note, the bank doesn't say here's some more money, now don't spend it all at once.
Really important to keep the rich rich
Chad Finneman really important to keep bailing them out ( how many times of a bail the we ask the to try another business because if you fail this time no bail
Look at Charlotte since this interview, it’s exploded with growth.
And now they have MLS Expansion Team as well!
Country Wide didn’t work out well for B of A.
BofA used Countrywide as a tax writeoff. 😠
RocCity Plowing & Lawncare Inc, BAC has Moody’s down graded them to Junk Status???
John F I don’t know. Good question.
It's March 14, 2023 and just a few days ago we experienced the (Silicon Valley In CA) 2nd and (In NY) 3rd Largest Banks collapsing in History. And yet the FDIC had to step in to ensure consumers get their money and will be backed by the Treasury if they run out of funds to give the consumers their money up to 250K.
Which leaves me to wonder 13 to 15 years ago when this video was made; did Bank of America pay back those funds in 3 to 5 years as he stated? Did they pay them back at all? Or did they take the 25 Million dollars received from the Federal Government to make loans to struggling consumers and small businesses, and just pad the pockets of more Executives. Becoming another situation where Main Street is robbed by Wall Street. This video is just another reminder that History repeats itself over and over again. He sounds like he was playing a game of Monopoly to include Bank of America with Merrill Lynce. I just shake my head and listen to this guy say whatever he thinks she wants to hear. 🤑
Until she asked the Multi-Million Dollar question. Do you think your job (salary) is in jeopardy. 😳 And for him to say he hadn't given it any thought let's us know he isn't concerned about feeding, clothing, housing, or providing for his family. 🤔 Because he has enough money set aside to pass along for generations to come. 🙄 That video has October 19, 2008 stamped as the date.
Dude, I don't usually comment, but let's just say I had to like and comment this video!
Nope, you didn't win in that sense. You got to be #1 not by being better, but by buying the competition when they went south. Doesn't make you the best, just lucky enough to still be standing when the dust settled. Don't smile, you're not a hero.
So let’s see....the government gives the banks billion dollars so they can loan it egregious rates. So the bank gets richer....? How about requiring banks to pay a better proportion of interest paid to depositors compared to loan rates. This is obscene.
Bank of America is terrible. I would never do business with them.
Beast from the East
I lost my sons condo Bank of America foreclosed on me I was not behind in payments but my homeowners association dues were overdue so I sent them a check and they sent it back and they forfeited my my sons and mine condo that was supposed to be my retirement home I cried I did everything I could and everybody laughed at me and said no way that was Bank of America
Put the wood Indian back and give the wood Indian a bank account. Fix
Do not waste your time worrying about this. Enjoy each day.
This sounds like charlottes web bank; why won’t government have an oversite committee to make sure bailouts go to the proper consumers rather than raises for staff. Executive comp 9.56hr
For bank failed again
BofA was the original “roll up “ king they barnstormed America and rolled up all these institutions and banked on the fact the tax payer would be the hedge of all hedges . Being small may not be attractive but being ethical is as good as gold and I don’t think they truly want to answer the question if the growth they obtained was ethical and in the best interest of shareholders of BofA . That’s my opinion
Wonder how much BOA. pays in postage, me and my wife get 4 or 5 letters a week from them, always "change to your account"
I just graduated high school when this happened one of my teacher told me my generation was fucked
He does remember. And he didn't belive that you can tell by his face an the way he speaks
1:02 what is it?
There's a movie about this. I can't remember the name. The Banks are the problem not just the politicians. This will happen again, its only a matter of time.
Do you mean The Big Short?
Anyone still watch this video?
Thieves, thieves
what a disaster. It is your patriotic duty to lend money to people already in an insurmountable amount of debt.
Praise Kek it’s someone’s decision if they want to borrow more. More money available isnt a bad thing
@@jayclark3769 imagine being this dumb
Praise Kek thought response
The people loan money to the banks. Per berth bonds. See if that is correct.
THE SAUDI'S OWN A HUGE SHARE OF B OF A .I WAS TOLD SEVERAL YEARS AGO !
1:11 love this momment
This guy is making $25M a year and still saying executives are making too much. Do you have any idea what I could do with $25M? The fact that you can make that kind of money and still not harness its potential speaks to the lackluster imagination and cleverness of the finance world.
Not all from his job he has other assets, he is a business man. Doesnt buy expensive cars etc.. puts his money where it makes more money.
BOYCOTT BANK OF AMERICA
There are NO Temporary in Government.
It's always Permanent.
Glad to know the Civil War hasn't had any lingering effects.
How many class action lawsuits have they lost since this video was released? I was a part of one..
I'm looking for Back of america near house
So the best system is to put Americans in debt and once they cant pay repo possessions back that called racketeering
Ken Lewis buying Merrill Lynch for the amount he did was idiotic.
I love America! Making money is great and i'm not even an american!
IAN DUCAO DO U MEAN:
PRINTING MONEY ?
I've paid my taxes loyal for over 40 years. Why aren't I'm getting money just for the shit of it ?
We all know how Country Wide turned out.
Merrill Lynch? What happened to Pierce, Fenner, & Smith?
Michael Woods still around
I’m here in 2021...
Paving a Road to Damnation After that Comes Hell We're on Schedule I remember the Stickers that they put on paper work when we were in Elementary School, Terrific!, Great! Excellent!, and the Scratch and Sniff Stickers .
they bought out the small banks and now make more money.they got such a raw deal oh yea.
25 million a year...i shouldn't be complaining
Don't kill Ken Lewis - a former head of Bank of America.
So we loan our selves our own money
Pretty much lol
Golden parachute? 🤨
He’s been making millions in compensation for years on end.
Meaning exit bonus with vested stock income and options contracts
You need regulation when you're dealing with human behavior and money.
Can understand the reasons behind this.
A banker who doesn't like ultimatums, go figure. They can't handle what they love to dish out. Where's the law that state's a bank's loyalty to patriotism for country? Finally, Bank of America is at least half American and not 100% privately owned by foreign private investors. The primary owners are still the wealthiest Italian family in the world. Just like the Federal Reserve is not Federal, Bank of America is truly Banco dí Italia.
This was madness
Do not forget how the banks got bailed out.
Socialism for the wealthy rugged individualism for the rest of us
They saved and became wall st.
Safe and sound
Lewis is a liar. He was fronting $ for countrywides sub prime mortgages..whic is why they had to take on Countrywides loans. Bank of America then had its own servicing...and they were unbelieveably corrupt. Their accounting looked likea 10 year old was doing it. More than 10K in errors in my mortgage account. Disgusting.
They still talking about American when someone try to find a way make more money from other west country....
wow so he gets 25 million dollars take home pay. tsk tsk
Not all from his job he has other assets, he is a business man. Doesnt buy expensive cars etc.. puts his money where it makes more money.
The Lord the Lord in the king of King so he is coming for the evil Wicked and corrupt and they will be destroyed for all the things that they have done on this Earth and to God's people be on the lookout cuz he's coming soon to come that's why in the Bible he said men do the deed in darkness so you don't see the dirt that they doing that's why the Lord is on the horizon exposing everything and everybody he said what goes on in the dark must come to the light he says no more hidden things and no more secrets the Lord says enough is enough
Bank of America is one of the worst
Bonjour j'aimerais svpl 40garsde du corps je suis côté en bourse rien que sa
N.b.c. Channel by Catalina Margaret Rael
Gready. Regular people working hard, blisters,sores on feet,tired get paid only minimum wage. He is gready,gready and gready
2008..
25 million's$, f#@n joke
Do journalists, or others know when they are speaking to an atheist?
iS tHiS sOcIaLiSm?????
I think i just felt in love
WHAT ABOUT THE J.P. MORGAN CROOKS.
It's a time bomb set to explode now
BANK OF AMERICA is now one of the best banks in the United States and the World!
BofA is much better now that Ken Lewis is gone. His handling of Countrywide and Merrill Lynch were so bad it did significant damage to the bank, the associates, and the customers of the Bank for many years after. Brian Moynihan has done a much better job at handling the bank and has done a very admirable job of rebuilding the bank from the mortgage crisis. Just before the Mortgage crisis in August 2008 Bank of America stock price was around $54 per share. After the crash in January 2009 that same stock sold for less than $3.00 per share.
Deja Vu
I love you my money
Government giving taxpayer money to banks is like giving money to a compulsive gambler.
ممتاز
Bank of Italy
Capitalism is the only way but real capitalism nit cronyism
Aint no body watch this!
Bollacks
Love you, lady.
Banks r theives
Haha
So cutee
so socialism saves capitalism? lol
Bank of unAmerican...
Safe and sound
So cutee
Safe and sound
So cutee