More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
'Grace Adams Cook' , is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Bank of America is trash. I paid off my car loan and still showed up on my credit. It dropped my credit score 200 points because they put the car loan under default. I made so many calls and no one would remove it from my credit. I had to get an attorney and after a day it was taken out. I hate bank of america.
The impending banking crisis, fueled by reckless borrowing and risk-taking, necessitates a proactive investment approach. As the financial sector teeters on the brink of collapse, investors must prioritize diversification, astute asset allocation, and judicious risk management. By doing so, they can minimize exposure to the crisis and capitalize on emerging opportunities, ultimately ensuring the resilience and growth of their portfolios in the face of uncertainty.
Mitigate the risks of the looming banking crisis by diversifying your portfolio with strategic stock investments. Even in the midst of recessions, astute investors can identify compelling buying opportunities, exercising prudence and informed decision-making. Market volatility can also give rise to profitable short-term trading prospects. Nevertheless, with cash yields presently low, now is an auspicious time to invest and potentially benefit from market dynamics, while minimizing exposure to the banking crisis.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so far.
I believe they had to sell themselves away for the bailout, basically BoA traded their shares for bailout cash which they had to buy back. So the Feds actually made money as BoA share price goes up.
@@julm7744 They didn't make the wrong gamble. The federal government did. The federal government is the entity that decided mortgage origination standards needed to be relaxed because they were excluding people... needless to say we found out that the standards were excluding people for good reason and should have been left as they were. The feds put their finger on the scale and we got 2008. The same way they put their finger on the higher education scale and we've got another bailout in the works. When are people going to learn that the federal government ensuring accessibility leads to problems because everything isn't for everyone?
@@julm7744 I bet you blame colleges for the price of post-secondary education too huh? Never mind that they're just rational actors responding to an incentive put in place by the federal government because voters decided, foolishly, that post-secondary education needed to be accessible to anyone too. Now we've got another "crisis" on our hands because no crisis is enough for some people to understand that the federal government meddling in markets to make things accessible will probably always end in disaster. Ultimately blame for 2008 is on voters and their elected officials for not shutting down the voters' childish, naive demand. Want to hold someone accountable? Don't vote for people who sell silly "blah blah blah for everyone" rhetoric. Nothing works for everyone and the federal government has no real power to make that happen.
@@julm7744 It's a political issue because a federal policy sent us careening down the hill into disaster. If you want to hold the appropriate people accountable as you say you have to do root cause analysis. You don't get to stop wherever you feel good about your supposed culprit. Now does it matter which laundry you vote for? No because in this case it was a bipartisan screwup.
@@julm7744 Root. Cause. Analysis. Why did the fed go on a money printing spree in 2020-2021? Oh that's right. Because the federal government, at the behest of voters, went on a welfare spending spree. You keep wanting to make this a red vs blue thing when 2008 was bipartisan as was your newest example. The electorate is the issue followed by politicians that kowtow to that electorate, deal with inevitable consequences later, and spin their screwups to be the fault of other entities like the fed, or banks, or colleges, etc. Charlie Munger said "Show me the incentives and I'll tell you the outcomes." Who really controls the incentives? The federal government. Although you might not have had the opportunity to vote for Powell the American electorate did vote for the blue and red people who nominated and confirmed him for both of his terms as fed chair.
Love to hear these banks getting bail out and not having to pay it back and seeing them make record profit and keeping all of it while they fired all the lower wages employees and their leaderships keep getting ridicious bonuses after bonuses.
@@Guerrilla727 Remember when the government decided homeownership was for everyone and that banks needed to do their part to make that happen? It worked out kinda like when the government decided post secondary education was for everyone and it needed to be the bank to make that happen...
I generally agree with your sentiment but BoA did pay its loan back. In a capitalist economy, a company should fail if it doesn’t manage its finances correctly. We hate helping the poor directly but for some reason we had no issues with a socialist loan to a company in a free market economy. Make it make sense.
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27k this month. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve.
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a professional
I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. They specialized knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilizing risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
Moral of the story: Invest to become big enough so that the government has a reason to bail you out, in case of failure. They're not gonna let a giant take down a huge chunk of the financial industry. The impact would be too important on the American economy.
@@christopherjones2669 and who paid the gouverment? not the banks but family with their income, sales and property taxes... so whats your point exactly?
I have worked for B of A for 16 years in the mortgage sector and it was scary working there during the mortgage crisis. I was severely worried about losing my job during that time. It wasn't nessesarily B of A's fault but the acquisition of Countrywide and Merrill Lynch and their mortgage portfolio that brought so much trouble to the bank. But they have been extremely smart since then with their lending practices and they do take care of their employees! They have portfoliod most there lending but where extremely conservative in their underwriting practices. This has allowed them to make huge profits off their mortgage portfolio but also doesn't put them at risk.
It’s largely because their return on assets is so low. I agree, they are a Megabank. But they’ve never been able to come back from the financial crisis. They’ve scaled down their global operations, and sold off a lot of their branches. BofA came back hard as ever. Compared to BofA, Citi is still just surviving. They do have a lot of accomplishments though.
most of their income comes from interest income and investment banking not overdraft fees. overdraft fees resemble a small % of their revenue. just read their 10K Investor Report. It says there
@@mykalnorbert1592 overdraft fees just to be 35 dollars. They lower them to 10 dollars. That’s a big difference now. Almost every bank will have some kind of overdraft fee charged
Plus random 'policy changes' without grandfathering you in to the original agreement. Now you're potentially responsible for fees that you didn't sign for.
1. The original immigrant situation and bank of italy is something important but why did the other banks deny immigrants if they have all their immigration papers in order? 2. Today any banks allow immigrants without worry so the situation in #1 is no longer a problem. 3. I am against bailing out big banks and people should be withdrawing their money from banking companies that lost their way and only support the higher ups at the cost of everything else.
It's funny this video was posted shortly before customers realized their funds were being withdrawn from their checking accounts without permission. BoA appears to be enacting a "Bail-In."
BofA, who I used to work for, had a more colorful history and better name. They were also roughly the same size as NationsBank. It was a misstep on the BofA executives part to not wield more control of the merger that at the time was billed as a merger of equals.
Nothing on the prevailing mood that led up to the 2008 financial crisis. Economies around the world had been stable for a long time, we thought it wouldn't end
I wish the finance minister of Ghana 🇬🇭 , Ken Offori Atta the cousin of the president of Ghana, Akuffo Addo had seen this before closing “struggling” banks in Ghana
Those banks were going in the direction of Lehman Brothers and Bear Stearns and Ghana was not in the position to bail them out.They had to merge or die.
Bank Of America Are A Good Bank 🏦🏦 They Not Giving Bank Of America Their Credit And Dues!! By Helping People In Need 💵💵. I Hope Bank Of America Grows And Grows 2023 And Beyond.
Unfortunately, there is some inaccuracies about where Bank of America was at in 2008. I was financially sound to the point where it started by the government take over country wide mortgage and Merrill Lynch
It will be interesting to see how a higher interest rate world does to US banking. Since the 08 crash, the banks could access near free cash (from near zero consumer deposits before fees) and QE free cash to boost share prices and share buybacks to do the same. Now consumers might ask why their savings are not earning more especially as inflation eats into any bank interest returns. QE will end and that MASSIVE amount of central bank lending will have to reverse. This will dampen share prices and end the free government money tree. Then there is the ever larger world appetite for gov debt (and gov spending plans are not falling). Its surprising that so many megabanks are still so reliant on their home market and so few have spent it on foreign M+A even in adjacent countries. Share buybacks are a sign of no idea what to do with the profits and c-suite ways of boosting bonuses based on share performance. Lending credit to these banks is probably not profitable at all. Why no acquisition of even smaller banks in other nearby countries (canada/Mexico must be somewhat profitable) that would not attract anti-trust blowbacks. Remaining a big player in the home market means assuming your home economy grows - one egg in one basket (and that assumes no stronger competition). Branch costs are falling as users do it all online (more profit) and there is still options for selling other fin services and buying any fintech (post market "crash") leaders.
Getting approved has become pretty messy nowadays especially when you got bad credit history. I discovered the ad of a loan company “credit-synod" which gives personal & business loans to people at very low interest rates. I got about 38k and they could assist you too.
What are BoF's profits in Q3 and Q4 from 2022, compared to 1122nd BC, or AC, whatever your choice is! The data for 2008th is available for everyone, could you make an analysis of something we do not expect to hear?
This a written for CNBC propaganda piece, not journalism. At 11:05, right before the end, there is a tiny disclaimer which you should read. At least CNBC placed that in there. If viewed on TV you wouldn't have had time to read it..
How? The U.S. poor & middle class Taxpayers bailed BOA's big butt out. Just like they do with everything else. It's about time for them to start putting them first.
Credit Unions are non profits. Their finances are always murky, their board of directors get massive salaries, while their greed through the credit union goes unchecked. They are bigger thieves than most banks.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
'Grace Adams Cook' , is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Bank of America is trash. I paid off my car loan and still showed up on my credit. It dropped my credit score 200 points because they put the car loan under default. I made so many calls and no one would remove it from my credit. I had to get an attorney and after a day it was taken out. I hate bank of america.
The impending banking crisis, fueled by reckless borrowing and risk-taking, necessitates a proactive investment approach. As the financial sector teeters on the brink of collapse, investors must prioritize diversification, astute asset allocation, and judicious risk management. By doing so, they can minimize exposure to the crisis and capitalize on emerging opportunities, ultimately ensuring the resilience and growth of their portfolios in the face of uncertainty.
Mitigate the risks of the looming banking crisis by diversifying your portfolio with strategic stock investments. Even in the midst of recessions, astute investors can identify compelling buying opportunities, exercising prudence and informed decision-making. Market volatility can also give rise to profitable short-term trading prospects. Nevertheless, with cash yields presently low, now is an auspicious time to invest and potentially benefit from market dynamics, while minimizing exposure to the banking crisis.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so far.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
The advisor I use is Rebecca Noblett Roberts she's verifiable , so you could just search her.
How did they come back? Off the back of American taxpayers bailing them out
I believe they had to sell themselves away for the bailout, basically BoA traded their shares for bailout cash which they had to buy back. So the Feds actually made money as BoA share price goes up.
@@julm7744 They didn't make the wrong gamble. The federal government did. The federal government is the entity that decided mortgage origination standards needed to be relaxed because they were excluding people... needless to say we found out that the standards were excluding people for good reason and should have been left as they were.
The feds put their finger on the scale and we got 2008. The same way they put their finger on the higher education scale and we've got another bailout in the works. When are people going to learn that the federal government ensuring accessibility leads to problems because everything isn't for everyone?
@@julm7744 I bet you blame colleges for the price of post-secondary education too huh?
Never mind that they're just rational actors responding to an incentive put in place by the federal government because voters decided, foolishly, that post-secondary education needed to be accessible to anyone too. Now we've got another "crisis" on our hands because no crisis is enough for some people to understand that the federal government meddling in markets to make things accessible will probably always end in disaster.
Ultimately blame for 2008 is on voters and their elected officials for not shutting down the voters' childish, naive demand. Want to hold someone accountable? Don't vote for people who sell silly "blah blah blah for everyone" rhetoric. Nothing works for everyone and the federal government has no real power to make that happen.
@@julm7744 It's a political issue because a federal policy sent us careening down the hill into disaster. If you want to hold the appropriate people accountable as you say you have to do root cause analysis. You don't get to stop wherever you feel good about your supposed culprit.
Now does it matter which laundry you vote for? No because in this case it was a bipartisan screwup.
@@julm7744 Root. Cause. Analysis. Why did the fed go on a money printing spree in 2020-2021? Oh that's right. Because the federal government, at the behest of voters, went on a welfare spending spree. You keep wanting to make this a red vs blue thing when 2008 was bipartisan as was your newest example. The electorate is the issue followed by politicians that kowtow to that electorate, deal with inevitable consequences later, and spin their screwups to be the fault of other entities like the fed, or banks, or colleges, etc. Charlie Munger said "Show me the incentives and I'll tell you the outcomes." Who really controls the incentives? The federal government.
Although you might not have had the opportunity to vote for Powell the American electorate did vote for the blue and red people who nominated and confirmed him for both of his terms as fed chair.
Love to hear these banks getting bail out and not having to pay it back and seeing them make record profit and keeping all of it while they fired all the lower wages employees and their leaderships keep getting ridicious bonuses after bonuses.
5.1 million American families lost their homes.
exactly!!! I'm so happy this is the top comment. we've socialized the banking system
@@Xinyouting HA!! He thinks we have a free market! Everyone point and laugh
@@Guerrilla727 Remember when the government decided homeownership was for everyone and that banks needed to do their part to make that happen?
It worked out kinda like when the government decided post secondary education was for everyone and it needed to be the bank to make that happen...
I generally agree with your sentiment but BoA did pay its loan back.
In a capitalist economy, a company should fail if it doesn’t manage its finances correctly. We hate helping the poor directly but for some reason we had no issues with a socialist loan to a company in a free market economy. Make it make sense.
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27k this month. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve.
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a professional
I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. They specialized knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilizing risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
Do you mind sharing info on the adviser who assisted you? I'm 49 now and would love to grow my stock portfolio and plan my retirement
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Moral of the story: Invest to become big enough so that the government has a reason to bail you out, in case of failure.
They're not gonna let a giant take down a huge chunk of the financial industry. The impact would be too important on the American economy.
5.1 million FAMILIES lost their homes in the 2008 recession while our government bailed out the banks.
Companies paid back 100%
@@christopherjones2669 and who paid the gouverment? not the banks but family with their income, sales and property taxes...
so whats your point exactly?
They paid it back with interest. Those people had no business getting a mortgage and they applied anyway, that's on them.
I have worked for B of A for 16 years in the mortgage sector and it was scary working there during the mortgage crisis. I was severely worried about losing my job during that time. It wasn't nessesarily B of A's fault but the acquisition of Countrywide and Merrill Lynch and their mortgage portfolio that brought so much trouble to the bank. But they have been extremely smart since then with their lending practices and they do take care of their employees! They have portfoliod most there lending but where extremely conservative in their underwriting practices. This has allowed them to make huge profits off their mortgage portfolio but also doesn't put them at risk.
Oh really? I have a question. Do they ever hire black college graduates? just asking for a friend
Awesome
@@Treysorable Oh, they need to hire based on identity? For equality at the bottom, yes!
@@Treysorable They need to hire based on identity for equality at the bottom.
@@Treysorable well they just hired.a young chinese Indonesian for.their office in Tokyo
The thought of a bank doing "good" is terrifying to me.
depends on how we define "good" wrt to a bank's performance.
whatever happens... everything comes to an end
Usually, I would agree. But in California, we have Beneficial State Bank, a small, progressive bank that does good.
The big change they undergo is to not pay any interest for any of the deposit.
why should you pay interest in deposits lol
Having a Wells Fargo employee talk about another bank losing faith and trust is just hilarious 😂😂😂.
The largest banks in US graphic doesn’t have Citibank. It’s the often forgotten megabank because of poor stock performance but it’s still a megabank.
They’re the 4th largest behind WFC. Definitely not GS.
It’s largely because their return on assets is so low. I agree, they are a Megabank. But they’ve never been able to come back from the financial crisis. They’ve scaled down their global operations, and sold off a lot of their branches. BofA came back hard as ever. Compared to BofA, Citi is still just surviving. They do have a lot of accomplishments though.
This is the exact reason I switched to BofA. Citibank doesn't have a single branch in the entire state of WA
I don't care if they are making a comeback I'm never banking with them again they're way too shady
Government bailouts with my tax money lololol.. that's how.
Well when you charge Outlandish Overdraft fees you're going to make money and lose customers at the sametime.
the overdraft fee is like 10 bucks
@@DI-uk9rj alright now times that by a hundred million acounts as a rough guesstimate. That's roughly a billion dollars.
most of their income comes from interest income and investment banking not overdraft fees. overdraft fees resemble a small % of their revenue. just read their 10K Investor Report. It says there
@@mykalnorbert1592 overdraft fees just to be 35 dollars. They lower them to 10 dollars. That’s a big difference now. Almost every bank will have some kind of overdraft fee charged
How they become sucessful? A small loan from the government
I will NEVER EVER EVER do business with BOA again. They are the worst bank in America!!
anxiously waiting for Cramers comment on BoFA
Ignore all their crimes though. Like illegal credit card practices.
Remember their $35 overdraft fee for every item over. Criminal
I hope you hold the recommended coins which are xlm and xrp ?
BoA is great, they rearrange my transactions to charge me overdraft fees twice this year!
Plus random 'policy changes' without grandfathering you in to the original agreement. Now you're potentially responsible for fees that you didn't sign for.
Maybe they should help people out now that they're doing great and everyone else isn't, since it was the peoples money that saved them in 2008
The fed owns a percentage of Bank of America. Banks have been nationalized
I think all the government bail outs using tax payer money helped a lot.
1. The original immigrant situation and bank of italy is something important but why did the other banks deny immigrants if they have all their immigration papers in order?
2. Today any banks allow immigrants without worry so the situation in #1 is no longer a problem.
3. I am against bailing out big banks and people should be withdrawing their money from banking companies that lost their way and only support the higher ups at the cost of everything else.
It's funny this video was posted shortly before customers realized their funds were being withdrawn from their checking accounts without permission. BoA appears to be enacting a "Bail-In."
maybe they should pay back that $45B bailout
BOFA is the best bank on earth, I love using it, If they manage to change User Interface of their mobile app they would be 10X best bank.
hmm, it sounds like NationsBanc acquired the original Bank of America.
It would've been interesting to hear more of the history of NationsBanc.
BofA, who I used to work for, had a more colorful history and better name. They were also roughly the same size as NationsBank. It was a misstep on the BofA executives part to not wield more control of the merger that at the time was billed as a merger of equals.
It's probably cause Wells Fargo got hit so hard, Wells Fargo actually has a much better user interface than BoA
Bank of America made 35 billion in the last quarter of 2022.
So BoA and other banks was saved by the American tax payer, so which, their profits should be for the people?
he's very active on What's Apk" messenger👇
+44
7404
246
484
Nothing on the prevailing mood that led up to the 2008 financial crisis. Economies around the world had been stable for a long time, we thought it wouldn't end
BofA didn’t say ‘no’ to 2 separate bank robbers who walked into our branch
I could careless about BOA, I'll stick with my local credit union.
I’m sure the BoA could care care far less about you.
@@mkokulan I hope you get my point, otherwise too bad
@MattyBRaps400 you're too formal
“loss so catastrophic?” That money went somewhere lol
I wish the finance minister of Ghana 🇬🇭 , Ken Offori Atta the cousin of the president of Ghana, Akuffo Addo had seen this before closing “struggling” banks in Ghana
Those banks were going in the direction of Lehman Brothers and Bear Stearns and Ghana was not in the position to bail them out.They had to merge or die.
BoFA deez nuts is obviously a pretty good comeback
Warren Buffett bailed them out personally.
Knowing this coming from CNBC, it's probably the opposite.
Does anyone know the acronym for bank of america
🤨🤨
Bank Of America Are A Good Bank 🏦🏦 They Not Giving Bank Of America Their Credit And Dues!! By Helping People In Need 💵💵. I Hope Bank Of America Grows And Grows 2023 And Beyond.
Unfortunately, there is some inaccuracies about where Bank of America was at in 2008. I was financially sound to the point where it started by the government take over country wide mortgage and Merrill Lynch
CNBC as trustworthy as Chinese state media.
No they’re not!
It will be interesting to see how a higher interest rate world does to US banking. Since the 08 crash, the banks could access near free cash (from near zero consumer deposits before fees) and QE free cash to boost share prices and share buybacks to do the same. Now consumers might ask why their savings are not earning more especially as inflation eats into any bank interest returns. QE will end and that MASSIVE amount of central bank lending will have to reverse. This will dampen share prices and end the free government money tree. Then there is the ever larger world appetite for gov debt (and gov spending plans are not falling). Its surprising that so many megabanks are still so reliant on their home market and so few have spent it on foreign M+A even in adjacent countries. Share buybacks are a sign of no idea what to do with the profits and c-suite ways of boosting bonuses based on share performance. Lending credit to these banks is probably not profitable at all. Why no acquisition of even smaller banks in other nearby countries (canada/Mexico must be somewhat profitable) that would not attract anti-trust blowbacks. Remaining a big player in the home market means assuming your home economy grows - one egg in one basket (and that assumes no stronger competition). Branch costs are falling as users do it all online (more profit) and there is still options for selling other fin services and buying any fintech (post market "crash") leaders.
This comment has aged really well.. SVB and co.. literally going after banking in the US
BOA should say no to racism, excessive fees, and practices that keep poor people poor
Uh, ok?
0:48 Wells fargo analyst talking about TRUST in banking.. ROFL
LOL
Getting approved has become pretty messy nowadays especially when you got bad credit history. I discovered the ad of a loan company “credit-synod" which gives personal & business loans to people at very low interest rates. I got about 38k and they could assist you too.
Help!!!
Funny how a bank aiming to help underbanked communities turned into such a wicked institution...
I just love you!! Classic music is life! I can work better, think better, and be grateful for life
I bought Bank of America stock at the bottom of the financial crisis! I sold it at a 28% profit. I should have held onto it!
I did too, but still have most of it.
I still have two share in it, but it’s still doing poorly.
But, you made a 28% return. That's incredible!
Don't get hung-up on hindsight.
they still have the worst customer service i could never get a real person on the phone.
People hate BofA
BofA loves people who spend recklessly
How? Gov bailout, simple answer
Tesho Efa
50 dollars I will gete
I think ppl would like to go back to having their money back in mason jars and mattresses.
Bank of America made a comeback because people forget.
How can you fail when you get a bailout every time you fail?! Socialize the losses, privatize the gains.
oh wow they got bailed out, good to know
yeah that essentially the answer.
What are BoF's profits in Q3 and Q4 from 2022, compared to 1122nd BC, or AC, whatever your choice is! The data for 2008th is available for everyone, could you make an analysis of something we do not expect to hear?
I remember 1 year ago when my friend tried cashing out 5 k and couldn’t. For 3 weeks!? This bank is suspicious.
Help!!! Emergency!!!
Bank of America is my bank of choice in regards to an investment, beats out JPM regarding returns/gains!
What about banking, do you have accounts with them?
If everyone decided to withdraw all their money at the same time the bank would be crippled
Well..... Daaahhh
Wouldn’t even be possible, even if everyone wanted to. A lot of people’s money is invested by the bank or out in loans
Yeah, and so would a sizable portion of the people who try to withdraw their money. Cutting off your nose to spite your face 🤣
He’s brave, good on him 👌🏽
Disclaimer at the bottom shows this positive info is brought to you by shareholders. Ask any consumer their opinion and youll hear something different
How did BoA come back? The American taxpayer bailed them out (against our will).
I still get checks in the mail for all the class action suits against Countrywide (acquired by BofA for a ham sandwich)
$475 million $1 million $78 million $3 million
I don’t believe they are not still on the brinks. No pun intended
A Wells Fargo analyst accusing BofA of mistrust is quite the irony. Hi pot 👋
This a written for CNBC propaganda piece, not journalism. At 11:05, right before the end, there is a tiny disclaimer which you should read. At least CNBC placed that in there. If viewed on TV you wouldn't have had time to read it..
Bofa deez nutz. Gottem.
Even CA unemployment benefits the gov chooses it for processing benefits.
Their comeback was in fees they charge.
its very simple stealing other people money
No way
This Mike Mayo guy blinks way too often. 🤖
BANK OF AMERICA is now the best bank in the world!
Help!!!
As I see it you still can not trust them.
Bank of America has terrible customer service
BofA DEEZ NUTS
dude i was dying at the title and hoping to find someone who commented about this
@@skunk0 I was legit so confused that I couldn’t find one so I had to do it
How? The U.S. poor & middle class Taxpayers bailed BOA's big butt out. Just like they do with everything else. It's about time for them to start putting them first.
Banks were a good thing in the past, but that time is long past. Credit Unions are a far better deal
Facts! Credit union are better
Credit Unions are non profits. Their finances are always murky, their board of directors get massive salaries, while their greed through the credit union goes unchecked. They are bigger thieves than most banks.
When do they payback us tax payers back?
What's bofa
Bofa dem bailouts
Amanda Campcell
Cutting back on customer service helps a lot. 😅
BMW-7 auto mobile winning awards uk 2020.somboon
What is cessess.
CEO Brian moynihan
Somboon polsuk in thailand
Bail Out Money
Disappointed at the lack of DEEZ NUTZ jokes around here smh
This episode had impressively good guest experts.
Two words, bail out.
And quantitative easing
who borrows from boa? Berkshire subsidiaries? commercial real estates?
I didn’t hear anything about AZ600 it’s giving bot bish 😅😂😂
I filled out for a credit card never heard a word from them what's up with that
Bank of America closed my account and took $34,000 and will not tell me where my money is.
How about paying back the public then
I have invested on presale, we will see I am also very confident this will be easiest 100x.
It's sad government keeps touting free market yet is quick to jump in to save big business but let's the ordinary guy's business go bankrupt.
Bofa deeze nuts
One of the most corrupt and unethical corporations around.
Charging people more fees is what they did.