Guest Post: Ten Reasons Not To Bank On (Or With) Bank Of America

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
FunkyMonkeyBoy's picture

11. It's got the word 'America' in the title. A true sign of evil. Stay away from evil.

legal eagle's picture

So categorical in your thinking.  You're a dope.

Deadpool's picture

we are all dopes...we are the 99%.

andybev01's picture

'we're all dupes...'

 

fixed that for ya.

tickhound's picture

BAC is just one part of that huge economic drain-team of welfare dependants hiding behind and protected by the false label of capitalism.

eureka's picture

HELP TBTFs FAIL - DON't PAY YOUR MORTGAGE.

Then - you can buy more consumer junk from China - isn't that what US life is all about?

nickt1y's picture

Do not pay your mortgage! Instead invest in the metals Siver, Gold, Brass, and Lead (the last 2 come together in a convient package).

beardeus's picture

How did that need fixing?

haibop's picture

but everyone wants to be the 1% - right? memory foam

Unprepared's picture

12. When you go BAC, you never come black*

 

*black as in black Friday

Ruffcut's picture

"a billion ways to leave your lover."

Ain't got no stash, Nash, ain't got no doe, joe, got too much fraud, claude. So burn the mother fucker down, clown.

Betty Swallsack's picture

I may have sped-read too fast....what number was this under:

"Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC."

Weeeee, now we all get to pay for the $79 trillion of derivatives/gambling debts/fraud.  Isn't that awesome? 

What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan.

Hmm....79 trillion divided by 300 million citizens.....$263,333 (plus compounding interest - mmmmm)....yea, you're all f'd...for at least the next 10 generations.  Okay, I was being an optimist....you're never paying that back (not that it was ever yours to ever repay, but they'll make you do so)!  EVER!  What a thought process that this all is....each newborn kid is/will be immediately indebted for life. Bwah-ha-ha-ha!

And you thought that transferring your slave wages to a credit union was going to save you? HA!

http://www.sott.net/articles/show/236509-Holy-Bailout-Federal-Reserve-No...

...and becuase you need this...this man is MY fucking prophet!

http://www.youtube.com/watch?v=i5dBZDSSky0

 

Buck Johnson's picture

This is horrible, truly horrible.  When Europe implodes, it will definitely take down the US.

Bob Sacamano's picture

Has to be ok -- it was approved by the BHO administration. 

ResFam's picture

Folks like Peter Schiff, Brandon Smith and others have the most common sense solutions to change the system... Stop participating in it! It's very simple; If you don't like BoA, switch to a credit union or a small local bank... If you don't want to be in debt servitude for the rest of your life because of student loans that benefit Wall Street, go to school overseas where education is vastly cheaper.

Thinking radically different about student loans, college, or even where you bank doesn't require a ton of effort. The establishment tries to convince you that the only solutions out there are the ones they offer. That's nonsense. If you want to make the corrupt establishment obsolete, turn your back on their corrupt system altogether and create your own.

The only way to win is to refuse to play...

 

 

ToNYC's picture

"If you don't like  the news, go out and make some of your own"

-Wes "Scoop" Nisker (1968)

Betty Swallsack's picture

Sorry ResFam, there is NO escape.  Not when BOA's gambling debts have been shifted to the depository arm, guaranteed by both the Federal Reserve and the FDIC, to the tune of 79 trill.  Going to a credit union is a 'feel-good' solution.  it'll give you the sensation the you're keeping some of of that fiat currency to yourself while it's value plummets further.

ResFam's picture

Fair enough... Then move your accounts overseas.  Buy gold or silver.  Buy hard assets.  The sentiment stands. 

I think I need to buy a gun's picture

my boy said there is a national movement growing, it smells a little bit too coordinated to me. Just like occupy half the people don't know why they are marching. I smell BAC going under and the government going to make it look like the people caused it so everyone feels good

I did it by Occident's picture

So keep buying some cheap Way OTM puts on BAC?  and just wait for the inevitalbe...

Ruffcut's picture

Shithole bank is always "under"

Under in value

Under the law

And under my sore ass. Did I mention they are also "behind" alot of shit?

tamboo's picture

"

"Follow the trail people. House of Rothschild ----- George Soros ------ Open Society Foundation -------- Tides Foundation ------- Adbusters ------------- Occupy Wall Street. There you have it. PRS ­ Problem - Reaction ­ Solution.

Now, what is this REALLY all about? Could the ultimate goal of these Satanic human pieces of excrement (AKA the Global Elite) be Martial Law imposed in every U.S. City leading then to the total financial collapse of the U.S. economy following the tried and true model of the Bolshevik (Rothschild-sponsored) Revolution of 1917?"

 

http://www.rense.com/general95/red.htm

Ruffcut's picture

Very possible.  When disinfo campaigns and market pumping no longer pacify the masses, then martial law and tyranny rule.

You getting a frontrow view, sheeples. Ignore it at your own peril. Go long and prosper on bogus financial, broke institutions. Only a moron will not predict the result.  This game has become the dual of good verses evil. Evil has the upward bias. technicals of fraudulent fundamentals backs up my thesis.

Uncle Remus's picture

I say we let this thing fester a bit longer - let it really swell up.

KingdomKum's picture

sounds like a slamdunk put play to me

Ruffcut's picture

No it don't. I've held puts for as long as these shitbags got countryshitbagnotworthafuckingdime wide.  This is not alot new info. The people should pull their cash out and kill it before it eats everything in its sights.  Give em what they have comin.

Melin's picture

Let's break the government's hold on the economy and then banks will have to earn their living honestly.

Separate the economy from the state.

NotApplicable's picture

You're gonna have to get rid of the IRS first. As long as they are able to shake-down employers and merchants, there is no mechanism for relief.

NOTW777's picture

STOP STOP with the disinformation. OWS is NOT protesting against banks. They are campaigning for obama, NWO and socialism.

How many OWS outfits have bank accounts and how many are forming corporations

Hot Apple Pie's picture

Also, they want to rape your sons, force you to smoke the reefer and make everyone a Muslim.

Quinvarius's picture

They are protesting against the banks and the socialism that allows them to live and steal.  I'm not sure what kind of nonsense you are trying to spread.

Flakmeister's picture

That would explain all the "End the Fed" and Ron Paul posters at the NYC #OWS protest I checked out on Saturday. The *only* campaign related posters were the Ron Paul people....

Quit making up bullshit and spewing it here.

Betty Swallsack's picture

Muddying the waters, are we?

UTICA CLUB XX PURE's picture

BAC?

Blood-Alcohol-Content? 

krispkritter's picture

BAC - Blood (for) Account Closure.

There, fixed it...

monopoly's picture

Everyone I know that had an account there is now gone. Worse than the Giant Squid, and that is bad.

Melin's picture

Where does "squid" originate in relation to GS?

eatthebanksters's picture

vampire squid...coined by Matt Taibbi....meaning a creature that wraps its tentacles around society and sucks out the lifes blood (or savings). I would say that's a pretty good description of the TBTF banks.  And, even thought the OWS incident in Oakland was unique, rare and possibly caused outside troublemakers, I think it's a sign of things to come.  As our President incites a class war and divides the population, nutballs will follow his example and use it to justify extreme actions. It will have a bad outcome except for one thing:  it will eventually change the way the TBTF banks do business, if not break them up.  Note to Jaime Dimon and the rest of the TBTF CEO's:  find a safe island to retire too and keep the jet engines idling.

Melin's picture

thank you. 

I have no proof but, if leftists want violence, a leftist city sure seemed happy to oblige.

weinerdog43's picture

Have a junk for such an ignorant comment.  A veteran was demonstrating and was shot by the cops.  He is(was, don't know current status) in critical condition.