This company needs to be punished for its out of control outsourcing of US jobs to other nations. It has been a huge part of the reason that the US economy has collapsed and that there are millions out of work. They would rather throw US workers onto the street and hire CHEAP labor in India than employ US workers and keep tax revenues in our cities, our states and our nation.

Also, their involvement in making it easy for ILLEGALs to send CASH to Mexico by way of their “SafeSend” program is another WONDERFUL program against the US.

This bank is not looking out for the best interests of the U.S.A., and not the shareholders either (just ask anyone who owns stock in it right now), but instead is only looking out for the wallets of the CEO and its upper buffoon management.

Screw BofA and I hope that company, as well as many other companies like it, collapses. There are plenty of other banks to sweep up that dust. It wouldnt be missed one bit.

If Visa and Mastercard are blocking transactions, then all the check cards are shut down, but PIN based transactions would still be open. It may be BoA that is blocking those and that is what they are talking about.

I don’t think that they can block paper checks presented via the banking system for ANY reason other than NSF. BUT it’s possible that they would DELAY their processing to the legal limits which I believe is 10 days or something like that.

Of course they would also be blocking direct Wire Transfers…

BUT BoA and many other banks are screwing a number of thier customers non stop, and noone seems to be doing anything about that. The banking industry in general has strayed away from century old accounting practices of posting transactions as they are received. Some banks post transactions as they are received UNLESS you are going to go negative, then they process largest to smallest to maximize the over draft fees. Then others just post largest to smallest every time in hopes of maximizing OD fees.

Anyone that does a large number of transactions daily can look at their statements and see what I am talking about BBVA Compass Bank does it all the time. There is no way that my transactions ALWAY get to the bank largest to smallest. So how is it that EVERY statement processes it that way?????

As for BoA, I banked with them in the 90’s, and after they spend 3 months “investigating” a $2800 lost cash deposit and determined that they never got it even though I had their receipt, and they had me on film walking into the bank to make the deposit at the time of the deposit receipt, they could not produce film of me at the teller even though there was a camera directly pointing at the teller…

Needless to say after taking a $2800 loss along with the associated fees involved, I will NEVER bank BoA or any bank that they aquire in the future… No matter how many times I have to change banks.

A right to a job? Maybe not a right but an expectation, a good will effort. There is a contract between the American people and corporate America. Companies are given legal rights and tax breaks by our government (using American?s money in the form of taxes) and in turn provide employment. Companies have been breaking that contract with Americans and if they continue, things will not go well.

In the past, manufacturing was off shored and the argument was it would make companies more competitive and would create jobs elsewhere, that off shoring would create more jobs than it eliminated. Then back office positions were off shored. More and more positions were eliminated, new companies that sprout up implement lean hiring practices and off shore many positions themselves. By doing this, the creation of jobs never materalizes. Tax credits and bailouts continue (funded by the American people) but job creation doesn?t happen.

Henry Ford recognized that if American workers are not paid suitable wages, they can?t buy products. Consumer spending drives the US economy (responsible for 70%) so until the job situation in America improves our economy can?t recover.

As for the free market, capitalism and other issues, our government attempts to tilt the playing field in our favor, as does other nations. Is it fair that our companies pay for health insurance while in France health care is paid for by the Govt? Is it fair that while our companies are bound to pay for the clean up of rivers while in China, their two largest rivers will soon be considered ?dead.? There is no level playing field, and the contract between companies and people is breaking.

Break a contract and expect what? Why should people that have no vested interest in companies support bail outs or tax breaks? With no vested interest, why should Americans support patents, copyright, trademark law?

Pull hope and a lot of bad things begin to happen. Don?t expect people to leave the country and move to places like Mumbai or other places with lower lifestyle levels, expect our cities to turn into places like that.