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Old 08-22-2011, 08:21 AM
 
Location: The Triad (NC)
26,201 posts, read 56,468,152 times
Reputation: 28125

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The problem is less about BoA and the ordinary banking operations...
than it is about the poor ego driven executive level choices (eg: Countrywide, Merrill Lynch)
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Old 08-23-2011, 05:27 AM
 
202 posts, read 274,662 times
Reputation: 186
Quote:
Originally Posted by MrRational View Post
The problem is less about BoA and the ordinary banking operations...
than it is about the poor ego driven executive level choices (eg: Countrywide, Merrill Lynch)
Merrill was actually a great buy! Investment banking makes money, unlike countrywide which was a disaster from the beginning. And those saying this bank will be broken up are uninformed. It's too large too fail and dodo frank makes acquisitions of large firms such as boa virtually impossible to do. The bank isn't going anywhere. Certain low performing areas will be sold off as the recent foreign card business. That is not just exclusive to boa either rbi and hsbc sold off certain banking operation in this country. Oh and by the way Charlotte would be in a heap of trouble if this bank did go under not that it will but the last time I checked walmart doesn't pay the same salaries as boa does.
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Old 08-23-2011, 06:40 AM
 
6,221 posts, read 9,519,125 times
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Originally Posted by oldway View Post
Oh and by the way Charlotte would be in a heap of trouble if this bank did go under not that it will but the last time I checked walmart doesn't pay the same salaries as boa does.
Wachovia went under and still employs more folks here than BofA.
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Old 08-23-2011, 08:44 AM
 
Location: Charlotte NC
11,316 posts, read 8,718,253 times
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Originally Posted by urbancharlotte View Post
Wachovia went under and still employs more folks here than BofA.
shh... please don't post facts. The sky is falling out here. LOL.
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Old 08-24-2011, 09:05 AM
 
Location: The Triad (NC)
26,201 posts, read 56,468,152 times
Reputation: 28125
Quote:
Originally Posted by oldway View Post
Merrill was actually a great buy!
not at the price they paid when they paid it.

Quote:
...Charlotte would be in a heap of trouble if this bank did go under.
No doubt; and good luck to them with that.
Meanwhile, I'm sure glad there are other options:
BB&T Online Banking, Investments, and Insurance. Manage your personal and business finances with BB&T.
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