Do you think that the national boycott of Bank of America is working in view of today's announcement?

Question

http://biz.yahoo.com/ap/071024/bank_of_america_job_cuts.html
Bank of America Corp. said Wednesday it will eliminate 3,000 jobs, an announcement that came less than a week after the nation's second-largest bank reported a huge drop in earnings for the third quarter.

http://www.bankofamericaboycott.com/

Who do you think that subprime mortgages were directed at?

Answer 1

I MOST DEFINITELY think it's a direct result of the boycott.

You don't honestly think Bank of America would come out with a public announcement ADMITTING that a boycott against their company for pandering to illegal aliens is the reason for their layoffs??

Answer 2

It would be nice if it was, but it was more about liar loans than the boycott. Liar loans are those loans that were granted on the say so of the applicants and the income, credit, or employment were not verified. But then again maybe many of those loans that defaulted were given to illegals. A good many of their loans were in California and Texas

Answer 3

Since other banks that were not boycotted also had major drops in earnings and/or profits (what is the difference anyway?), no, I do not think the boycott was the cause of BofA's problems.

Answer 4

You forgot to mention Wells Fargo!! I hate going there with all of the signs in both English and Spanish! They are also catering to the illegals as well.

Answer 5

If they are losing money and their direct competitors aren't I'd say you have a good case.

Thanks for the good news for whatever the cause!

Answer 6

Well, they are giving away credit cards to illegal aliens.There is a saying among financial regulators that some financial institutions are "too big to fail."

Answer 7

Gee....ya think all those loans to the Illegal Aliens are really getting paid back monthly?

Answer 8

No, I think that has more to do with the sub-prime mortgage debacle.

Answer 9

citibank too.