Dear Dirty America


BofA’s Incensed CEO

October 26
15:25 2011
Jillian Berman writes:

Bank of America CEO Bryan Moynihan says the public needs to start thinking before they criticize his company.


“I, like you, get a little incensed when you think about how much good all of you do, whether it’s volunteer hours, charitable giving we do, serving clients and customers well,” Moynihan said to employees in a global town hall meeting last week, Bloomberg reports. “You ought to think a little about that before you start yelling at us.”

See BofA’s shit in a box 

Moynihan said earlier this month that his bank’s $5 fee is justified because the bank “has a right to make a profit,” according to CNNMoney. The bank netted $6.2 billion in profits last quartercompared to a $7.3 billion loss in the same quarter of last year.

In addition to charging the debit card fee, Bank of America is using other tactics to raise revenue. The bank announced last month that it would slash 30,000 jobs over the next few years in an effort to save $5 billion per year.

If Bank of America were wiped off the planet by some heavenly bleach like cleaning hardened scum from a putrid frat house shower floor, I can’t imagine anyone in this country missing that institution or those running it.

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