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Tuesday, November 30, 2010

WHAT'S BOFAS' CRISIS?

I can remember being 18 years old, almost skipping along to the local Bank of America. I had gotten my first paycheck, from the YWCA, for my part-time college job, it was about $53.95. I opened that account, and I felt like I had really entered, the "grown-up world". That was the early seventies, and since I've always come back to them. I can mark parts of my history, by my familys' activity with Bofa. My family financed, all their northern California homes, they've bought in the last fifty years with Bofa. If they had a special need they would go to them. I being a Black woman, always felt they were divers; some of my college friends, landed jobs with Bofa. I'm no banking expert, but something is very wrong with Bofa these days.

I often read that, Bofa was one of the biggest banks in America over the years. I recently read online, that they ARE the biggest. I just find it hard to believe, their current circumstances. I couldn't believe, they recieved a government bailout. How could that be? The news that took the cake, was they are suppose to be, five billion dollars in the hole? You have got to be kidding me! How could that happen? I was alarmed, and mad. I had ignored, the fact they no longer had, a diverse work population, here in a lot of their Northen, California branches. The Bofas, I frequent are mostly Asian females. I thought that was due to some type of outsourcing.

Lately, I've had way too-many errors or fraud on my checking account. And I have to get too-many transactions reversed, because they were already cancelled. Some clerk in Bofa claims, reverses it again, and takes the money back. Sometimes, it seems, like creditors work for THEM, too. Last month was a nightmare, some man, I guess, with a name similar to,"Dong", sent $6,000 through my checking, illegally. It seemed to be covered. He may know someone in the bank. I will close that account, but think they should be investigated. I can't go into the recewnt legal action, I've taken, it's in process, I hope that smooths things out.

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