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B of A: We Care About Privacy (When It Comes To Bonuses, That Is)
The judge who will decide whether information about those Merrill Lynch bonuses should be made public has said he'll make a decision within the week, Bloomberg reports.
New York Attorney General Andrew Cuomo is investigating the bonus awards, which reportedly total $3-4 billion. Bank of America, which now owns Merrill Lynch, has refused to disclose to Cuomo which Merrill employees received the awards, and how much each got.
But we particularly liked this argument from B of A's lawyer, Evan Davis, made to Judge Bernard Fried:
Americans care about their privacy. That matters to us because if we don't try to protect it and succeed in protecting it we'll lose them to foreign banks.
Aah yes, Bank of America: famed protector of privacy. When the subject is executive bonuses, that may be true. When its customers' personal information, maybe not so much.
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Josh
Zachary
Protector of privacy my ass. Their telemarketing machine is running full tilt. They call multiple times per day trying to sell insurance. I looked up the Toll Free number on the caller ID at www.whocalled.us and found a long list of pissed-off people complaining about the relentless calls. When they complain to BofA, they are told that it takes 12 weeks to get taken off the call list.
Bank of America: Spending bailout money to bug you on the phone to sell "products". Their "products" are part of the economic meltdown.
They can claim a "previous relationship", allowing them to skirt the Do Not Call list, because I have accounts there. I didn't choose to bank there. They took over the bank I had my accounts at.
Classy.
March 13, 2009 12:18 PM | Reply | Permalink
I'm sure Ken Lewis is a fine human being, but I just cannot look at his face without thinking, "Douche."
March 13, 2009 2:47 PM | Reply | Permalink
I'm sure he isn't -- just look at his face. Wanna fight about it?
In fact, I suspect he's a closet "socialist".
March 16, 2009 7:34 PM | Reply | Permalink
Let me be the first to start the run on BofA. I will be removing my money this weekend and discontinue all services with them, until this scum bag is gone!
March 13, 2009 5:13 PM | Reply | Permalink
Great - start a run on BofA so they can justify getting more bailout money from the rest of us taxpayers.
March 15, 2009 11:25 PM | Reply | Permalink
I have two accounts there. I will now CLOSE them on Monday. Compass bank in Dallas is a good alternative.
March 14, 2009 9:28 AM | Reply | Permalink
I really wish there were some way that I could find a bank that I don't despise to do my credit card. My options are Citibank and BOA. Does anyone else know a better option?
March 14, 2009 5:17 PM | Reply | Permalink
Try a local credit union.
They seem to be weathering this banking crisis very well.
Most of them offer credit cards - mine offers Visa.
March 16, 2009 10:09 AM | Reply | Permalink
Should find in favor of Cuomo, else there would be no way to determine possible fraud.
(The extortion from the taxpayer appears to be obvious; but that hasn't yet been found to be a crime -- unless done by someone labeled "socialist".)
March 16, 2009 7:33 PM | Reply | Permalink