Let them give me a severance I earned ten times over by spending more than a decade here so I can leave and take at least a month off to recover from this toxic place. I don't want to quit, that would defeat the purpose. But being laid off would be a dream come true at this point.
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If I read this correctly in the NY Times, $225MM is just the fines. Bank pays even more on top of that to the 100,000 consumers harmed. When will Congress require this bank to be broken up? What is most saddening is that the consumers were the unemployed, some of whom were desperate for these funds to stay afloat. And the bank's PR rep? Instead of apologizing and acknowledging wrongdoing, he barks and boasts about how great the bank was distributing relief funds. Really? Try an ounce of humility, buddy. Good grief. How about: "Senior leadership recognizes and acknowledges our mistakes and the harm we have caused. As a bank, we can do better. We do most sincerely apologize to those clients that were harmed. We're making corrective operational changes with the goal of this never happening again. We're going to make this right."
Everyone ignores that the write offs from the legacy BAC portfolio were more than those from the BAC HELOC portfolio. Cup of coffee anyone?
@@2yph+1hICkSki
Hank Paulson, the Treasury Secretary at the time, twisted Ken Lewis' arm to buy Countrywide. He also made the big banks take the TARP money as well and states this in his book.
I have been here a while and seen this dysfunctional azz company freeze regular customers accounts for d-mb shlit. I knew this would bite them in the azz sooner or later. I have seen customers that have accounts with BOA close their accounts because of the ongoing freeze they would put on their accounts. I am so happy these motherfockas are paying 225 million for their asinine business practices. BAC stands for BACKWARD AZZ COMPANY.
@2yph+1hICkSki - hard to separate Countrywide because Ken Lewis also grabbed the bankrupt Merrill, so employees, shareholders and taxpayers paid (and paid and paid) for it all. Hubris and greed with zero focus on actually serving clients well.
How much did the Country Wide debacle cost us? We have a long history of dysfunctional CEO's and upper management.
I am not surprised that BOA had to pay 225 million dollars for their stupidity in freezing people's prepaid cards. This company is a Backwardz Azz Company like I said before. They probably have paid over billion in lawsuits in the last 20 years or so . This ranges from the discrimination lawsuits and the mortgage lending lawsuits. This company is going down the shlitter quickly.
Post from TheLayoff.com
That’s because there is no one left in fraud and they have to hire off the street.
First of all, who the fuhk is this shlithole company going to layoff? Do these mutherfockers know that most of the employees in this bittch want to get laid off and collect a severance package? This company lacks leadership and most of the people I know are just halfazzing their job everyday until something better comes along. The low azz pay increase and the asinine RTO are the main reasons people want out of this shlithole.
@1ugy+1hICkSki - Brian IS a lawyer.
The $225MM was def considered a win. Expected, provisioned, snore.
Yes yes yes and freaking yes!!! I have been here over 25 years and wish every day for a severance. In the past I saw others getting them and wanted them to pick me!!!! I won’t be considered because I am a top performer. So really the poor performers are rewarded and if you are a great employee you just have to walk away wth!!!
No chance for layoffs in fraud. We are still adding more training classes for newbies. No package for me.
BAC has coughed up over 80B in hundreds of settlements over the last 20 years. A 225M settlement is probably considered a win. Maybe Brian should hire better lawyers. All the ethics training not seeming to work.
Why would anyone investment, borrow or bank with Bank of America reading all of these posts? Nothing but unhappy workers who don’t follow rules, only care about RTO, and have made it known of a drop in work efforts to retaliate. I surely would not put into or borrow a dime with this bank under the circumstances. You all should be afraid for your job at this point, because the job market has taken a crash and all of this give me a severance package BS will be a huge regret. Get it together. Such entitled brats!
$225MM is nothing to mngt. Dismissed with a wave of the hand in the air by an exec earlier today. Maybe add 1 or 2 more zeros to get their attention.
Agree will come off the employees, not mngt or shareholders.
Wow in one day fined $225mln and saw another article about it being the best European bank. That’s funny.
3rd quarter get ready.
Oh yes, your eish will come true but maybe not with a severance or a reduced severance. BoA just got fined $225 mililon dollars. Where do you think BoA eill get that money? From its employees.
You might get your wish after 2nd quarter earnings come out.
i wish, but i bet the strategy is to make people miserable enough that we leave on our own, so they don't have to pay out anything and can hire replacements cheaper.
I feel the same way about leaving this shlithole. I can't stand the phony azz micro managing that is now going on in this company. These mutherfockers are now trying to get you on shlit that they never cared about before. I know this is all a game to frustrate you so you can quit. I am not going to quit but plsy the fuhking game with them.
https://apple.news/AtHsVWN6US5Sx_X_rBj_BEA
There would be a line if people were given that option. Then SLT can do the job.
YES! Absolutely a dream come true!