Mailbag

Check out all the great letters everybody is sending to their new friends in the 1%. If you haven’t gotten yourself a pen pal yet, what are you waiting for? It’s lonely at the top. Choose a pen pal and help a banker feel just a little closer to the rest of us!

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  • It's been a good run | 2  

    To: Brian T Moynihan, Bank of America
    Sure, you have an important job to do, and you probably do it well. And you get compensated for it and live very comfortably. You must have the jet, the boat, the second and third homes, the Jimmy Choo shoes for your wife and the Prada clothes. They are necessities and by golly, you earned them. Oh, and you have a lot of lawyers and accountants to make sure that you don't pay very much in taxes. That's helpful, too.  So, its important that your bank has a lot of cash for itself, not for loans, but just sitting around. That's why you raised your fees, right?   Well, most everyone I know (we're in the 90% bracket, I think), feels that you have done an enormous disservice to your customers and to yourselves. Creating that fee for debit cards makes you look like Scrooge (or worse - - maybe Marie Antoinette) and really truly enrages all of us little folks. We all hate you now.  What could you have done instead? What will you do now? I imagine you will do nothing. Being rich means you don't have to pay attention to what is happening to the other  99 percent. But at least we are paying attention to you now, and not in a good way.
    
    Sincerely,
    
    Closed my BOA account today
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