letters and counting!
Laid Off | 1
After you decided to horde our bailout money and not lend...my company went bankrupt and everyone was laid off. Thanks. Justin Barnett 81657
War means death | 0
I know you helped finance Obama, but he also likes war, and my son has lost contact with reality, making him another casualty of our current system of war and no jobs. All a person really needs to be rich is good food and shelter. Greed is just taking up more money than one needs, and making more poor people than this country needs--why not just throw a ticker tape parade, and use dollars as the papers used? After all, you can't take it with you when you die. Jeannie Jackson 89142
money | 0
Why can't you make some sacrifices to help this country of ours? Nancy Wakeman 95437
Dear Wall Street Executives: I am 64 and I am a quadriplegic and ventilator dependent due to ALS. When I turn 65, my long term disability benefits from my company will stop. I will have to rely on my 401k which your greedy behavior wrecked. Thanks a lot! Catherine Wolf 10536-2911
Retirees | 0
Your actions over the last few decades have caused a serious reduction in the already low standard of living of many retired people. You need to go back to banking and leave the market speculation to those most qualified. Stop gambling in the stock market, please. Fred Lacher 87111
Your Action Let's look at the record FDR passed the Glass-Steagall Act in 1933, after almost every bank in the country closed its doors. From the passage of the Glass-Steagall act until the electon of Ronald Reagan, we had virtually no bank failures of any kind. Zero. Zilch Then Reagan started dismantling the regulations of the Glass Steagall Act, and in 1988, a number of savings and loans went belly-under. In 1988, we had to spend $ 1.3 billion dollars to bail out Silverado Savings and Loan, run by Neal Bush, the son of George Bush sr. It's time to disband the big banks. Break them up. Separate banking from investing. Forbid banks from engaging in dangerous Wall Street financial products. In short, break up. If you are too big to fail, you are too big to exist. William Joseph Miller 90027
The rest of us | 0
As the banks accumulate greater profits, we are suffering from teacher layoffs, furlough days and program cuts in our public schools. We rely more and more on parent volunteers, who have had their own salaries cut, to perform essential services. My community college students are under increasing pressure, working menial jobs, taking care of family, and going to school -- even as the college cuts classes and services. And now you want to charge us ATM fees for spending our own money! Shame! T Khan 94110
Dear Sirs, I have noticed that my stock portfolio has been doing very well for the past few years since you helped crash it. At the same time the people of the USA seem to be having trouble finding jobs among other things. I think that investing in the USA will help everybody raise their standard of living. I want the society I live in to be well off. Not just a few. Damn, that sounds so simple! G. Dan Hendrick Stock holder George Hendrick 70447
Many Americans are unemployed and even homeless brought on by greedy fat cats on Wallstreet and the 1% who just refuse to understand what their immoral bahavior has bestowed on the rest of our country and the world. You know who you are, and we will hold you responsible for the destruction of our economy and Democracy. chas martin 63129
It's so heartwarming to realize those enjoying the most wealth in this country are so patriotic they can't wait to pitch in their fare share in taxes to get the country out of such a deep depression. Investments in innovation, being utilized from the record profits some companies are enjoying also gives us all hope. That fact that many of the top corporations in the country have more "liquid" in their accounts than at any other time in history, and have pledged to pour it into expansions, hiring, newly developing energy sources, and infra structure innovations, gives us all such hope for our futures. Thank you, thank you, thank you for doing so very much in the past and present to assure a continued growth for one and all, an ethical desire to "raise all boats". You ROCK! Thomas Keenan 83814-4876
My beloved parents are struggling. My father worked for HP for over 30 years, and my mother was a special education teacher for the Baltimore City public school system. They have seen their retirement savings disappear, and are now fed by a charity food program. My father cheerfully told me that next week, they will have fruit to eat again, as they had eaten their last two bananas that morning. I’m crying as I write this.
However, she was not an executive banker. She was a disabled, single mother of 2 boys. She was also a nurse for the state of Massachusetts. Her career was dedicated to caring for homeless men and women with mental disabilities on the streets of Boston. Although she worked hard her entire life and fought against unimaginable odds, she died penniless in her 50’s from Multiple Sclerosis with a profoundly underwhelming level of medical care. The level of injustice my mother endured is unfathomable to most people. To my brother and I, her life was an inspiration and a power of example. With the amount of power you have, what are you going to do today to ensure people who are weak and powerless aren’t left behind by globalization?
Hello Monica, I have been a loyal bank of america customer for over 15 years. I have never ONCE made a late payment on a credit card or a car loan. I love the convenience of working with a bank that has many ATMs all over the country, because I travel so much for work. But now I am seriously considering choosing a credit union because of two things: Bank of American is not helping people stay in their homes- please work to stabilize the housing marketing-the government helped you stabilize when they gave you money in fall 2008. See that stabilizing the housing market will good for all of us. The new 5 dollar fee for using debit cards. I live almost cashless because I choose to use my bofa debit card everywhere. I already pay you up to $22.00 a month to keep my $ in your bank and I am okay with that, but in this time it is irresponsible to add any more fees to consumers esp since you posted your profit today
Thanks for plunging our country into recession. You do know that if we the people (the 99%) are doing well and have extra money in our pockets—money that we aren’t spending on ridiculous bank fees or bailouts—then we spend that money, helping our economy… Possibly putting that money in your pockets without the hate and rage we feel now? Did you know that?
You received bail outs ($16 Trillion in total for all banks; $45 Billion+ to Citigroup), yet you have the balls to continue paying big bonuses, continue living your lavish lifestyles, and what’s worse: you continue screwing your customers (who bailed you out). If that was me asking for a bailout (for my $50,000 school loans), the government would take my car, my home, my kids AND my right arm just before laughing me out of the office. This is not fair, it’s not right, and it HAS TO STOP! PS, thanks for plunging our country into recession. You do know that if we the people (the 99%) are doing well and have extra money in our pockets—money that we aren’t spending on ridiculous bank fees or bailouts—then we spend that money, helping our economy… Possibly putting that money in your pockets without the hate and rage we feel now? Did you know that?
Interest rates | 0
Dear John, I have been a customer of WF for over 12 years. I have a PMA Account because of my total assets with the bank. In the past couple years, after being a loyal customer, my credit accounts have had their interest rates increased. My credit card went from 5.9% to 18% one month to the next (I promptly transferred the balance to a local credit union and canceled) and my line of credit has gone from 9% to 15%. I will be honest that as I start to consolidate my accounts including my mortgage, I will be moving them to local banks that are offering me better rates. The big question I have for you is why are large banks like yours that are getting 0% loans from the fed to stimulate our economy with loans raising your interest rates to the customers? Especially good customers like myself that do NOT default on these loans?
I paid off 40k of debt in 10 years on a an average annual salary of 30k (20k of which was a student loan that your bank took over). If I can do you can certainly pay back your bail out/coporate welfare.
So as a convenience to me you created a debit card in order to access my own money sitting in your vault during hours when the bank is not open for business. Great idea, love it! As a matter of fact, like millions of others I love it so much I use it all the time since you have layed off so many tellers it takes forever to get anything done at one of your branches. You even encouraged me to use it by rewarding me for not coming into the bank to do business…ok, I get the message and willingly comply. Now that I am programmed to use my debit card at every opportunity you have been allowed to lay off even more tellers, saving countless dollars in wages, employee benefits, and taxes! Hey this thing is great! But wait again…you aren’t making any money off of this “free” benefit of maintaining my banking at the now empty branch of my choice so you’re going to charge me a $5 service fee on top of the fees I already pay for the checks that you don’t want me to write (because you need an employee to process them) and the interest you make loaning out my money kept in your vault as “savings”? Reminds me of a drug dealer in a way…passing out just enough free product to create a new addicted client, then slamming ‘em with the bill when they come round for the next hit…Yo yo, homey…pass me a fresh needle…please?
Dear Cece, Yesterday my husband and I got an overnight envelope from Citibank, offering to lower our mortgage from 4.625 to 4.375 for a mere $475.00. Let’s see, our monthly payment would be reduced a little over $20. per month. It would take us approx. two years to cover the $475.00 cost. (no pressure, we have 3 days to respond) Oh but we need to resend our financials. (If you have amended your loan in the last 6 months, an additional fee may apply) (If you do not meet all of the conditions you will be notified…) We are “selected for a unique offer”. How many more were selected? I can’t help but wonder how many “offers” were being made? Citigroup get’s this “fee” “right now” multiplied by how many others… Stock gets a real “temporary” shot in the arm. But what the heck, it’s all computer generated, invisible money… This mornings’ news reported: Citigroup Reports Third Quarter 2011 Net Income of $3.8 Billion Now should my husband and I get fuel for the furnace or adjust our loan? Oh, we shouldn’t worry, we can put it on our Citibank credit card… Signed fully leveraged thank you very much, Elise Cain
Dear Big Guy, | 0
I have a small bone to pick. While you are making hundreds of thousands of dollars a year, perhaps more, I am sitting broke on a bachelor’s degree. My partner and I live off of $20k/year, struggling to get by and pay our bills. Your company has not paid taxes to the government for years. The tax money that ought to be paid forth could have aided in covering more of our college expenses, and used to provide more higher paying jobs for people like us. Also, you really shouldn’t be using corporate money to lobby politicians. A government is for the people, not for a boardroom of less than 0.0001% of the US population. So please, stop being so selfish, and think of the millions of other citizens you share this country with.
Multiple Sclerosis patient desperately needs your assistance, compassion and generosity. Thank you! http://www.msswim.com
I am high risk? | 0
Dear Brian, I have a loan account with you that I have almost paid off. I also have a line of credit with Wells Fargo (trust me, they will also hear about this). WF raised my interest rate on my line of credit from 9% to 15 %. I have a balance on there that was used to pay off some medical bills and home improvements that were sorely needed. While I have never been late with both accounts, WF raised my rates. I called you guys to see about using this loan account (which I still had open credit on) to pay off the WF loan since the interest on my account with you is 10%. I was told to reapply for that credit again. I was rejected because of too much debt and “current economic situation”, even though this loan was to pay off the higher interest other loan, thus no new debt. Plus I have NEVER been late on a payment and I do have very good credit. My question is why 1) are you guys raising fees and interest rates while 2) getting 0% loans from the fed and 3) NOT loaning out that same money the fed has given you to loan out to the very people you WANT to loan it too, customers like me that do not default?
I have finally paid off my husbands truck that was financed with your bank. I just wanted to thank you for all of the past due phone calls stating that we had missed a payment. I especially liked the harassing people on your staff that screamed and yelled at me demanding that I make the payment NOW, and post date a check that I didnt even know if I could honor a week down the road. I want to let you know that paybacks are just awful and that I tell EVERYONE that I know about your ways and your tactics and I hope that EVERYONE takes their money out of your bank and leaves you high and dry. Good day Sir…Robin
My name is Sheila Benisek. IN 2008 I was a home owner in Michigan. Happy as a lark and very responsible with my money…. just before all of this bail out stuff began, I ended up with a huge Medical Bill for an illness that wasn’t covered by Blue Cross Blue Sheild. You see I had a pre-existing condition that I didn’t know of…. Honestly. $60,000.00 later I just about died right there realising that this was like the most expnsive car payment I’d ever had. Then my Father died leaving my mom half blind and with a dibilitating bladder desease in Washington State. I had to quit by job and move home to take care of her. I had the house on the market when the bail out happened. I was just a 1 1/2 months late when it all happened and as I went back to Country Wide to pay up (got a job) They informed me that I was being foreclosed on….1 1/2 months late!!!!!! SO, 3 years later, 1 foreclosure that should not have happened with ALL of my BELONGINGS„„Pictures…you get the picture….. and just avoiding bankruptcy by the skin of my teeth. I have learned that my house (fixed 30 year) was shuffled and sold to other banks overseas who called in there loans when we bailed you guys out. I don’t hold YOU personally responisibly..or should I? The bottom line is this; You should be encouraging your bosses to turn around and start acting like REAL Americans. Thank you, Sheila Benisek
Mrs. Engel, I was a Wachovia customer since it first bought First Union and I had been happy with the service for many years. I had no ill feelings in particular for Wells Fargo and wasn’t bothered by the buyout itself. After the stock market crash, the fallout of which is increasingly shown to be due to overly risky banking procedures that made you all very rich, I decided I need to leave the big banks in favor of a smaller community bank. Why is that? Because I wanted to do business with someone who cared about my welfare at least as much as their own. I wanted to do business with people who do not gamble with my money, occasionally lose REALLY BIG, and then leave the taxpayers with the bill. That’s why. sincerely, Alex Bea