Tuesday, May 4, 2010

No More Mr. Nice Guy

Bank Of America Fails in Adopting PROC-7. Customers Are Urged To Close Accounts.

That’s right folks. After 90 days of our attempts to coerce Bank of America to change its policy from one of greed to one of gratitude, the bank has failed to take action of any sort. In short, Bank of America has now clearly told us through its inaction that it does not care about its customers, our wishes, or our individual or collective well being.

All we have asked the bank to do is end its predatory practices and give back to the community it has robbed, especially now as we all try to work our way through the hard economic times that Bank of America had a significant role in creating. They have shown no remorse for their recklessness, nor for their greed-fueled practices. The billions upon billions of dollars they have wrested from our accounts are apparently not sufficient to them, as they continue to exploit us for our money. And to add insult to injury, Bank of America has produced a new line of television commercials filled with partial truths in order that they may try to win over a new crop of suckers. I call these commercials “TOC’s” as they are nothing more than Truckloads Of Crap.

Q) So what now?
A) Well, I do not believe PROC-7 to be a failed endeavor. I believe we did not reach enough people in time for the 90 day deadline, which I originally thought would provide sufficient time for us to rally the support we needed. Apparently not. But that’s OK. The Proclamation is out there, and there’s no reason we need to extend the deadline. Bank of America knows it exists. The time period for Bank of America to comply is now passed. They failed to meet us even part way by the deadline. There is no grace period, therefore we bail.

You see, we do have to be people of our word. The original Proclamation allowed that, should Bank of America do the right thing and start adopting the demands in PROC-7 within the 90 day period, we would reward them by returning our business and our money to them, otherwise we would take our financial support elsewhere. They did not, and thus we are no longer obliged to return our funds to them.

Bye-bye BofA! You had your chance and you blew it.

Over the last 3 months a few people told me they thought that it was too much work to dangle our cash in front of them like carrots to get them to change their evil ways. (too much work???) Instead they said they would rather pull their money out of BofA’s vaults and be done with the corrupt institution once and for all. Well, that may or may not have worked against our movement. I don't know. But now that Bank of America has clearly confirmed that they do not have any intention of changing their abusive policies, we who have been holding small sums of money in the bank pending the outcome of this experiment may now close our accounts.

Please do this right away. And please also continue to spread the word that the thieves running Bank of America have no desire to make banking with them a pleasurable and mutually beneficial experience. Please implore all of your friends, relatives, and acquaintances to close their accounts. And, please also encourage them to deliver copies of the new proclamation when they close those accounts. PROC-7 is not dead. We’re just going to have to play hardball with it. A revised version of PROC-7 will be posted shortly, which will contain more demands without any further deadlines. It will also be more generic so that you and your acquaintances may use it with any bank, not just Bank of America.

The banks as a whole, including all of Wall Street, must learn to respect us. They must learn that there is great value in respecting us, even if it means that their respect for us is borne of the fear that we can destroy their industry if we get angry enough. We have only begun to tap our collective power here. I fully believe that an ongoing campaign to withdraw our money from the corporate banks will eventually have a positive outcome for us all. For those of you who have been sitting on the sidelines and haven’t pulled your support from Bank of America, I must ask… how much more proof do you need that the bank is a corrupt organization hell bent on bleeding you dry? Are you seriously OK with supporting the obscenely lush lifestyles of your bank’s execs and investors while they would rather you have to eat mac ‘n cheese from now until you die? Would you really rather be in debt to these people for the rest of your natural life? Or would you rather have more of your earned money in your pockets so that you could enjoy the things and experiences YOU want in your life? The power to change things lies squarely in your hands. Go from being victim to victor. We’re here to help you. Close your Bank of America account today so we all can share a more prosperous future tomorrow.

Oh, and when you do get around to closing your BofA accounts, please give them the new Proclamation if the spirit moves you. Repetition is, after all, the mother of learning.

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