Bank of America Protest/Boycott: Stop Bank Abuse

The American public is tired of the way the banking industry is abusingboth customers and non-customers in moving toward a fee-based businessmodel. Banks are charging outrageous fees and employ questionableaccounting practices and abusive policies toward the public andcustomers in an effort to maximize profit. This is true of most banks.

The banking lobby is very powerful with most persons relying onpoliticians to protect their interests. As long as the lobbyists haveaccess to the bank coffers and the politicians ear, this will nothappen. Even in the current crisis the banks helped bring on....

There is only one way to make a change.

We will be asking the public to Petition/Boycott/Pickett Bank ofAmerica.

The focus of this nationwide Petition/Boycott is to effect change onALL banks by forcing a change in the way the largest bank in Americaconducts business.

This petition and boycott is looking to effect change in all Banks bytaking on the largest bank in America, Bank of America, A majorcontributor to the current crises (MBNA/Countrywide Financial/MerrillLynch).

Bank of America received $20 billion in federal bailout from the USgovernment through the TARP program on 16 January 2009 and also got aguarantee of US $118 billion in potential losses at the company.

But after receiving billions in aid from U.S. taxpayers, the nation'slargest banks say they can't track exactly how they're spending themoney or they simply refuse to discuss it.

It's something any bank would demand to know before handing out a loan:Where's the money going?

Nearly every bank the Associated Press questioned -- including Citibankand Bank of America, two of the largest recipients of bailout money --responded with generic public relations statements explaining that themoney was being used to strengthen balance sheets and continue makingloans to ease the credit crisis.

The public DEMANDS accountability from any bank receiving federalmonies. As a recipient of our money, this also makes us a partner. As apartner, the public (that helped save your company) demands to betreated fairly...

The Public demands an end to Excessive fees, Questionable accountingpractices and abusive policies forced on us. These demands apply to ALLbanks.

As a signer of this petition, we DEMAND from Bank of America and ALLbanks:

1. A FULL accounting of where and how our bailout money is being used.

For customers and the banking public, we demand a change in the wayyour bank conducts business. Signers of this petition expect:

2. Check reconciliation from lowest to highest dollar value to preventexcessive fees should customers make a mistake.

3. Reduced/Sliding NSF Fees - No more $35.00+ Fees for a .60 centoverdraft (example).

4. No unauthorized overdraft loans without customer consent. Clearlymarked opt in/opt out. Don't authorize a charge to my debit cardwithout my consent if the balance can't cover it.

5. No charges for non-customers to cash YOUR bank checks.

6. Reasonable fees on ATM fees and electronic transfers to coveroverdrafts.

7. A stop to any "Hidden Fees" behind fine print

8. Whereas you consistently penalize customers for every small mistakewith fees, you give nothing back to the customer when you makemistakes. Even if the customer must pay third parties because of yourmistake. This is a practice that MUST STOP.

The signers of this petition agree that major changes need be enactedand will not do business (except on an as-needed basis only) with Bankof America (including MBNA and B.O.A. Credit Cards) as well as futurecar loans and home mortgages until Bank of America changes theircurrently excessive fees, questionable accounting and abusive policies.

Respectfully,

Robert G. Seketa
StopBankAbuse.com
A Nationwide Boycott of Bank of America



CHANGE: One bank at a time...