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- Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block.
Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.
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Ra King
It would appear that the mafia, better known as the mob, took over the large banks a few years ago, and now that you know that, you can figure out the rest of the story.
Judy New Jersey
When BofA announced earlier they would cut 35,000 jobs, wonder how many will be lost in America? Why not go to India or China for a government bailout, seems that's where my job went, and I did not get a bailo ut, poor me.
Jonathan
The bailout not withstanding, if you lost your job due to outsourcing in India, that might say more about the former employees than the employer.
Kelly
Funny thing, when they started not requiring social security numbers (or other "citizen status") for their credit cards in 2007ish, that is when I pulled my account with them. That angers me how they keep purchasing, especially overseas, other banks with this "bailout" money; unfortunately, it does not surprise. I say cut all bailouts, let EVERYONE fail, and hit the reset button. Maybe that will finally be a kick in the pants to put some accountability and responsibility back into daily lives!
Judy New Jersey
After BofA destroyed MBNA in a takeover, I lost my job of 8 years to techs in Hyderabad India. Too bad for me, I hope Ken Lewis and the rest of BofA goes down the tubes, but alas, my tax dollars are paying for them to continue their tirade on America, gotta love it.
Kathy
We have become a sad country in the year of 2008. Greed is what got us into this mess. Big Banks and Big Corporations are looking for a Government hand-out. These Big Corporations had to get bigger and bigger. They did nothing for the middle class. (they charged high interest rates, they are not helping Home owners). They operate in foreign countries and could careless for the American jobs. People have to take an interest in our government and have a say what these greedy companies do too us. American wake up and demand CHANGE NOW!
Bob
BOA started their march to fame with the purchase of defaulted savings and loans at pennies on the dollar and the taxpayer paid the rest. They continue on this same march while the taxpayers take it on the chin. When BOA customers decide to return to their "trusted" local community banks we will indeed be headed in the right direction.
Patrick Norton
Bank of America "spirit rallies." "We want our associates to say, 'How do I catch their spirit? What do I do to deliver a new spirit to customers on a regular basis?" B of A come in like the Huns and say, ‘We are taking it over, you’re doing it our way.' They enjoyed generous salaries and lavish perks, from private golf course and fleets of corporate jets to yachts and vintage cars. Bank of America, based in Charlotte, N.C., is a no-nonsense, low-cost operator, it is also an acquisition machine, transforming itself from a small regional bank into a national powerhouse by imposing its will on the companies it swallowed. It has become a freewheeling spending and a secretive corporate culture that seems more like a cult, with its "spirit rallies." Senior managers of buy outs either swallowed a steep pay cut or found themselves out of a job. Bank of America, in contrast, outsourced their operating platform to Total System Services, which offered more features at a lower cost. They terminated all American workers and outsource to India and immigrants who work for lower costs. Now we are giving them a bailout to help our economy? Just have a few more "spirit rallies" and capture a few more souls; its obvious our politicians have sold their souls to you.
Pam Knight
If ever you were wondering about the character of the institutions you support, observe carefully. If you don't like it, don't support it - close your account. There are MANY more small, community banks whose character is worth supporting. Remember, think locally, not globally! Let's support one another in our own little communities.
earle
I wish that I could play "Devil's Advocate" with your peice . The only thought worth mentioning is Paulson whom is/was the "Grand Dark Knight" in deception with his deviate plans well defined with his cohorts in "Washington" to sell worthless warrants/FDIC in a knowingly soon to be Bankrupt Industry! The crimminality of it all is mind-bogglig,.. Thanks Brian
Texar
BofA also bought a bank in China with TARP funds. Why isn't this front page news? After banking with them for 20+ years, I have divorced myself from Bank of Mexico/ Bank of China... and they'll never make another red penny off of me. I feel like a PATRIOT!!!!!