Bank of America loses a million customer records

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Nothing will ever happen to them as a consequence, either.

This is just another case of a monopolistic cost-cutting banking behemoth putting customer security and privacy secondary to their profits. Actually, customer concerns come in dead last to all others, with idiot banks like B of A running the show. Why anyone with an ounce of concern for their privacy, security, and financial well-being would continue to do business with those fools is simply beyond comprehension. Security takes time and money, and B of A simply couldn't be bothered to expend enough of either. All million customers will probably be victimized by identity thieves somewhere down the line, and B of A will bury them with bogus overdraft charges and phony lines of credit, expecting payment in full immediately or turning them over to collections. This is how banking in this country runs nowadays, and the consumer is without any recourse whatsoever, given Bush and his cronies demonstrated fondness for favoring businesses over consumers. Expect more of this garbage, not less. It's only a matter of time before frauds so massive that it's unparalleled in history will bury the economy of the US, and only the big money boys will escape unscathed. Everyone else will be reduced to impoverishment, which is exactly what they want. Isn't it just a little ironic that identity thieves use the very banks that they defraud to deposit and transit their ill-gotten gains? Makes you wonder about the degree of cooperation they get from said banks, eh?

Posted by: thetwonkey   Posted on: 02/26/05 You are currently: a Guest | Members login | Terms of Use

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