• Report: #779868

Complaint Review: Bank of America Fair Fund

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  • Submitted: Thu, September 22, 2011
  • Updated: Mon, October 10, 2011

  • Reported By: William — Springfield Massachusetts United States of America
Bank of America Fair Fund
Internet United States of America

Bank of America Fair Fund The SEC v Bank of America Fair Fund settlement is a rip off! Internet

*Consumer Comment: IMF POEM...

*Consumer Comment: SEC POEM

*Consumer Comment: The lawyers get the lions share of these awards

*Consumer Comment: William,

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My family owns stock in Bank of America. The SEC fined Bank America $150 million for breaking rules around the purchasing of Merril Lynch. The stockholders were supposed to be compensated for their losses from Dec 31, 2008 to Jan 16, 2009. Our family lost $79,626 in BOA stock value in this period, and the stock has not recovered. We finally received our settlement check yesterday, (Sept 21,2011). The check was for $ 352.62!

Does corporate greed win again? Or can stockholders ban together and sue?

This report was posted on Ripoff Report on 09/22/2011 07:04 AM and is a permanent record located here: http://www.ripoffreport.com/r/Bank-of-America-Fair-Fund/internet/Bank-of-America-Fair-Fund-The-SEC-v-Bank-of-America-Fair-Fund-settlement-is-a-rip-off-In-779868. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
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#1 Consumer Comment

IMF POEM...

AUTHOR: Karl - (USA)

is available at this website!

Just type in 596906 at this site and it appears in the consumer comments section at Ripoff Report #596906.

Thank You

***NATIONWIDE BANK ALERT: Don't forget to type in 453956 at this site and read Jim's Ripoff Report for valuable information if you have money invested in a CD at any of the banks in the USA.
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#2 Consumer Comment

SEC POEM

AUTHOR: Karl - (USA)

SEC POEM

Stupid Evil Creeps
That is what they are
Making lots of money
Smoking big cigar
Contact uncle Billy
Text Brenda and tell Fred
Stupid Evil Creeps
Are working for the Fed
I guess this poem's over
Autumns here- stocks fall
Wall Street is a Ponzi scheme
Controlled by BIG Goofball?

End.

Anyone can 'Google' this- MADOFF 'ASTONISHED' SEC FAILED TO ACT AFTER INTERVIEW, and read the related articles on the web.

Don't forget to 'Google' this- FRONTLINE: THE MADOFF AFFAIR, and watch it on the web.

Thank You

WELCOME TO THE SEC- WE WILL PROTECT ALL OF THE GOONS, BUFFOONS, & GOOFBALLS IN THE USA 


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#3 Consumer Comment

The lawyers get the lions share of these awards

AUTHOR: voiceofreason - (United States of America)

And trying to sue them yourself would be prohibitively expensive. In the end, investments like that are a judgment call. you held the banks shares. They made 2 big questionable purchases in that year, and for over a year before that the mortgage and housing outlook was growing negative. You as an investor had the option to sell your stock at that point, assuming you weren't an insider locked into keeping them.
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#4 Consumer Comment

William,

AUTHOR: Karl - (USA)

You might want to cash in all of your stock now. It might be a good idea to cash in any Retirement account too, because about 90% of all Retirement accounts, like 401K's & IRA's, are invested in the stock market.

You can type in 269041 at this site and read what is stated in 'Consumer Comment #3' at Ripoff Report #269041. That consumer comment was posted on August 21, 2007, which was thirteen month BEFORE the collapse of the banking system and the stock market crash in September of 2008. On September 29, 2008, the Dow Jones lost a record 777 points in one full day of trading.

Now type in 271454 at this site and read what is stated in 'Consumer Comment #1' at Ripoff Report #271454. That consumer comment was posted on September 3, 2007, which was one full year BEFORE the collapse of the banking system and the stock market.

By the way, the Dow Jones is down 315 points today at 10:28 AM EST on September 22, 2011. That means Americans are losing even more money in the stock market, and their Retirement accounts are continuing to decline.

The ones who are really in control of Wall Street and the BIG banks are not going to lose anything. The people of America are, and will continue to be, the losers.

***SUGGESTION: GET ALL OF YOUR MONEY OUT OF THE STOCK MARKET NOW!

Have a nice day.

P.S. The ones who control Wall Street know that Americans, and others, still have a lot of money invested in the stock market. They're stripping it away. Most people cannot see that. It'll continue to happen. Just watch.

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