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Thread: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

  1. #21
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Harshaw View Post
    I've got no problem with it at all. Like I said, it's standard stuff.

    And I know Bank of America. I know how high its business standards are, because I was an officer for years. I know Ken Lewis. This wasn't some party on the public's dime. This was marketing.





    I have much less a favorable view of the crooks at BOA (no offense) and some of thier practices.



    How is spending how much? going to help them "market"? This was a superbowl party.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Gibberish View Post
    Would you either require the company to...
    1. Not spend the federal loaned money on marketing initiatives to increase their customer base
    2. Require those marketing initiatives to get public approval before they are launched.




    you are asking me to be a socialist. I do not know. Socialism is my weakness. I do not do it very well...


    They would not get the money. How about that?
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Hatuey View Post
    No...I know what he means...I'm just trying to figure out how we're supposed to measure the return on investment for something like this. If the Bank of America succeeds and gets back on it's feet, will it be solely because of this or what? What kind of standard is he setting for what is a 'return'? The return as I see it is thousands of new potential customers.





    So you are suggesting BOA went into this blind? I mean really. Lets see a thousand new customers...

    Ok that sounds like a stretch. how much did this shindig cost. Divide that by the average deposit account....


    I dunno. Seems like they could have chosen a better way.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    What's the point of advertising for new customers when probably 90% of them won't even be eligible for new loans due to tighter credit requirements? The bailout money was not for advertising, it was for freeing up credit.

    Of course, we can't know if BoA used any of the bailout money for this advertising, because BoA has not recorded or accounted for what they've done with one penny of the bailout money.

    FOXNews.com - Where'd the Bailout Money Go? Shhhh, It's a Secret - Local News | News Articles | National News | US News

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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Reverend_Hellh0und View Post
    I have much less a favorable view of the crooks at BOA (no offense) and some of thier practices.
    Oh? Like whom, and what?


    How is spending how much? going to help them "market"? This was a superbowl party.
    Advertising. Was branded all over the place. They also had reps on hand to explain products and sign up customers.

    Like I said, standard stuff.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Harshaw View Post
    Advertising. Was branded all over the place. They also had reps on hand to explain products and sign up customers.

    Like I said, standard stuff.
    Standard even in an economic crisis when they asked for and received bailout money?

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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Harshaw View Post
    Oh? Like whom, and what?
    thanks but no thanks. We (my company) went to court and won over it.


    Advertising. Was branded all over the place. They also had reps on hand to explain products and sign up customers.

    Like I said, standard stuff.


    So. Tell me how much did this cost, and how many new checking accounts could possibly be signed up.


    The standard needs to be changed when you are using bailout money.,
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Reverend_Hellh0und View Post
    thanks but no thanks. We (my company) went to court and won over it.
    Right.


    So. Tell me how much did this cost, and how many new checking accounts could possibly be signed up.
    You tell me. You're making the accusation that this was inappropriate.


    The standard needs to be changed when you are using bailout money.,
    Well, be sure to report back what you did with every penny of the tax rebate checks you've gotten yourself, so we can decide whether or not it was appropriate use.
    Last edited by Harshaw; 02-02-09 at 05:11 PM.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by dclxvinoise View Post
    Standard even in an economic crisis when they asked for and received bailout money?
    It's a standard practice for a company the size and stature of BoA at the largest media event in the first quarter of the year, yes.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Harshaw View Post
    Right.

    Indeed.



    You tell me. You're making the accusation that this was inappropriate.




    Well, be sure to report back what you did with every penny of the tax rebate checks you've gotten yourself, so we can decide whether or not it was appropriate use.




    Why? That was my money in the 1st place.
    Let evil swiftly befall those who have wrongly condemned us

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