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

  1. #31
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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
    In order for the company to show where it allocated the money it would have to essentially "open its books" and make its entire budget public.

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

    Why? That was my money in the 1st place.
    Right. And in the time I worked for BoA, it paid about 50 billion in corporate income taxes alone, let alone its shareholders being taxed on dividends.

    Bottom line -- it's conducting its business according to standard practice.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Reverend_Hellh0und View Post
    So you are suggesting BOA went into this blind?
    Like most marketing strategies aimed at an audience as large as the ****ing Super Bowl? YES. Doritos doesn't pay 3 million dollars a commercial so they can target people who don't eat junk food. They pay 3 million dollars so that even if only 20 million of the 100 million who watched the super bowl buy chips they buy Doritos. If 2 million after that decide they want to buy Doritos then that is a return that Doritos wasn't planning on. Seriously - the super bowl isn't rocket science. Advertise. Get old customers buying again and new customers if you can.

    I mean really. Lets see a thousand ^ new customers...
    There's a word missing there somewhere.

    Ok that sounds like a stretch. how much did this shindig cost. Divide that by the average deposit account....
    Again. Doesn't matter. New customers are new customers regardless of how you want to measure the sizes of their accounts. Banks aren't really interested in how much money you have as long as you have an account with them. They only start caring once you start putting large amounts of money into it.

    I dunno. Seems like they could have chosen a better way.
    During Superbowl weekend? Are you out of your mind?
    Last edited by Hatuey; 02-02-09 at 05:23 PM.
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  4. #34
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Harshaw View Post
    Right. And in the time I worked for BoA, it paid about 50 billion in corporate income taxes alone, let alone its shareholders being taxed on dividends.
    50 billion?

    Do you have a link please.


    Bottom line -- it's conducting its business according to standard practice.

    If this was not bailout money, fine. It was so not fine.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Reverend_Hellh0und View Post
    50 billion?

    Do you have a link please.
    They publicly reported profits of about 14 billion a year for 10 years. Corporate rates are 35%. Federal only, of course.


    If this was not bailout money, fine. It was so not fine.
    How do you know they used bailout money?

    And what's a legitimate marketing expense/campaign/event? And who made you the arbiter of it?
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Harshaw View Post
    How do you know they used bailout money?

    And what's a legitimate marketing expense/campaign/event? And who made you the arbiter of it?
    Dude....seriously don't even try this. Advertising at an event that is watched by not only 100 million people in America alone but countless millions around the world is bad - mkay? I mean it doesn't even make sense. The potential for thousands of new customers is not enough reason to spend money putting your company out there. /eNd SaRcAsM.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Harshaw View Post
    It's pretty standard stuff.
    Of course, but not when you're on your way to bankrupcy.
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    Re: Bailed Out Bank of America Sponsors Super Bowl Fun Fest

    Quote Originally Posted by Hatuey View Post
    Dude....seriously don't even try this. Advertising at an event that is watched by not only 100 million people in America alone but countless millions around the world is bad - mkay? I mean it doesn't even make sense. The potential for thousands of new customers is not enough reason to spend money putting your company out there. /eNd SaRcAsM.
    Seriously! Companies should be BANNED from advertising! Why would I bank with lots of financial services want to advertise to a massive audience of potential clients? That's STUPID. Really, getting word out about a new product during one of the largest events in television for a year is retarded. Who wants to have more customers? That's dumb.

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

    Quote Originally Posted by Harshaw View Post
    Right. And in the time I worked for BoA, it paid about 50 billion in corporate income taxes alone, let alone its shareholders being taxed on dividends.

    Bottom line -- it's conducting its business according to standard practice.
    Standard practice got us in trouble.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by Reverend_Hellh0und View Post
    This is a little excessive imo
    Well, what they should do is itemize their expenses and run them through some kind of federally appointed comptroller.

    I do think breaking banks of this Gilded Age bull**** they've made a habit of in the last decade, but as a general point I recognize the necessity of PR events.
    And why does your tone suggest that you do not care about children?

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