Will boycotted Bank of America bounce back?

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Bank of Americaboycott

\ “Bank of America disgraced themselves nationally this year when the news broke they were going to give credit cards to illegal aliens,” says William Gheen of ALIPAC. “CEO Ken Lewis refused to apologize or cancel the program despite massive public backlash so we launched the boycott and tens of thousands of Americans, perhaps more, have canceled their Bank of America credit cards and moved their mortgages elsewhere.”\

\ He pointed to news reports that BOA’s consumer services, such as credit cards and bank branches, fell 16 percent in the last quarter.\

\ News reports paint a slightly different picture of the problems at BOA, saying the consumer services fell as a result of the national credit crunch and pointing out BOA’s biggest losses came in investment banking. BOA also seems to think the problems lie elsewhere than in lost credit card businesses, announcing layoffs in its investment banking divisions that could reach 3,000 employees.\

\ — Stephen Dinan, national political reporter, The Washington Times

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