Staff Members of Bank of America Senior Vice President Marcus Smith: "There Was No Bailout"

Staff members of Bank of America Senior Vice President Marcus Smith assert that the Bank of America did not receive bailout funds.

Instead, they have been telling consumers that the funds received by the Bank of America were not a bailout, but rather a loan, and that the loan is being paid back on time.

Consumers are also being told that the innumerable press reports describing the funds received as a bailout are wrong.

Bank of America: National Disgrace

September 22, 2009: The controversy about the placement of American flags to honor a fallen Marine from Gaffney, SC, could cost Bank of America some local government deposit money, and perhaps much more.

Monday night, the Cherokee County Council voted 5 to 1 to withdraw county money from any accounts held by Bank of America. Councilman Quay Little said that totals more than $500,000, but that number could skyrocket.

If all county officials close their accounts, Bank of America would lose more than $1.5 million in customer funds, Little said.

The controversy erupted last Wednesday when the body of a fallen Marine, Lance Cpl. Christopher Fowlkes, was brought back to Gaffney. A woman claimed the Bank of America branch along the procession route would not allow her to place American flags in the Marine's honor on the bank's lawn.

She said the bank manager removed them from the property. Bank of America calls what happened a miscommunication about the company's flag policy.

Fowlkes died of injuries sustained in an explosion in Afghanistan. He is the first U.S. serviceman from Cherokee County to die in action since the Vietnam War.

The Bank of America refuses to allow the American flag to be displayed.

Disgraceful.

The Bank of America, bailed out and subsidized by American taxpayers, cannot say when or if the money will be returned.

Disgraceful.

The Bank of America lags well behind all others, to say nothing of government guidelines, for loan modification.

Disgraceful.

This is a call for a NATIONWIDE boycott of the Bank of America!

Bank of America's Ken Lewis = Mr. Magoo!

August 17, 2009: Warren Buffett came to bury Ken Lewis, not to praise him.

Buffett, the billionaire investor who runs Berkshire Hathaway (BRKA, Fortune 500), said Tuesday at Fortune's Most Powerful Women Summit in San Diego that Lewis -- the embattled Bank of America (BAC, Fortune 500) chief executive officer -- was the "ironic hero" of last September's economic meltdown.

But make no mistake, the emphasis was on ironic. Buffett's comments portray Lewis as a sort of Mr. Magoo of global finance, bumbling into trouble in stubborn pursuit of banking greatness -- and unintentionally saving the world in the process.

Lewis may have "inadvertently saved" the financial system by agreeing to buy Merrill Lynch in a stock swap that was initially worth $45 billion, Buffett told Fortune's Carol Loomis in an on-stage interview.