Consumerist: EA is the worst company in America

Why so much hatred for BoA? because of the ATM fees?

Quote from tresanus : Why so much hatred for BoA? because of the ATM fees?

ATM fees
"BANKING" fees (which they were scolded for)
Mortgage fraud & in-sensitivities
Mishandling of assets (very LOOSE wording w/out getting in detail)
Foul investments....

All while still paying top execs large bonuses regardless of the economic climate

It's like asking what's worse: The person who somehow took advantage of your loans and decided to raise your rates so you're paying hundreds - if not thousands - more...

...Or a company that charges $20 extra because they didn't release all the Tiger Woods courses like they could have easily done

That's why I can't take that site too seriously now when it comes to their information. I will now treat it like BGR. A site that probably has some reviews...some articles....but nothing I'm bookmarking and really trying to follow

Quote from blacksoxing : That's why I can't take that site too seriously now when it comes to their information. I will now treat it like BGR. A site that probably has some reviews...some articles....but nothing I'm bookmarking and really trying to follow

I think you're forgetting one very important detail. This was a poll that anyone could vote in. The site didn't choose the winner, they just created the bracket and visitors voted.

Quote from blacksoxing : It's like asking what's worse: The person who somehow took advantage of your loans and decided to raise your rates so you're paying hundreds - if not thousands - more... ...Or a company that charges $20 extra because they didn't release all the Tiger Woods courses like they could have easily done

yea, but that is like saying Ford is a worse company because they charge you more for your car year over year than Hot Wheels...

EA is screwing you our of 30%-40% of what you are getting...BoA is on the realms of 5%...

Quote from blacksoxing : Mishandling of assets (very LOOSE wording w/out getting in detail) Foul investments...

No offense, but I don't think you've any idea what you're talking about. Now I work at BofA (at Merrill Lynch subsidiary) and have worked there since late 2010. Don't get me wrong, the firm isn't some paragon of virtue or anything. But it's certainly not that bad.

First of all, why would you be upset that BofA made a 'bad investment'? That's something the shareholders should be upset about. As far as ATM fees, they're having trouble making money from your deposits with ultra-low rates, so they're trying to move to a fee-based model, just like every other bank. Or is it somehow your gods-given right to have a free checking account?

'Mishandling of assets'? What does that even mean? If you're referring to MERS then I'd remind you every bank used it, and out of a desire to reduce inefficiencies rather than spite for Joe Homeowner.

Now as a taxpayer, what I'm concerned about is the close relationship between the financial industry and government. In particular I'm afraid our elected officials won't set up the right incentives for financial firms to behave in the best interest of society (and their own shareholders' best long-term interests). But I don't hate the financial industry for taking advantage of its political connections. After all, carmakers and farmers and others exploit politics for all it's worth.

The whole Countrywide debacle comes to mind.

BOA was known for having a tendency to jack your credit card rate up to 30%. I worked in the credit card industry and BOA was one of the worst ones besides Chase of course.

Quote from aridneptune : No offense, but I don't think you've any idea what you're talking about. Now I work at BofA (at Merrill Lynch subsidiary) and have worked there since late 2010. Don't get me wrong, the firm isn't some paragon of virtue or anything. But it's certainly not that bad. First of all, why would you be upset that BofA made a 'bad investment'? That's something the shareholders should be upset about. As far as ATM fees, they're having trouble making money from your deposits with ultra-low rates, so they're trying to move to a fee-based model, just like every other bank. Or is it somehow your gods-given right to have a free checking account? 'Mishandling of assets'? What does that even mean? If you're referring to MERS then I'd remind you every bank used it, and out of a desire to reduce inefficiencies rather than spite for Joe Homeowner. Now as a taxpayer, what I'm concerned about is the close relationship between the financial industry and government. In particular I'm afraid our elected officials won't set up the right incentives for financial firms to behave in the best interest of society (and their own shareholders' best long-term interests). But I don't hate the financial industry for taking advantage of its political connections. After all, carmakers and farmers and others exploit politics for all it's worth.

And people shouldnt be upset with BoA over the ATM fees they almost tacked on. BoA was just reacting to a wack Government mandate. Bunch of politics they were playing there, decrease fees banks can charge so that the banks will have to increase fees to the consumer. People are ignorant and will blame the bank not the Government...

Quote from aridneptune : 'Mishandling of assets'? What does that even mean? If you're referring to MERS then I'd remind you every bank used it, and out of a desire to reduce inefficiencies rather than spite for Joe Homeowner.

He may have been referring to the various instances of BOA foreclosing on wrong houses. Although these are fairly uncommon and when you look at the grand scheme of things completely immaterial compared the number of successful mortgages they handle.

Wack Gov mandate...comon. Oh poor BOA can't charge 30% on their credit cards anymore.

Quote from brendo927 : Wack Gov mandate...comon. Oh poor BOA can't charge 30% on their credit cards anymore.

When costs go up, the end consumer is always the one who gets hit.

If people used their credit responsibility, and paid their bills on-time, chances are they wouldn't be charged 30% interest. A lot of people don't get that credit is a privilege, not a right. The people that were paying 30% interest are probably the same people that thought they could afford a $400k house making $50k/yr using an ARM.

I wonder how things would have played out in a bracket with only gaming publishers.

Quote from idkMyBFFist : If people used their credit responsibility, and paid their bills on-time, chances are they wouldn't be charged 30% interest. A lot of people don't get that credit is a privilege, not a right. The people that were paying 30% interest are probably the same people that thought they could afford a $400k house making $50k/yr using an ARM.

Quote from brendo927 : Wack Gov mandate...comon. Oh poor BOA can't charge 30% on their credit cards anymore.

What the...

This makes no sense at all. First of all, the money these banks make from credit-card interest rates is only part of the picture. There's also the exchange fees they collect, and the entirety of the card-services unit at BoA makes less than the global markets unit (trading, investment banking etc.). Moreover, who's getting charged a 30% interest rate? I always pay my balance and get the rewards cards with obscene rates. I think the highest I have is a Citi card with 18% APR on balances.