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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (85608)	2/19/2009 2:28:20 AM
From: Real Man	Respond to of 94695

BAC mess... BofA layoffs are ongoing, but mysterious Employees say co-workers exit with little warning, with work unfinished, and it's unclear where it will all end. charlotteobserver.com Selected employee comments (after the article - very interesting) - it seems both BAC and C are going to zero very soon: BOA does lay off operational/non-important staff, but not us who are doing its dirty work, in fact we are held very tightly and once there were 2 Auditors (or Fed Agents, I dont know) on site but prior to their arrival, we were prepped up, and showed carrots/sticks in a rather odd and I'd say very frightening manner. We were asked to read code of ethics, but then immediately after reminded that it is all a game, that if we "behave" our performance reviews would go great (with big bonuses), or otherwise if we speak up on numbers being fudged, they would give us bad performance reviews and no bonuses, and coupled with that, we were stalked and followed and kept eye on. It is overall very frightening and no one of us thinks it worth to speak up, we are being monitored. And in just last few years, there have been quite a few suicides among employees, all of which have gone quite mysteriously. We need help, but we cant speak, they are holding us in black-mail. ...... I dont think the issue here is about legitimately workers access cut off or lay-offs, they the issue is much broader - the work "culture", the intense SECRECY bordering on blatant CRIMINALITY including stalking employees to fear. We are paid very well, but we are made to live in constant fear when we point out certain prospective fraudulent activities. They immediately give us Code of Ethics to be read aloud, but then immediately stalk us and making us do exactly the opposite of federal statutes, and make sure the word doesn't go out. There is too much large-scale fraud at BofA, where is the Law Enforcement? where is the SEC? Its too much complex environment, they black-mail frequently anyone with the slightest inclination to spill their dirty work, its hard to sleep at night. ... manipulating charge-offs to show totals less menacing than they actually are, the moment you point it, you are immediately cornered, implicated and then dealt with carrots and sticks; falsely fudging employee satisfaction surveys, circumventing the lay-off regulations as pointed in this article, these are just very simple examples, but they point out to the larger issue, which is that BofA is practicing enormously illegal activities (when taken as a whole) and escaping by the fringes, and due to it being so big a bank, no Federal Agent has the gall to come and investigate. We work in constant fear and blackmailing.