GameStop Madness Thoughts, Wells Fargo Employees Anxious About Potential Job Losses + BofA $1 Billion Commitment News

<p>I give you some brief thoughts on the Gamestop situation, and how in a weird way, I am glad so many thousands of people are seeing the hypocrisy of the system which pretends to give people equal opportunity to invest in things to only handcuff them when it isn't going the best for hedge funds who were left exposed by the recent Reddit posts and subsequent trades on RobinHood and other places Regarding Gamestop, AMC, and other stocks!</p> <p>I discuss how BofA has been mysteriously screwing over clients with Merrill in this way for a while and I discuss how people won't forget the days they got screwed by sharing a couple stories from my investing past.</p> <p><br></p> <p>Plus I talk about <a href="https://www.charlotteobserver.com/article248756775.html">Austin Weinstein's story in the Charlotte Observer about Wells Fargo employees feeling anxious about the ax coming down on them for potential job cuts that are likely to happen at Wells.</a> (paywall) I discuss how employees in branch banking always feel that anxiousness, and I discuss small town NM Wells Fargos and how one city in NM (Eunice) was mentioned where I don't think Wells leaving is a big deal, but one town (Magdalena) where Wells leaving was horrible.</p> <p>I discuss how it felt to wonder about possibly losing my job when I was at BofA when Moynihan put the "New BAC" in place a decade ago.</p> <p><br></p> <p>Plus <a href="https://www.businesswire.com/news/home/20210126005694/en/">I discuss how Bank of America is giving $150 Million to private funds for the purposes of their $1B commitment for Racial Equality,</a> and how myself and a couple of African-America people in the banking industry doesn't feel like it solves anything. I discuss how BofA is known for giving in a sense to pass the buck when it comes to declining people of any color who have borrowing needs by allowing the receipients of those funds to do the dirty work.</p> <p>I explain how BofA touts Minority Entrepreneurs in the press release, yet will not lend to any entrepreneurs for sta