Milne: BOA "expects", "anticipates", "believes", "estimates" your money is safe. No guarantees through.

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Subject:BOA: Warns That Their Beliefs Are NOT To Be Used As A Basis For Your Preparations
Date:1999/09/21
Author:Paul Milne <fedinfo@halifax.com>
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Here is part of the Disclaimer in The Bank of America's most recent 10-Q filing.
 
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This report on Form 10-Q contains certain forward-looking statements that are subject to risks and uncertainties and include information about possible or assumed future results of operations. Many possible events or factors could affect the future financial results and performance of the Corporation. This could cause results or performance to differ materially from those expressed in our forward-looking statements. Words such as "expects", "anticipates", "believes", "estimates", variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers of the Corporation's Form 10-Q should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed throughout this report, as well as those discussed in the Corporation's 1998 Annual Report on Form 10-K filed March 22, 1999. These statements are representative only on the date hereof, and the Corporation undertakes no obligation to update any forward-looking statements made.
 
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If you pay any attention at all, you will find that what they are saying is that their 'expectations' are meaning less as far as YOUR preparations are concerned.
They tell you SPECIFICALLY not to place your sole reliance upon them.
 
This is all nice in a legal document and then they bend over backwards in the media and other places and tell you that you money is safe and not to take it out of the bank? Why? because they made a DISCLAIMER in their 10-Q filing. When they get screwed up and you lose all your money, THEY have safeguarded themselves. They did warn you didn't they? Didn't they tell you out of one side of their face NOT to rely on their representations, their 'expectations. their 'beliefs', etc etc..
 
It is astonishing that they get away with this. They get to legally protect themselves and then spend all their time making media releases telling you you have nothing to fear but fear itself.
 
Your money is NOT safe in a bank.  It is only safe in your own hands. get your money out of banks NOW, before Clinton or someone else does the same thing that rossevelt did and shuts down every bank in the country.
 
But, you won't do that. You will sit there like a pole-axed steer and cry after the fact.
 
No skin off my nose. Stupidity is its own reward.
 
--
Paul Milne
"If you live within 5 miles of a 7-11, you're toast"



-- a (a@a.a), September 22, 1999

Answers

Your money is not safe in a bank, large or small. Don't wait till the last month to do something about it. 90 days and counting.

-- thinkIcan (thinkIcan@make.it), October 02, 1999.

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