To protect its executives from criticism through special websites.
Bank of America is on a domain buying spree, purchasing derogatory domain names with suffix like “sucks” in order to protect its executives and board members from specialized Internet criticism by angry customers. For example, domains which include has an executive’s name on it along with defamatory term, such as BrianMoynihansucks.com.
The report from Domain Name Wire suggests that such an response comes after potential negaitve backlash over an impending Wikileaks report. Earlier in the month, the controversial site hinted that it had damaging information about a major US bank and threatened to release those documents to the public. Though the bank name was not directly mentioned, the media assumed it was Bank of America. The response could also be due to the bank blocking payments to WikiLeaks, following PayPal and Mastercard, however, such a knee-jerk reaction over blocked payments seems unlikely.
Ironically, the bank could not block bankofamericasucks.com, which is a buzzing community full of haters.
Source: Domain Name Wire