Perfect example of "too many lawyers"

Bank of America has an "Unsolicited Idea Submission Policy" on their "Contact Us" page:

Bank of America and its associates do not accept or consider unsolicited ideas, including ideas for new or improved products, processes or technologies, product enhancements, advertising and marketing campaigns, promotions or new product names. Please do not send any original materials, suggestions or other items. The sole purpose of this policy is to avoid potential misunderstandings or disputes when Bank of America’s products or marketing efforts might seem similar to ideas submitted to the Bank. If, despite our request not to send us your ideas, you still do, then regardless of what your communication states, the following terms shall apply to your idea submission.
TERMS OF IDEA SUBMISSIONYou agree that: (a) your ideas will automatically become the property of Bank of America, without compensation to you, (b) Bank of America can use the ideas for any purpose and in any way, and (c) any information you provide will be considered non-confidential.

Because this probably happens all the time, right? Somebody sends them an idea on how to construct a new credit default swap. This is what caused the financial crisis - user submitted ideas.