Posted: 8/24/2014
Just read this opinion piece “Banking in a Time of Cholera Bank of America pays $16.65 billion for doing the feds a favor.” about the latest U.S. federal government extortion of Bank of America. I have blogged about this subject before several times.
What I am seriously wondering about why the CEO did not simply tell the federal government he would instantly sell CountryWide and Merrill Lynch again if necessary for $1 to any bidder.
As I said before, as the CEO of BoA I would have told the federal government to go to screw themselves! CEOs who have no spine have no business being CEO!
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