Banking Business Part 1:- Bank of America Is Fined for Foolishness

Bill Mahr named them best.  Skank of America!

It seems the bank is agreeing to pay a $33 million fine for bonuses that were paid to Merrill Lynch executives.

They lied to shareholders when they said they wouldn’t do such a thing… but did so anyway.

I say $33 million is a paltry sum for a bank of this size.  But what are you gonna do?   Obviously they can do what they wanna anyway.  If they fired the people who made the decisions to pay the Merrill bonuses, I’m sure they would have walked away with more than $33 million in separation compensation. 

As for the American tax payer?   BOHICA buddy!  That stands for: Bend Over!  Here It Comes Again!

Advertisements

One thought on “Banking Business Part 1:- Bank of America Is Fined for Foolishness

  1. euandus3 says:

    Thanks for you post. Very interesting. I have a few posts on the topic, in case you are interested.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s