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!