Bank of America Corp. is operating under secret regulatory sanctions
source: http://online.wsj.com/article/SB124771415436449393.html#mod=testMod
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- bansheewail
- added this
http://online.wsj.com/article/SB124771415436449393.html#mod=testMod
Bank of America Corp. is operating under a secret regulatory sanction that requires it to overhaul its board and address perceived problems with risk and liquidity management, according to people familiar with the situation.Rarely disclosed publicly, the so-called memorandum of understanding gives banks a chance to work out their problems without the glare of outside attention. Financial institutions that fail to address deficiencies can be slapped with harsher penalties that include a publicly announced cease-and-desist order.
The order was imposed in early May, shortly after shareholders of the Charlotte, N.C., bank stripped Chief Executive Kenneth Lewis of his duties ...
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sickinjersey
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i think that this will be the government bank of the future.
- 3 years ago
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sickinjersey
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s0uthc0ast
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Of course it is operating secretly.
Far be it for the administration have to reveal what is has tasked BofA with doing to further its agenda.
These people operate in secret because their campaign contributions to 0 permit as much.
Follow the money. - 3 years ago
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s0uthc0ast
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sickinjersey
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government bank, everything is a secret in the government.
- 3 years ago
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sickinjersey
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bansheewail
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Why so secret??
- 3 years ago
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bansheewail
