The cryptocracy really has something against Bank of America. Their drive to get Chief Executive Kenneth Lewis and the bank is back in full-force after a short respite recently.
"The MOU (memorandum of understanding with BofA) is the most serious proedural action taken against Bank of America by federal regulators since the financial crisis erupted. Citigroup Inc. has been operating since last year under a similar order with the Office of the Comptroller of the Currency..."
The cryptocracy is dead serious about ruling through a government-controlled economy. Step by step they are bringing their goal into reality. If you don't go along, they will slap you with enforcement orders to make it impossible to do business unless you comply.
It seems that the centrally planned economy in the Soviet Union is the model that cryptocracy desires. The only difference now is that in the Soviet Union if you disagreed with an order from the central planners, you would be pushing up daisies. Here, so far, if you disagree, the central planners just make your life extremely difficult.
By the way, Kenneth Lewis is no pushover. So far he has countered every attack by the cryptocracy. When they tried to move Merrill Lynch wonder-boy John Thane into a position to replace Lewis, Lewis simply fired Thane. When the cryptocracy tried to use a congressional hearing to undermine Lewis, he adeptly turned the hearing against his accusers.
All this Bank of America business may stem from the Merrill Lynch-Bank of America merger which the central planners strongly pushed. Evidently the planners had some specific ideas about what was to happen and Lewis had his own. A lot of bad blood occurred during the negotiations. Ever since the central planners have been trying to get their revenge.
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