Friday, December 4, 2009

Bank of America, in Today's News 12.03.09

Bank of America. The Bank of America was one of the central targets of the cryptocracy when they precipitated the economic crisis. From the beginning, enormous pressure was put on the BoA to change their ways and, in particular, to get rid of Kenneth Lewis, the chief executive officer.

One can only speculate on why the BoA was put in this position. It may have something to do with the fact that the BoA, a central and mammoth financial entity, is not one of the big stock-holders in the privately-owned Federal Reserve. And thus, the Rothschilds had a somewhat reduced ability to control the BoA through their machinations in the Federal Reserve.

Whatever the motivation, the cryptocracy succeeded in forcing Lewis to resign. 

The task then became to find a CEO to run the BoA, who would be an exclusive Rothschild man. And here the cryptocracy was hoisted on its own petard. They had gone to great lengths to limit and reduce the salaries of some financial companies, particularly BoA, in an effort to pressure the companies to better toe the line. But now, the salary-limitation rules got in the way of hiring the new BoA CEO. There simply was not enough money to attract the candidates they wanted.

What to do, what to do? Again, it was simple for cryptocracy. Just change the rules. Today, it was announced that the BoA was the first financial institution to reach agreement with the government to repay the bailout money and escape the pay restrictions imposed by the government.

Amazing, isn't it? The cynicism of these people defies definition. 

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