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"Let them march all they want, as long as they pay their taxes."  --Alexander Haig

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Author Topic: Gov't pressuring Bank of America board change  (Read 302 times)

akmisrmaadi

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Gov't pressuring Bank of America board change
« on: May 15, 2009, 02:17 PM NHFT »

CHARLOTTE, N.C. (AP) - A report Friday said federal officials are pressuring Bank of America Corp. to revamp its board and bring in directors with more banking experience.

The story in The Wall Street Journal called the regulators' move "unusual" as the government does not own a stake in the company, and most of the bank's problems are the result of its purchase of Merrill Lynch & Co., which was advised by regulators.
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Ogre

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Re: Gov't pressuring Bank of America board change
« Reply #1 on: May 15, 2009, 02:44 PM NHFT »

The story in The Wall Street Journal called the regulators' move "unusual" as the government does not own a stake in the company

Liar, liar, pants on fire.
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