Gov’t Pressuring BAC to Revamp?

http://finance.yahoo.com/news/Govt-Pressuring-BAC-to-zacks-15264083.html?sec=topStories&pos=2&asset=&ccode=

Of cour”se you need not be reminded that Bank of America had been “induced” by our “leaders” to “merge” with Merril Lynch and Countrywide Financial thereby creating a financial behemoth… do you… ??? If you remember that, you’ll love the following excerpt:

The federal regulators have advised Bank of America Corp. (NYSE: BACNews) to revamp its board of directors, according to a report published in the Wall Street Journal this morning.

Per the report, the government officials also suggested that independent directors lead a reshuffling of the board, and that the board ‘needed more members with banking experience.‘ ”

Did you catch that? Bush, Paulson and Bernanke knowingly and willingly turned BAC into a financial behemoth and now, months after the fact, they think it could be a good idea to have more people with banking experience onboard.

Keep stashing bullion folks.

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