http://dailybail.com/log-in/?return...america-hands-sallie-krawcheck-6-million.html Bailed Out Bank Of America Hands Sallie Krawcheck $6 Million Severance For 2 Years Of Work Sallie Krawcheck was hired by Ken Lewis at BofA in August of 2009 after a career at Citigroup where she was CFO when fired by Vikram Pandit in 2008, with no severance. After just 24 months at Bank of America she was fired last month by Brian Moynihan, and it was announced yesterday that she is set to receive $6 million in severance. Keep this in mind when BofA supplicates before Geithner for its next taxpayer bailout. --------------------------------------- The bailouts were a scam. If the banks really were too big to fail, why weren't they broken up after the bailouts so we don't go thru this again in 10 years??
Remember back in 2008 when Bank of America was allowed to absorb Merrill Lynch? This was right after congress bailed out BofA on grounds they were too big to fail!!!! Similar thing happened with jp morgan. Congress let them become bigger by absorbing MOrgan Stanley. Congress tells us the banks are too big to fail and then congress lets them get even bigger!!! We should have let the banks fail. Nothing would have happened.
Oh there would have been pain and turmoil..... .......not to say its been averted......just prolonged and deepened. . . .
No there would not have been. The big banks are non-productive parasites who just cause trouble. Would help america to lose them.
I thought everybody knew our elected representatives to government don't really have a problem with (corporate) welfare, as we currently know it, for individuals who are not in official poverty and can afford entire departments to help them conform to rational choice theory; I guess they must be the ones that vote.