What is Bank of America? A reaction
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What is Bank of America? A reaction

Columbus : NC : USA | May 09, 2012 at 9:30 PM PDT
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What is Bank of America? A reaction

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Dhreff

Anchor for Allvoices

Bank of America is of the following definitions:

  1. Is the quintessential culprit for the Great Recession.
  2. Is a bailed-out bank with a bad record on foreclosures and the environment.
  3. Presently, it is the bank Occupy Wall Street Movement banking on to stage protests.
  4. It is a bank of disgruntled shareholders which includes Trillium Asset Management, the City of New York and the American Federation of State, County and Municipal Employees-- will force votes on proposals that would curb the bank's political spending and force it to review its foreclosure practices. Foreclosure victims are hoping to give testimony during the meeting.
  5. It is the bank of environmental destruction. Activities it finances includes mountaintop removal mining which studies indicated that causes birth defects, cancer and other deadly ailments.
  6. It is a bank with overseas networks. Its chief Brian Moynihan is referred to as the worst-performing bank CEO in America. He said, "We're a global business," suggesting that Bank of America needs its sub-companies in other nations because that's where the business is.”

In view of the above definitions, readers and observers cannot ignore to think that Bank of America is the bank of American destruction.

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dhreff is based in Olongapo, Central Luzon, Philippines, and is an Anchor on Allvoices.
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News Stories

 
  • Bank of America CEO faces shareholder ire as protests swirl

      Los Angeles Times
    Select a date range Create a custom date range From: To: Bloomberg News May 9, 2012 , 10:42 a.m. Bank of America Corp. , the second- biggest U.S. lender, is following a "disciplined" strategy to rebuild, Chief Executive Officer Brian T. Moynihan said...
  • Bank of America CEO hit by analysts, protesters

      Boston Herald
    Updated 2 hours ago Text size  A top Wall Street analyst is crowning Bank of America CEO Brian Moynihan a Wellesley resident as the nation's worst banking chief. Michael Mayo of Credit Agricole Securities told an investment conference this week that...
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    And Mr. Moynihan's pay, which didn't include a cash bonus and was mostly in the form of stock, received less attention at the annual meeting than Bank of America's continuing problems in the mortgage arena.    One shareholder after another, many of...
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    Protesters outside the Bank of America annual shareholders meeting in Charlotte, NC, 9 May 2012. Photograph: Jason Miczek/Reuters Shareholder meetings can be routine, unless you are Bank of America , in which case it may be declared an "extraordinary...
  • Demonstrators targeting BofA annual meeting

      International Business Times
    Demonstrators are expected to swarm Bank of America Corp's annual shareholder meeting on Wednesday to voice anger over a range of issues from foreclosures to corporate taxes to financing for the coal industry. The meeting, held in the bank's...
  • Bank of America meeting draws complaints from investors, protesters

      Charlotte Observer Online
    Bank of America Corp. drew fire from critics outside and investors inside its annual shareholders meeting Wednesday over everything from its environmental practices to its role in the mortgage crisis. During the two-hour meeting at the 1 Bank of...

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