Jim Van Meerten's  Instablog

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Jason Bourne Comments (2)
 
Opinion number three is spot on. I work for their consumer division in the Metro NY Region and the lies and misinformation that we are asked to disiminate to our employees and customers about our "Strenght and stability" is borderline criminal. We are very deceptive with our home, small business, and credit card lending practice, and consistently inflate our sales numbers so that Wall St can view us favorably.
21 Jun 2009, 05:59 PM Reply Like

jgoldstein Comment (1)
 
#5 - WHO CARES?
22 Jun 2009, 10:05 AM Reply Like

User 435007 Comment (1)
 
I'm sorry, but no one named Jason Bourne works for BAC, so I would take that opinion for what it's worth. All the options are a bit extreme. In my opinion, his performance lies somewhere between option one and three. His actions may have been questionable during the previous year, but I believe he is the best person to lead BAC out of this recession. The purchases of CHL and Merrill will show their worth during the next few years. You cannot judge these acquisitions on their short term results.
22 Jun 2009, 10:31 AM Reply Like

Michael Whitney, SEIU Comment (1)
 
It’s up for debate for what to do with Ken Lewis. Authorities can arrest Ken Lewis. Stockholders can sue him. Directors can fire him. He took one of the nation’s leading banks and ran it into the ground. He made risky bets with others’ money and stuck taxpayers with the tab when his bets went sour.

But Ken Lewis’s sins are just symptoms of a wider pandemic within the financial sector—greed. Wall Street’s compensation structures reward excessive risk-taking, up and down the corporate ladder. Bank of America workers report that their pay is dependent on how much debt they can push onto consumers, regardless of a customer’s ability to pay it back. They are afraid to speak out against these predatory policies.

We need to turn the Wall Street compensation structure on its head. Bank employees should be rewarded for promoting the safety and soundness of the economy and helping Americans accumulate wealth, not for greed. They should have the protections they need to come forth and speak out when they see their institutions putting short-term profits before the stability of the financial system.

Ken Lewis can be arrested, sued, and fired for his greedy and excessively risky business practices. But unless we get meaningful financial reform, the next Ken Lewis will be free to make the same disastrous mistakes all over again and the saga will continue.
22 Jun 2009, 05:45 PM Reply Like

Jason Bourne Comments (2)
 
Do you really expect me to post my real name? or should I post my NBKid or CAI number to prove that I work for BAC.


On Jun 22 10:31 AM User 435007 wrote:

> I'm sorry, but no one named Jason Bourne works for BAC, so I would
> take that opinion for what it's worth. All the options are a bit
> extreme. In my opinion, his performance lies somewhere between option
> one and three. His actions may have been questionable during the
> previous year, but I believe he is the best person to lead BAC out
> of this recession. The purchases of CHL and Merrill will show their
> worth during the next few years. You cannot judge these acquisitions
> on their short term results.
23 Jun 2009, 11:39 PM Reply Like

Joni Comment (1)
 
Make Lewis pay with ALL of his assets as well as his personal freedom. Hopefully, he will become the poster child for greed and corruption!
24 Jun 2009, 12:03 PM Reply Like