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The Service Employees International Union is urging government paymaster Kenneth Feinberg to stop retirement payments to Bank of America's (BAC) departing CEO Kenneth Lewis until the bank stops foreclosures and increases lending. Lewis' package includes $53.2M in benefits and $72.8M in accumulated stock and other compensation.

What if you converted his retirement stock into mortgage backed securities backed by distressed properties instead?

If his bank wants to insist that the face value of these products are the correct accounting value, then he should be happy to accept them as payment - at face value.

That could actually be legal, unlike simply stopping payment.