WSJ: Gov't pressuring Bank of America board change
CHARLOTTE, N.C. (AP) - A report Friday said federal officials are pressuring Bank of America Corp. to revamp its board and bring in directors with more banking experience.
CHARLOTTE, N.C. (AP) - A report Friday said federal officials are pressuring Bank of America Corp. to revamp its board and bring in directors with more banking experience.
The story in The Wall Street Journal called the regulators' move "unusual" as the government does not own a stake in the company, and most of the bank's problems are the result of its purchase of Merrill Lynch & Co., which was advised by regulators.
The Journal said regulators including the Federal Reserve and the Office of the Comptroller of the Currency had previously signaled to the bank's leadership that changes in the board would be well received by the federal government, the Journal report said
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re: "federal officials are pressuring Bank of America"
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re: "federal officials are pressuring Bank of America"
follow up on: Government fires GM CEO 4-15-09 "The issue is principle and the lengthening arm of government into commerce....Stunning is too mild a word to describe the precedent set here." (see post)
That "stunning...precedent" set little more than a month ago by the government 'firing' of a private corporate executive is now being repeated in another industry. Step by step, a power grab to establish dictatorial control over finance and industry is being openly demonstrated for all to see. The implications for the future of this country are astounding.
As for that, to put it as simply as possible...it's over. America as you have known it is history! All the nations of the world are 'history' for that matter. They are being deconstructed and placed into a 'regional' global system. This system will become the domain of the coming Antichrist...for a time, believe it or not.
The Lord Jesus Christ will have the final 'word' on the matter though, believe it or not. "And he was clothed with a vesture dipped in blood: and his name is called The Word of God." Rev. 19:13
see: World Government Gone Wild: 'Hemispheric' Management 1-14-09 (follow links, connect dots)
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Psalms 9:20 Put them in fear, O LORD: that the nations may know themselves to be but men.
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Psalms 9:20 Put them in fear, O LORD: that the nations may know themselves to be but men.
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