Feds 'Dictating' To Bank of America

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.
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
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)
Psalms 9:20 Put them in fear, O LORD: that the nations may know themselves to be but men.

1 comment :

Paul Fraser said...

RBC Bank President Gordon Nixon - Salary $11.73 Million


I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account.

There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.

Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca





"Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"