Bank of America received 45 Billion in TARP money, which it allegedly paid back. You can bet that the 30,000 now out of a job won’t be anyone at the top, those most responsible for the mismanagement…AGAIN.
The company was being run into the toilet helping fuel the fall of the banking industry, gets bailed out and is back to fiscal insolvency just two years later.
CEO Brian Moynihan received a 9 million dollar stock bonus for 2010. An extra 9 million in the months leading up to 30,000 losing their jobs. This is the sorry state of the world in which we live…
Full story HERE.
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