BofA And Citi Given 30 Days To Fire Their CEOs?
Anyone hear anything about this? I found this over at http://www.freedomsphoenix.com/ which seems like a liberty minded site.
The results of the stress test are due to be released at 5:00 PM to ensure minimum news cycle impact, and the Feds have released a statement on what to expect. By this point, there's been so much leaking and throat clearing, it almost seems like an old story at this point.
The pre-announcement reminds people that this is not a solvency test -- they really like to hammer that home -- and that the point of building up a capital buffer is not to ensure their survival, but to ensure that the banks will lend and support the economy.
As has been leaked (of course) the banks will have 30 days to come up with a plan once the results are made public.
Continued on link..
http://www.freedomsphoenix.com/Find-Freedom.htm?EdNo=001&At=...
Three years is what the MSM are spouting..Everything is ....
stable and wonderful, except that they need more money. Imagine a bank saying that! """He told CNBC that he is likely to step down as CEO by the time he turns 65 in three years -- the traditional retirement age for executives at the bank."""
BofA CEO Lewis lays out plans for bank's future
BofA CEO Lewis sets plans for raising capital, tells CNBC economy is reaching a bottom
* Stephen Bernard, AP Business Writer
* On Friday May 8, 2009, 9:06 am EDT
NEW YORK (AP) -- Bank of America's chief executive Ken Lewis laid out his plans for raising new capital to meet regulatory requirements after the government said the bank is facing a $33.9 billion shortfall.
In an wide-ranging interview with CNBC, Lewis also said Friday that the economy is bottoming and that he plans to remain in charge of the bank through the recovery.
"""He told CNBC that he is likely to step down as CEO by the time he turns 65 in three years -- the traditional retirement age for executives at the bank."""""
http://finance.yahoo.com/news/BofA-CEO-Lewis-lays-out-plans-...
Yes the fed is taking over, they need to place their own people
in every position of power . It's fascism with a twist.
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Stop the NWO....It's just illumi..Naughty !
How?
I am reminded of the video on here yesterday about the revolution about how and why are these people getting away with this. The response was because they can.