obama trying to force BAC to change it's board

[droski]

BofA Urged by Regulators to Revamp Board of Directors - WSJ.com

Whether he has a point or not, it's disturbing that a minority shareholder is attempting to do this without a shareholder vote.

 

[JTrainDavis]

Someone needs to stand and fight this P.O.S. that these morons elected. The way people have cowered before him when threatened is only giving them reason to dictate more to the private sector.

 

[BigPapaVol]

This is just senseless. Old bankers on the board are nothing but overly conservative, old school people who want nothing but virtual impossibility to be the borrowing standard.

They badly need some people who understand investment banking so they can use the power of the Merrill brand to make some freaking money aside from net interest margin.