Does Anyone feel like Bailing

[Griff]

“Importantly, the decision to go forward with the merger rightly remained in the hands of Bank of America’s board and management, and they were obligated to make the choice they believed was in the best interests of the shareholders and company.”

He sounded guilty as hell. It was like something from Atlas Shrugged.

[sugarpop]

Originally Posted by Griff

“Importantly, the decision to go forward with the merger rightly remained in the hands of Bank of America’s board and management, and they were obligated to make the choice they believed was in the best interests of the shareholders and company.”

He sounded guilty as hell. It was like something from Atlas Shrugged.

I agree they should not have been forced to go through with the deal, but according to Ken Lewis, the CEO of BoA, during the hearings about this issue, he said it was right decision, and that he wasn't forced to do it. In fact, in his opening statement, he said they had turned around and had brought in quite a bit of revenue from the deal.