Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Wednesday, August 31, 2011

Howler O' The Day, 31 August: Bank of America Gets Buffetted

The bank has clearly explained to investors and regulators how it will reach compliance with the new rules ahead of schedule, he added. The Buffett opportunity was too good to pass up, Mr. Dubrowski said: "There's only one Warren Buffett. We are very happy to have him, but it wasn't driven by capital."


Not about capital? Now that is just hysterical.

http://www.propublica.org/thetrade/item/bank-of-america-gets-buffetted/