Tags: Bank of America, Bank of America Merrill Lynch, Brian Moynihan, credits to Ireland, fans, fine gentleman, I love you Mr. Moynihan!, I’ll threaten you all I want!, Jesse Jackson, Peggy McMahon
For the most part, Bank of America chief Brian Moynihan is not the type of guy who inspires intense fan frenzy. Lloyd Blankfein has teems of people who want to pinch his adorable cheeks and carry him around in their pocket for good luck. Jamie Dimon has his groupies. But Moynihan? Not so much.
UNTIL NOW. Read more »
Tags: Evelyn Davis, Goldman Sachs, Jesse Jackson, Jonathan Blankfein, Lloyd Blankfein, nepotism, shareholder gadfly
Amid protestors holding signs that read “Stop Hiding the Money” and “Transparency Now” the Rev. Jesse Jackson has stepped to the mic at the Goldman shareholder meeting in lower Manhattan.
The Reverend asks GS to put more consumers and labor leaders on the board. From the WSJ, which is live-blogging the event. Read more »
Tags: Bank of America, Citigroup, Jesse Jackson
Speaking of Kanye:
When the TARP was presented to Congress, Secretary Henry Paulson and others argued that the situation was dire, and that the failure of major financial institutions posed a systemic risk to our economy. The stated goal was to unfreeze credit so that banks can make loans to businesses and individuals. It was never contemplated that banks use their capital to make donations to organizations founded by a controversial figure like Jesse Jackson.
This will not end well.
TARP Inspector General Asked to Investigate Citigroup and Bank of America Donations to Rainbow/PUSH [Bloomberg]