First Cuomo, now the current NY attorney general agressively going after BofA on Fraud charges for "misleading" shareholders. BofA employees nearly 300,000 people and the shareholders currently have stock worth more than $0.00. What's the end game here? If they sue BofA, the attorneys will get 50% or more of BofA value and the shareholders end up with 50% less. Taking major money from BofA would likely damage it causing massive layoffs and reducing share price, so WTF, NY politicians?!?
Leftists expect businesses to stay here no matter how they treat them. When they find out they are wrong, it will be too late. For all of us.
(07-05-2011 09:18 PM)THE NC Herd Fan Wrote: [ -> ]First Cuomo, now the current NY attorney general agressively going after BofA on Fraud charges for "misleading" shareholders. BofA employees nearly 300,000 people and the shareholders currently have stock worth more than $0.00. What's the end game here? If they sue BofA, the attorneys will get 50% or more of BofA value and the shareholders end up with 50% less. Taking major money from BofA would likely damage it causing massive layoffs and reducing share price, so WTF, NY politicians?!?
Well, they COULD just give smaller bonuses. Nah, that would NEVER happen.
(07-06-2011 02:14 AM)RobertN Wrote: [ -> ] (07-05-2011 09:18 PM)THE NC Herd Fan Wrote: [ -> ]First Cuomo, now the current NY attorney general agressively going after BofA on Fraud charges for "misleading" shareholders. BofA employees nearly 300,000 people and the shareholders currently have stock worth more than $0.00. What's the end game here? If they sue BofA, the attorneys will get 50% or more of BofA value and the shareholders end up with 50% less. Taking major money from BofA would likely damage it causing massive layoffs and reducing share price, so WTF, NY politicians?!?
Well, they COULD just give smaller bonuses. Nah, that would NEVER happen.
1) For a lot of these guys the Bonus is a huge part of their salary
2) Funny when we ask Union official to contribute as much to their retirement as other working middle class their is outrage, but when private sector workers are getting squeezed (you know the ones who pay the teachers) there is a sense of 'suck it up' that comes from the left..