B Of A Heiress Blasts Bank Leaders As 'Idiots'

[katty]

more: http://cbs5.com/business/bank.of.america.2.942327.html

B Of A Heiress Blasts Bank Leaders As 'Idiots'


The granddaughter of the man who founded Bank of America in San Francisco in the early 1900s called the bank's current condition "totally repulsive" and blasted the bank's management for being "idiots."

The harsh criticism from Virginia Hammerness, the heiress to A.P. Giannini's family fortune and a significant stockholder in the bank he launched, came during an interview Monday with CBS 5.

She reflected on how her grandfather founded B of A as the Bank of Italy in San Francisco's North Beach neighborhood in 1904 as a reaction to the fact that the big eastern banks wouldn't lend to middle class immigrants like Italians.

Hammerness was outspoken about what has happened to the bank that is her family's legacy, saying she had little doubt that Giannini was "rolling over in his grave."

[notadmblnd]

1. They're not idiots.They knew exactly what they were doing

[natrat]

2. complete facist crooks, but not idiots

[MasonJar]

3. She sounds like a sensible woman. Good for her for calling it like it is.