BoA Heiress Blasts Bank Leaders As 'Idiots'

[babylonsister]

B Of A Heiress Blasts Bank Leaders As 'Idiots'

Hank Plante
SAN FRANCISCO (CBS 5) ―
Video at link~


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."

She added that her father, who succeeded her grandfather as bank president and "gave his life for the bank," would have had a similar reaction upon seeing today's decline of the institution.

"I think its totally repulsive," Hammerness said when asked what she thinks of Bank of America now. "What idiots, what kind of idiots are running that bank?"

more...

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

[madrchsod]

1. idiots?..

i think she`s being polite.

[RB TexLa]

2. Reminds me why I still keep an account with Emigrant Savings Bank

Those of us who come from an emigrant background need to always remember just because the Anglos let us play golf with them now they don't look at us as equals.

[alcibiades_mystery]

9. I hear that

:thumbsup:

[ixion]

3. "what kind of idiots are running that bank?"

The worst kind, madam. Perhaps you should have spoken up some time ago.

[dysfunctional press]

5. "that bank"

you mean YOUR bank...?

[ixion]

7. exactly

I didn't hear her complain when profits were up.

[Ilsa]

4. "...what kind of idiots ..." ? That's easy. Greedy idiots interested in short term

profits, not long term stability. To begin with.

[Stevenmarc]

6. They're the idiots that sent her dividend checks that she didn't mind cashing

[FarLeftRage]

8. I would have said f*cking idiots...

Greedy f*cking idiots... but that's just me.