"Job creator" hands out 40,000 pink slips

[TheBigotBasher]

http://www.freep.com/article/20110914/BLOG24/110914016/1302/NLETTER10/Mike-Thompson--More-layoffs...who-s-next?&source=nletter-NEWS-FREEP-top_stories_8pm

[lindysalsagal]

1. BOA is probably circling the drain, anyway. There are too many banks

and bank locations. I've wondered how they've all kept them open this long. The only thing that's more over-populated than Starbucks is banks.

[MichiganVote]

3. Our contracting economy is having a huge impact, slow birth of smaller America

[Warpy]

4. That's not what's draining them

although mega merger after mega merger should have involved closing redundant branches. What's draining them are the two stupid decisions Ken Lewis made to purchase both Countrywide and Merrill Lynch. Both outfits had suffered from crooked management and were drowning in debt, debt that BoA took on when they merged.

The Merrill merger was especially bad since BoA largely kept all the bad management and bad policies and stabbed their own employees in the back to do so.

[Arctic Dave]

5. I believe churches are number one.

I think you could throw a rock and hit church, then it would bounce off and hit another.

[greytdemocrat]

6. BOA closed at $7.33 today.

There is money to be made.

[MichiganVote]

2. Boy, guess since many Americans bought the WMD bullshit, they expect we'll buy anything

[RegieRocker]

7. Elitist not job creator