For the record, the Move On dot commies haven’t yet called for the firings of anyone involved with Fannie and Freddie or ACORN for the subprime mortgage catastrophe. All those folks got was—more federal money. And as for the bonuses to Fannie and Freddie personnel for ‘retention’ and executives at $1 mil a pop? Or for giving back $$$ from millionaires Raines, Gorelick et al? Crickets.
Last week the Obama administration took tough, decisive action with the auto industry, forcing the resignation of the CEO of General Motors.
It’s time to do the same for the banks. And the best way to start is by firing Bank of America CEO Ken Lewis. He’s the worst of the worst.
Lewis’s poor management helped ruin his company and our economy. Shareholders are calling him “reckless” and citing “disastrous missteps.”1 Worse, Lewis accepted $45 billion in taxpayer bailout funds, but instead of using all the money to get the economy going again, he let $3.6 billion go to bonuses for top execs.2