If you’ve got a $millon that you want to keep liquid, split it among 5 banks.
And while they don’t keep up with inflation, BofA does offer a checking account that pays at least a nominal interest.
Finally, if you think all the major banks are going to melt down at once, you shouldn’t keep all of your money in $$. Get some Euros, some metal, some guns, and a pile of MREs.
that might be what he's doing. he might have divested most or all of his assets and parked it in BOA then decided... gold, lead, silver, coins, land, and foreign assets.
Who knows how much he has but I'm willing to bet that this is a public way of warning some of his colleagues... just like the suicides of the bankers last week.