Pretty mealy mouthed even for a bankster.
That is not what I said.
My post clarified that every Bank had to follow the same rules while the thread harped solely on Bank of America.
I retired back in 2004. The Corporation had very strict rules and guidelines in place as all Banks do. I was in Logistics, not part of the Finance Unit, but I dealt with that side of the Bank on a daily basis. You either followed Corporate wide guidelines in performing your fiduciary responsibilities or you did not work there. In fact, as a Bank Officer, I would bear personal responsibility for my actions including financial liability.
My point was that Bank of America, like any other large Financial Institution had to comply with every Government Regulation in place at the time. This crap about a lack of Banking Regulations is nothing but a Liberal Urban Myth.
If Management at Bank of America, or any other Company, violated the Law, they should face the consequences.
I am 57 years old and I have never been called “mealy mouthed” or accused of calling my peers in the Banking Industry crooks.
I await your apology.