Ken Lewis - CEO wanted to make lots of loans to illegal aliens. All those mortgages now are going belly up, Pedro is driving his new pickup loaded with his flat screen TV and other loot back to Mexico. Bank of America will never collect on his truck loan and credit cards charged up to the max as he drives back to Mexico or other parts.
I thought Sarbanes Oxley was going to insure that these frauds would never occur. Stan O’Neil also did an incredible job destroying Merrill Lynch.
Yep, here we thought we were paying Pedro $6/hour, and all along Pedro knew he was making at least $100/hour. There goes the 'doing the jobs most Americans won't do' story!