tag:blogger.com,1999:blog-16752530.post27797975347627060..comments2023-07-14T10:05:24.644-04:00Comments on The Reasoned Sceptic: Dick Bove's Sensible Comments on BofA's Executive ChangesC Neulhttp://www.blogger.com/profile/13359260012492887159noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-16752530.post-22546374292037215602011-09-07T16:48:44.173-04:002011-09-07T16:48:44.173-04:00Joe Price was the executive in charge of the Count...Joe Price was the executive in charge of the Countrywide due diligence and merger. I'm surprised that he lasted this long.<br /><br />Based on the Co-COOs, I wouldn't be surprised to see the bank split into two -- an investment bank and a commercial bank. <br /><br />C has through several 'crises' in my lifetime (1975, 1981, 1992, 2008). BAC, alas, is going down the same road. <br /><br />Crony capitalism created the entity that became BAC. Nationsbank was handed the valuable Texas banking franchise for a pittance with all the risk/losses going to the taxpayer. Earlier, they gained a foothold in FL through exploiting loopholes in banking laws.<br /><br />Crony capitalism keeps these banks alive.TallIndianhttps://www.blogger.com/profile/11804493195815876399noreply@blogger.com