Bank of America can’t bank on it’s name

Posted by Al Lewis on November 30, 2010
Banking Crisis, Ego Nomics

“Flagrant violations” and “unethical practices” at a major U.S. bank?

Say it ain’t so.

Speculation runs rampant that Wikileaks is about to blow the lid off something at a major bank, and that bank may be Bank of America. Click here for the details in The Wall Street Journal.

Scuttlebutt, rumors, inuendo – maybe - but who puts anything past a bank these days? Bank of America denies knowledge. Wikileaks is just going to make us wait and see.

Too bad, Bank of America can’t bank on a solid reputation in times like these.