Labor Union to Obama: Fire Bank of America CEO

THINK BANK IN HISTORY FOLKS. HITLER IN HIS ASCENT TO BE EVERYTHING TO ALL OF GERMANY AND EYE ON THE WORDLD STRIPPED FIRST SMALL BUSINESS, AND FINALLY HEAVY INDUSTRY IN HIS QUEST TO RULE THE WORLD AND WITH THE AUTHORITY OF WHOM...HIMSELF
SAME AS THIS HITLERISTIC SOB OBAMA.





CNSNews.com
Labor Union to Obama: Fire Bank of America CEO
Wednesday, April 01, 2009
By Susan Jones, Senior Editor


(CNSNews.com) – President Barack Obama forced the ouster of the General Motors chairman, and now he must fire the Bank of America CEO, a labor union insists.

The Service Employees International Union (SEIU) is circulating an online petition, telling Treasury Secretary Tim Geithner to get rid of Ken Lewis.

“Bank of America's Ken Lewis accepted bailout funds while continuing to fleece consumers and taxpayers,” the SEIU petition says.

It continues: “Firing GM's CEO is a positive step towards restructuring a critical American industry. But the Obama Administration needs to apply the same lesson to the financial sector: replace failed leadership and shepherd the industry into a new era. It’s time for the Obama Administration to show the door to CEO Ken Lewis in order for real reform to take hold at Bank of America.”

A blog on the SEIU Web site lists the reasons why Lewis should be fired:

-- He has not changed the bank’s core business practices;

-- He “turned a blind eye” when one of his new acquisitions – Merrill Lynch -- gave out an estimated $5 billion in bonuses right before the company got a $10 billion bailout;

-- He earns too much: Lewis took home more than $120 million dollars in the last several years, more than 4,000 times what his average employee makes, the SEIU noted. “The era of excess is over,” the blog says.

-- He opposes a union-backed bill: “Ken Lewis' Bank of America is actively fighting the Employee Free Choice Act,” a bill that would make it easier for unions to organize workplaces.

SEIU says Lewis “needs to be replaced by someone ready to reform Bank of America from top to bottom.”

On Monday, the Associated Press noted that President Obama was dealing ‘more sternly” with the auto industry than he was with bailed-out banks.

Under the financial bailout package (Troubled Asset Relief Program) passed during the Bush administration, the U.S. government bought itself an ownership stake in the nation’s big banks, allowing the government to have a say in management decisions.

That worries Bank of America, which has expressed a desire to return the TARP money so the government will have no say in how it conducts its business.

The Obama administration met with the heads of 13 banks, including Ken Lewis, last Friday. The administration is still working on a plan to remove toxic assets from the banks’ books and ease the credit crunch that is contributing to the nation’s economic problems.







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pascasha at 04:38 PM - April 01, 2009
Of course the Unions can tell Obama what to do. Nevermind the fact that a government official should not be allowed to dictate what a private company does...Obama is all for socialism, communism...

realetybytes at 04:03 PM - April 01, 2009
Now we see who is really running America. Socialist, corrupt, 5cumbag unions like Gettlefinger of the UAW and this a55clown. They should move to France, union thugs run everything there, see how well that works for them. He just wants the "Employees Free FROM Choice Act" to pass so the thugs can come to your house with bats to convince you how badly you need Union Health Care. The UAW has turned GM into a retirement home with a minor car making compay on the side. It is the Social Security System on steroids - very few workers with millions of retirees to support. Let them go bankrupt and reorganize, and if the UAW won't work for less, there are millions of Americans who will take an honest days pay for an honest days work,

djsteil at 03:59 PM - April 01, 2009
Talk about the fox (unions) guarding the chicken koop (BOA)!!!!!! Unions are nothing but legal backmail in disguise!!!!

eyeswideopen at 03:44 PM - April 01, 2009
Well, well! The SEIU is ignorant. If Obama were to sheepily obey the union, then he will have committed political suicide.

Oregondave at 12:59 PM - April 01, 2009
Is this America or the Soviet Union? I guess there isn't much difference now.

NoParty at 12:57 PM - April 01, 2009
Is this insane enough for everyone yet? Let me see....aside from the entire Congress and Senate, who do I want fired....hmmm? Also, the head of the UAW who aided and abetted GM in making inferior cars, the head of the Teachers Union, Matthews, Olberman and Maddow....the mayor of San Francisco, Barney, oops, that is redundant, gee, my list could go on, and on. It seems the most toxic assets this Country has are those who are governing it.

jim240 at 09:31 AM - April 01, 2009
if we go back to the headwaters of this financial catastrophe, we find Barney Frank, Chris Dodd and Maxine Waters& Frank Raines. They all insisted we circumvent the banking rules and laws in place to NOT let this failure happen. Lets fire them 1st. And lets have Senate hearings to find the others who are guilty


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