Bank Of America CEO Lewis: We Can "Make It Through This Downturn On Our Own"

Let's make one thing perfectly clear ... The Bank Lewis runs is NATIONS BANK, not Bank of America.



AP Gianini's Bank of America was an actual bank ... Hugh McColl's Nations Bank was a fake bank that owed its success to Merger and Acquisition not banking. Hostile Takeovers and leveraged buyouts are Nations Banks success story, its only innovations those it acquired.



The story goes that McColl commissioned multiple focus groups to determine the name of the post BofA takeover ... the story was he wanted them to declare Nations Bank the winner but they kept on choosing Bank of America, so McColl begrudgingly accepted Bank of America and relocated the headquarters from San Francisco to Charlotte, North Carolina (World Class City There).



A friend of mine who was at a post merger meeting with a Nations Bank Executive heard him drawl out to the Bank Americans in attendance "We might be called Bank or America, but don't kid yourselves, We're Nations Bank."



So the bank on the brink of collapse is Hugh McColl's monstrosity not AP Gianini's jewel.



McColl, Lewis, and the Coulter, the last CEO of BofA who was bamboozled by McColl had better hope there isn't an afterlife, because if there is, AP is waiting there to escort them to the Gates of Hell.
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