Bank of America Promises to "Help Out" Perry
Some years ago, my wife and I took all our vast financial fortune out of Bank of America and placed it into a smaller, less-known bank. The reason for this escapes me at present... something to do with a fee that I didn't think I owed.
If I had a nickel in the Bank of America today, I would withdraw it immediately. Bank of America is going to "help out" Rick Perry in his election campaign.
Think Progress identifies the gentleman as James Mahoney, Director of Public Policy for the bank. Think Progress goes on to say that:
...far from being just a regional banker, Mahoney is a key national executive. In a statement about the incident, bank spokesman Lawrence Di Rita told Politico the only “help” Mahoney was offering was nonpartisan policy expertise. Di Rita said Mahoney does policy and not lobbying for the bank. This unsolicited reassurance from a top Bank of America emissary comes just days after Perry appeared to publicly threaten the chairman of the Federal Reserve, Ben Bernanke.Does that mean BofA is gonna supply the rope Perry uses to lynch Bernanke?
Of course, one should not be overly surprised by this. Perry runs on a platform of bank deregulation, and the last thing these big banks want is "regulation."
As Matt Yglesias pointed out, in his book Fed Up, Perry expresses the extreme view that all banking regulation and consumer financial protection is unconstitutional.It is nice to know that the bank HAS the financial wherewithal to support Perry, since...
The bank announced (Friday) that it will be cutting at least 10,000 jobs, laying off 3,500 workers this quarter alone. As ThinkProgress has reported, until now Mitt Romney has been the candidate with the most backing from Wall Street.It would be nice if the Bank would use some of this "help" they intend to give Perry to help these 10,000 people KEEP their jobs. But we know that corporations are the only "people" that Perry and Romney give a shit about.