Jun
12
Bank of America to Donate 50 Bill to BAC, from Sam Marx
June 12, 2012 |
I just read that the CEO of BAC is going to donate $50 Billion over the next 10 years to fight climate change (global warming).
I thought BAC had financial problems.
The concept of man-made global warming is now being challenged by a growing group of scientists.
As for climate change, we've always had it.
At one time icy Greenland was green.
Also, at one time we had the ice age and ice covered vast areas of the North American continent.
In my opinion, the only logical reason for this action by BAC's CEO is to curry favor with Obama.
Maybe that's why the CEO spread the donation over 10 years, anticipating an Obama defeat in Nov. and then BAC's CEO will retract the offer.
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Why are the banks so embedded in sports? If the banks were allowed to fail, tennis and golf would have to go through reorg. Almost every event seems to be sponsored by a bailed out bank. The others are sponsored by a bailed out auto company.