Senate panel approves Bernanke nomination
Mark FelsenthalWASHINGTON
Thu Dec 17, 2009 11:41am EST
Bank of America names Moynihan next CEO
Thu Dec 17, 2009 7:27am EST
Moynihan said in an interview with Reuters late Wednesday his primary mandate is to carry out the business plan arranged by his predecessor, and the Charlotte, North Carolina-based banking giant must block out the distractions created in the wake of the financial crisis.
"We need to put the last 18 months behind us," Moynihan said. "Now is the time to execute."
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It’s a double whammy day. With these two news items, the US appears doomed to continue spiraling into a financial catastrophe.
It may be time for a reverse Marshall Plan soon!
Paritosh Bansal and Joe Rauch
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