Boat of Gloat v.1

Bank of America Plans Big Layoffs to Cut Costs

The boat of gloat, the sloop of Schadenfreude, sets sail to Charlotte, NC. It sails to the port of call most deserving and docks to find a large, evil, organization. Evil at the top, mind you, and there is a measure of empathy for the pain the generals are going to inflict on thousands of innocent foot soldiers.

With its stock down more than 50 percent since January, the job cuts by Bank of America may be only the start of a broader restructuring at the company, which is the nation’s largest bank. Brian T. Moynihan, the chief executive of the bank, has said that he hopes to trim quarterly expenses by $1.5 billion. Thousands more job cuts are likely in the months ahead.

But this zombie bank, being propped up at horrific costs to the country by the government, needs to finally be killed. Nationalized, unwound, sold off in chunks. For the safety of the US and the world. The list of criminal and civil violations perpetrated by this organization is too long to list.

UPDATED 9/2/2011:
Looks like the layoffs may now reach 30,000.
Bank of America was also sued today by the FHFA for $30 billion dollars (counting BofA and Merrill Lynch).

UPDATED 9/9/2011:
Looks like the layoffs may not reach 40,000.

This boat's for you!