Tag Archives: Bank of America

Ratings agency Moody’s downgrades 15 banks, some by two notches

From Yahoo News.

Excerpt:

Ratings agency Moody’s downgraded many of the world’s biggest banks on Thursday, lowering credit ratings of 15 companies by one to three notches.

Morgan Stanley, one of the most closely watched firms, had its long-term debt rating lowered by just two notches, one level less than had been expected, and its stock rose in after-hours trading. The downgrade left Morgan Stanley more highly rated than Bank of America Corp and Citigroup but a step below Goldman Sachs Group.

Credit Suisse , which last week was warned about weak capital levels by Switzerland’s central bank, was the only bank in the group to suffer a three-notch downgrade. But its new A1 deposit and senior debt ratings, however, rank higher than many of its peers.

[…]In addition to Morgan Stanley, downgraded by two notches were Barclays , BNP Paribas , Royal Bank of Canada , Citigroup, Goldman Sachs Group, JPMorgan Chase , Credit Agricole , Deutsche Bank , and UBS .

Falling one notch were Bank of America, HSBC Holdings , Royal Bank of Scotland and Societe Generale.

Nomura and Macquarie were included in an original list of global banks, but have already been downgraded.

I don’t think that the Obama administration should be so concentrated on legalizing gay marriage and subsidizing green energy right now. I also think that if you are going off to college, you would do well to study a STEM field. There’s a storm coming.

Bank of America fires Dr. Frank Turek for his religious and political views

Dr. Mike Adams explains how Bank of America discriminates against Christians and conservatives.

Excerpt:

In late May of this year Dr. Turek was hired to present at a meeting of your Global Business Management & Analysis Team within Global Wealth and Investment Management. The title of his presentation was called “Why Can’t You Be Normal Just Like Me?” The presentation helps participants adapt to diverse personalities to improve productivity and relationships—the essence of inclusion and diversity. The meeting was scheduled to take place at your Merrill Lynch facility in Pennington, New Jersey on June 17.

Three days before the event Dr. Turek was abruptly fired by an HR representative. Why? She explained that someone Googled his name and discovered that he had written Correct, Not Politically Correct: How Same-Sex Marriage Hurts Everyone. Marriage was not the topic of his presentation, nor has it ever been in all his years of working with the bank. Moreover, as his book reveals (although no one at the Bank is likely to have read it), Dr. Turek treats all people with respect, whether he agrees with them politically or not. Nevertheless, in the name of “inclusion” and “diversity,” he was immediately excluded for his political and religious viewpoint. Mr. Moynihan, please answer this question: Do you have to have certain political or religious views to work at Bank of America?

I know you cannot really believe that free speech and religion rights vanish when one works with Bank of America. I know that you cannot believe that all political conservatives, Jews, Christians, Mormons and Muslims should be fired for their deeply held beliefs. But that is how the Bank of America policy of “inclusion” was applied to Dr. Turek. He was fired because of his personal political and religious beliefs—beliefs that are undoubtedly shared by thousands of your very large and diverse workforce. Or is it really diverse?

Dr. Turek was previously fired by the HR people at Cisco Systems for the same reason. Cisco is another company that either silences or fires Christians for their views. No free speech is allowed if it offends certain groups. Bank of America also supports illegal immigration.

How would same-sex marriage affect your life?

BONUS: Frank Turek explains how to talk about the same-sex marriage issue without sounding like a jerk.