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Thursday, December 3, 2009

Freakish quote/bias of the day

Dec. 3 (Bloomberg) -- Bank of America Corp., the nation's biggest lender, will repay $45 billion of US government bailout funds, helping free the bank from curbs on executive pay that have hampered its search for a new leader

ROFLMAO.

Let's put the job up for bid. That'll keep costs down, and I'm sure there are qualified people who would do the job for a lot less than they think they need to pay ...

The idea that there is some small set of people competent to run BOA and they "need" to have copious largess to unlock their potential is so silly, except that bias of the received wisdom doesn't let us laugh at it aloud.