The granddaughter of the man who founded Bank of America in San Francisco in the early 1900s called the bank’s current condition “totally repulsive” and blasted the bank’s management for being “idiots.”
Heiress Virginia Hammerness, whose money was inherited from the A.P. Giannin family fortune, blasted Bank of America leaders during an interview with CBS 5 in San Francisco. It was her grandfather who helped start the bank which was first called the Bank of Italy Bank of Italy in San Francisco’s North Beach. He was inspired to found the bank because it was difficult for immigrants to get loans.
Reporting on the story Hank Plante says, “A.P. Giannini gave away millions, but died with an estate of only $500,000. He turned down a $1.7 million dollar bonus that the bank wanted to give him, saying they should use it to help their customers instead. and a significant stockholder in the bank he launched.”
To read the full interview and also see the video, here is the link. Heiress Blasts Bankers
MEN ALSO MAKE LOVE MISTAKES: Mistakes-that-clueless-men-make-with-women
Bank Of America Stock Quote, Company News
What is sad here is that I felt I should add a reference page to the list of bank failures. Bank Failures Reported It is noted “The list of Bank Failures and Assistance Transactions is updated through February 20, 2009. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).”
Copyright 2009 Rita Watson