The axe!

Ken Lewis got voted out of his chairman of the board position today at B of A. Although I'm not sure what that means considering that he remains on as the president and CEO of the company. Does this mean that his golden parachute will be filled with an anvil? Read here.

Treasury to Citi and BOA: Drop Dead

The early results from the financial "stress tests" that the treasury department ran on the big 19 are back.  It does not look good for Citi and BOA.  Get ready for another lesson in fuzzy math.  This time it seems the banks are upset with the revenue projections that the government is making.  I think fudging revenue is a freshman course for a fuzzy math major.... this should be easy. Read here.

Ken Lewis could finally be out a Bank of America

B of A votes today on the fate of Ken Lewis.  Even if he is ousted im sure he will surface again somewhere in the incestual financial industry.  Maybe he can move to head the New York fed and complete the cycle.  Read here.