It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
[the Bank Owner] begged his board of directors to let him tell the Feds to go take a hike. The board caved. He was forced – the board was forced to issue a class of stock just for the federal government. The federal government owns 2 percent of this huge bank. As a result of that minority ownership, they now want to control salaries. They want to see his books and they want to tell him who he can do business with.