Bank Of America Heiress Blasts Bank Leaders As _Idiots_

I had to read this story twice. Frankly, I’m not sure which is worse. The “idiots” or the heiress complaining about the idiots. Virginia Hammerness is the granddaughter of A.P. Giannini, the founder of Bank of America. She says that she’s repulsed by the current state of affairs at the bank. She’s so repulsed, in fact, that’s she’s done exactly nothing with the money that sits in her account(s) at BofA. Why? She’s “just too lazy to move it somewhere else,” she says. (Shakes head.) From CBS 5 in San Francisco (hat tip Danielle):”I think it’s totally repulsive,” Hammerness said when asked what she thinks of Bank of America now. “What idiots, what kind of idiots are running that bank?” Hammerness directed some of her criticsm at the bank’s decision to go ahead with the purchase of the near-bankrupt Merill Lynch brokerage, even after learning that huge bonuses were paid out to Lynch employees right after the deal was announced.”They bought it and then, you know, they found out before the deal was consumated that the head of Merrill Lynch paid all those bonuses to people. Bank of America should have said forget it,” said Hammerness.Ms. Hammerness does not come off as a sympathetic figure to me. And her comments at the end of the story are silly.