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	<title>Comments on: Headless BofA</title>
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	<link>http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/</link>
	<description>A slice of lime in the soda</description>
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		<title>By: Unsympathetic</title>
		<link>http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/comment-page-1/#comment-8439</link>
		<dc:creator>Unsympathetic</dc:creator>
		<pubDate>Fri, 06 Nov 2009 17:11:56 +0000</pubDate>
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		<description>It&#039;s too big to fail and it has no head?

It&#039;s a hydra!</description>
		<content:encoded><![CDATA[<p>It&#8217;s too big to fail and it has no head?</p>
<p>It&#8217;s a hydra!</p>
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		<title>By: Ken</title>
		<link>http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/comment-page-1/#comment-8438</link>
		<dc:creator>Ken</dc:creator>
		<pubDate>Fri, 06 Nov 2009 17:11:49 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/#comment-8438</guid>
		<description>Dear Board of Bank of America,

Please accept this as my application for the position of CEO of your enterprise.  I am willing to accept only half the compensation of the previous occupant of the chair.

Perhaps I should mention that I will be working from the premise that BoA cannot survive, since that seems to be everyone&#039;s belief.  So, rather than prolong the agony with further denial (you might want to look up the stages of grief), my plan will be to conduct an orderly break-up of the enterprise, followed by a prepackaged bankruptcy and/or FDIC receivership for whatever parts can&#039;t be sold.

Although this may seem harsh, I feel that it will provide much-needed certainty in the broader financial market.  This will more than compensate for the losses suffered during the wind-down of the zombie corporation.

Thank you for your consideration.</description>
		<content:encoded><![CDATA[<p>Dear Board of Bank of America,</p>
<p>Please accept this as my application for the position of CEO of your enterprise.  I am willing to accept only half the compensation of the previous occupant of the chair.</p>
<p>Perhaps I should mention that I will be working from the premise that BoA cannot survive, since that seems to be everyone&#8217;s belief.  So, rather than prolong the agony with further denial (you might want to look up the stages of grief), my plan will be to conduct an orderly break-up of the enterprise, followed by a prepackaged bankruptcy and/or FDIC receivership for whatever parts can&#8217;t be sold.</p>
<p>Although this may seem harsh, I feel that it will provide much-needed certainty in the broader financial market.  This will more than compensate for the losses suffered during the wind-down of the zombie corporation.</p>
<p>Thank you for your consideration.</p>
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