Comments on: Headless BofA http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Unsympathetic http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/comment-page-1/#comment-8439 Fri, 06 Nov 2009 17:11:56 +0000 http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/#comment-8439 It’s too big to fail and it has no head?

It’s a hydra!

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By: Ken http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/comment-page-1/#comment-8438 Fri, 06 Nov 2009 17:11:49 +0000 http://blogs.reuters.com/felix-salmon/2009/11/06/headless-bofa/#comment-8438 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’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’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.

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