Subject: Re: BOA
And then you get visibility into "banks" like FRC, which based on the reporting in today's WSJ is an extended family enrichment machine - tens of millions of dollars annually going to the CEO and his in-laws, cousins and buddies all on the "executive team". Taking full advantage of ZIRP, but now getting deservedly crushed. As Rational said, "anyone who looked at the [complex] proxy would have seen this coming".