Ah, spring. Tulips, chocolate bunnies, and…. capitalist conspiracy.
Each spring the shareholders of every major bank get together to make their strategic plans for the year. Bank of America will meet in Charlotte, NC. Wells Fargo’s meeting is at their headquarters in San Francisco’s financial district.
What’s on their agenda? Plain and simple: profiting at the expense of our communities. I can just picture it: a guy in an expensive suit presenting a power point to a conference table full of other people in expensive suits, taking notes on their Ipads.