Joe Paul and Bank of America

Joe Paul likes to point to his years of experience working for Bank of America.  The same institution he sued when they found his talents as an executive lacking.  Let us keep in mind that it was banks like Bank of America in cooperation with Wall Street that nearly led to the collapse of our economy.  The marketing of mortgage backed securities as an investment instrument combined with the dishonest practice of lenders covering the losses they knew they would incur nearly destroyed this country. This was all based on greed and we still haven’t recovered from it.  This greed caused lenders to issue loans to people they knew couldn't afford to pay for them in the long run.  In addition it led to predatory lending practices, especially to minorities.   Joe Paul can tell everyone how much experience he has while he worked for Bank of America.  Joe Paul can tell everyone how he was wronged by Bank of America.  But don’t forget that Joe Paul and his fellow executives weren’t complaining about collecting their bonuses either.