• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Two Years After Hiring Her, Bank Of America Sacks Sallie Krawcheck, Announces Other "Delayerings"

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Tue, 09/06/2011 - 18:04 | 1639730 NoBull1994
NoBull1994's picture

Top layer about to be gone...

Tue, 09/06/2011 - 18:23 | 1639786 Pladizow
Pladizow's picture

They are simply rearranging deck chairs as the Titanic sinks!

Ladies and children first.

Tue, 09/06/2011 - 19:00 | 1639940 Drag Racer
Drag Racer's picture

I'm just curious who is in charge of the shredders? Isn't it funny to see Smurfit's stock tank in such a scrap paper boom...

Tue, 09/06/2011 - 19:09 | 1639964 Pure Evil
Pure Evil's picture

So what happened, did Sallie miss the vital meeting on how to smoke the CEO sausage, or the memo on pressing lips gently to posteriors of top level execs?

Tue, 09/06/2011 - 19:25 | 1640007 Ahmeexnal
Ahmeexnal's picture

they dumped Sallie Bouncedcheck? wonder why...maybe she refused to join the scientologists.

Tue, 09/06/2011 - 23:57 | 1640807 connda
connda's picture

In charge of the shredders?  The SEC.

Tue, 09/06/2011 - 19:55 | 1640117 Rodent Freikorps
Rodent Freikorps's picture

She's in banking. She's no lady.

Tue, 09/06/2011 - 21:28 | 1640423 jez
jez's picture


There's been a good deal of successful "De-layering" of the stock price as well.

Not mentioned, oddly.

Tue, 09/06/2011 - 18:05 | 1639735 1835jackson
1835jackson's picture

de-layering funny as fuck

Tue, 09/06/2011 - 18:07 | 1639743 caerus
caerus's picture

no shit...wtf is de-layering? grab yo last paycheck krawcheck!

Tue, 09/06/2011 - 18:08 | 1639748 Rainman
Rainman's picture

...yeah, de-layering must mean she wasn't puttin out or talks too much. Both are grounds for getting de-layered.

Tue, 09/06/2011 - 18:17 | 1639778 ihedgemyhedges
ihedgemyhedges's picture

Maybe.  More likely was she didn't have any incriminating pics............

Tue, 09/06/2011 - 18:45 | 1639897 macholatte
macholatte's picture

I'd like to know what it's costing BofA to "let her go".


2007 Most Powerful Women rank:  12
2006 Total compensation: $10.6 million


Tue, 09/06/2011 - 18:56 | 1639931 Rainman
Tue, 09/06/2011 - 19:01 | 1639943 NumberNone
NumberNone's picture

According to Wiki...while at Citi she was called 'The Last Honest Analyst' by Fortune. This caused her to get run by Pandit.  Honesty could be a liability in an organization like BofA.


Tue, 09/06/2011 - 21:52 | 1640486 HardwoodAg
HardwoodAg's picture


Tue, 09/06/2011 - 18:06 | 1639738 OpenEyes
OpenEyes's picture

Women and children first!


Tue, 09/06/2011 - 18:07 | 1639740 RobotTrader
RobotTrader's picture

BAC's problems in California is giant branches inherited from Security Pacific.  These places are huge, with vacant office space and unused lobby space all over the place.  Bulletproof glass on a teller line that has 16 stations and only 4 tellers. They need to close all these huge branches built in the 1960's and 1970's and layoff all those employees that work in these giant compounds.

But, on the other hand, JPM is building brand new, state of the art branches all over L.A. but they are modern, much smaller, and apparently they make $1 million/yr. on each new location here within 12 months.

Tue, 09/06/2011 - 18:45 | 1639899 SwingForce
SwingForce's picture

How is that possible?

Tue, 09/06/2011 - 18:49 | 1639912 lizzy36
lizzy36's picture

Because they also warehousing gold and silver at those state of the art locations....duh.

Tue, 09/06/2011 - 19:12 | 1639974 Pure Evil
Pure Evil's picture

Probably selling crack and pimpin' out whores in the back.

Tue, 09/06/2011 - 19:26 | 1640019 Ahmeexnal
Ahmeexnal's picture

Pure Evil has the correct answer.

Tue, 09/06/2011 - 21:17 | 1640390 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

More likely they're out back SMOKIN' the crack...They don't have the sense left to stay out of the stash.

Tue, 09/06/2011 - 22:48 | 1640668 rcintc
rcintc's picture

No safety deposit boxes in the new branches...not cost effective.

Tue, 09/06/2011 - 22:41 | 1640654 Dave Thomas
Dave Thomas's picture

The new Chase banks probably have less of a startup cost than a Taco Bell, they are about the same size. But instead of serving you taco meat that looks like it came from a babies diaper, they hammer their customers a myriad of fees, fees, and more fees.


That's how those little roachy places clear 1 mil a year.

Tue, 09/06/2011 - 22:49 | 1640671 pods
pods's picture

Pretty simple to make money like that:

Create money out of thin air and lend it at interest.  


Tue, 09/06/2011 - 22:48 | 1640665 QQQBall
QQQBall's picture

Yeah and when did they do that deal;  like 1989 or early 1990s and those branches are BAC's problem in California?  BAC's main problem is that they have ugly tellers. Seriously though, those branches generally came with some dirt, but the 12,000 SF SPNB branches with 50% improved mezzanine are not functional, they should have been sold during the boom.  Chase is definitely in expansion mode, but its odd its new construction as there are bound to be a bunch of branches coming available.


IF you want a lesson in biz culture - look at the USB branches and offices and then look at the SDNB branches they got from the FDIC... Some of those SDNB branches are beautiful.... wonder why they went poof!  USB runs a tight ship.

Wed, 09/07/2011 - 04:33 | 1641245 SoCalBusted
SoCalBusted's picture

Local BoA branch here just added bullet proof encasement of all the teller areas.  Getting ready for the run?  WaMu was rather peaceful, but maybe the sheeple are a little more savvy these days.

Tue, 09/06/2011 - 18:08 | 1639741 mynhair
mynhair's picture

She's that bad?  Shouldn't it be 'de-laying'?

How do you do that, anyway?  Have a few I'd like to de-lay!

Tue, 09/06/2011 - 18:24 | 1639798 Pladizow
Pladizow's picture

You are confused with Re-lay!

Tue, 09/06/2011 - 19:59 | 1640133 Rodent Freikorps
Rodent Freikorps's picture

I think he's right.

You can't un-fuck someone.

Tue, 09/06/2011 - 22:09 | 1640547 HardwoodAg
HardwoodAg's picture

lays..like frito and Kenneth's?

Tue, 09/06/2011 - 18:08 | 1639744 TideFighter
TideFighter's picture

Delayering? More like scraping off the jellied scum on a canned ham. Hopefully, there's some real pork down under.

Tue, 09/06/2011 - 18:09 | 1639752 TradingJoe
TradingJoe's picture

Soon Sallie will be darn happy to be out the door when BAC goes down!

Tue, 09/06/2011 - 18:28 | 1639819 IMA5U
IMA5U's picture

Sallie is always darn happy to go down

Tue, 09/06/2011 - 18:11 | 1639757 Misean
Misean's picture

Well, she can spend more time with her family now. If I were a taxpayer teet sucking bankster with such sudden free time, I'd be looking for land in a non-extradition country.

Sat, 08/04/2012 - 23:32 | 1639823 IMA5U
IMA5U's picture


Tue, 09/06/2011 - 18:11 | 1639759 TideFighter
TideFighter's picture

Bravo. Get the pussy-cat out the door before the SHTF. She's somebody's favorite go-to gal. 

Tue, 09/06/2011 - 18:30 | 1639833 IMA5U
IMA5U's picture

everyone's favorite pussy or the back door.  and somebody's favorite go-go gal

Tue, 09/06/2011 - 18:12 | 1639760 falak pema
falak pema's picture

Delayering is Mayerling with a Krawcheck who draws her check and leaves the BofA datcha like a jaded MarY Vetsera. Goodbye and good luck. At least she leaves before the Mayerling suicide...not like the real role model...

Tue, 09/06/2011 - 18:12 | 1639761 The Heart
The Heart's picture

Could it be that people are finding out fast who and what the game is all about?


Tue, 09/06/2011 - 23:47 | 1640772 pods
pods's picture

Been a while since I have looked into the whole 911 thing.  The suitcase Rosetta Stone is the most absurd.

Just goes to show that if you repeat the lie enough people will believe it.


Tue, 09/06/2011 - 18:16 | 1639776 Atlantis Consigliore
Atlantis Consigliore's picture

"Merrills  sold  lock stock barrell,  for 40 cts on the dollar cheap.


cheep cheep cheep.....



Tue, 09/06/2011 - 18:22 | 1639794 bill1102inf
bill1102inf's picture

Y'all had best un short yourselves because when Europe switches over to 'Mark To Fantasy Land' , the world is going to R A L L Y, and gold is, of course, going to reverse.

Tue, 09/06/2011 - 18:26 | 1639803 Pladizow
Pladizow's picture

You forgot to finish with "Sarc Off".

Tue, 09/06/2011 - 18:24 | 1639799 disabledvet
disabledvet's picture

Is she hot? Anywho anyone who's anyone could have seen this coming: Donald Trump announced that he was buyin BofA to follow on with the Buffay. Word is they had The Donald actually do it because, well...who better actually. Nobody can say "your fired" better than him.

Tue, 09/06/2011 - 18:30 | 1639836 Dingleberry
Dingleberry's picture

Hot or not, any chick can make 50k per year plus, if she is PROPERLY MOTIVATED.......it's only a question of inhibitions.

Tue, 09/06/2011 - 18:35 | 1639857 Seasmoke
Seasmoke's picture

thats $150 a day with not many days off......seems a bit high for many of the things i have seen walking (or using a scooter) lately

Tue, 09/06/2011 - 22:17 | 1640578 disabledvet
disabledvet's picture

She's unin...unin...uninhabited you say? Wow. I mean...WOW! Wow.

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