So, as a result of belt tightening operations Bank of America has laid20 senior executives, “including some longtime supporters of Chief Executive Officer Kenneth Lewis.”

To take out the tree, go after the roots first. Kenny boy, architect of the buyout of Countrywide Financial that has made BoA the target of suits by both states protecting mortgage holders and investors who hold Countrywide mortgaged backed securities, is on the way out.

Yet another “Master of the Universe” who thought that he could spin sh%$ into gold.