Bank of America’s Brian Moynihan Pulls A “Mark McGuire”

by Jacob Zamansky, for Zamansky & Associates Blog, January 19, 2010.

As I was watching yesterday’s hearings convened by President Obama’s Financial Crisis Inquiry Commission I couldn’t help recall how former baseball slugger and admitted steroid user Mark McGuire sidestepped a question at a Congressional hearing about whether he ever used performance enhancing drugs.

“I’m not here to discuss the past,” he replied, a response quite likely coached by his attorneys to ensure he didn’t say anything legally culpable.

Similarly, Bank of America CEO Brian Moynihan gave a deft legal response when testifying before the Financial Crisis Committee.

“It has been clear how poor business judgments we have made have affected Main Street,” he said…(continue reading)

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