Thursday, May 13, 2004
BOA Constricts Romney Jobs Boast

When word slithered out that Bank of America (BOA) was taking over FleetBoston Financial Corp, Willard Mitt strutted arounding claiming "I'll be spending some time with them to make sure that we have a clear understanding - we preserve jobs in Boston and Massachusetts. It's all about jobs." (source: Boston Herald, 10/28/2003)

A BOA spokeswoman recently confirmed that the merger would result in upwards of 12,500 layoffs. Meanwhile, two-thirds of Fleet's Boston-based treasury and global capital markets divisions employees have already been cut. (source: Boston Globe, 4/28/2004)

Looks like, as far as Team Reform is concerned, it's less 'all about jobs' than 'all about symbolism.'

As for 'spending some time with them,' Fraudo, next time we suggest you instead send someone who can help.


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