All about Bank of America, because that is where the money is.

Hey fools!

Financial analyst Michael Douglas here

with our senior baking specialist John

John how's it going today it's going great it's going great and for those of

you those of you who are listening I just want to let everybody know that Michael

Michael just got back from a big vacation.

We're happy to have you back. I'm thrilled to be back. Thank you. Jet lag isn't as bad as it was last week.

So I'm only waking up at like 5 in the morning

now as opposed to 1, which is a real plus.

1 o'clock, by the way, is breakfast time in Paris.

It's 7 over there.

So let's jump straight into it.

We've got I think a really interesting and important show for you guys today.

Starting off with headline from our friends at the Wall Street Journal, Faith-based shareholders prepare day of reckoning for Bank of America.

So we've got some groups who are coming after Bank of America because Bank of America

basically backed out of a binding shareholder proposal to separate Chairman and

CEO. Now what was the argument for that proposal in the first place?

Well the argument for that proposal in the first place? Well, the argument for that proposal in the very first place is that, you know, when we went

through the financial crisis, a lot of banks, or a handful of banks separated those chairman and

CEO positions, and the thought process is that

you know the board its responsibility is to oversee the executive

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