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Wednesday, March 11, 2009
Boomer with Attitude / News Hey Bank of America: Save the schools!
Posted By John Grooms on Wed, Mar 11, 2009 at 10:26 AM
You hear it all the time: Charlotte is a can-do city where the corporate elite step up to the plate when there's a compelling community need. We saw it recently when high rollers and other citizens, led by the Foundation for the Carolinas, ponied up $2.6 million for the Critical Needs Response Fund to help local charities continue to aid the poor during our current economic tsunami.
Now the community faces a potential $87 million shortfall in funds for Charlotte Mecklenburg Schools school system. Superintendent Peter Gorman is making plans to lay off nearly 500 teachers, but here's a better idea: Let Bank of America make up the difference.
Yes, the behemoth bank is hurting, but it also owes the community something extra for having caused so much upheaval via bad policy decisions and massive layoffs. BofA, remember got $45 billion — that's billion — from the federal bailout. The schools are "only" facing an $87 million shortfall ... essentially, pocket change for Ken Lewis & Co. Here's a chance for the Lewis Gang to boost their severely soiled local image and, meanwhile, help out the city that's been so good to them.
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