"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

Here they come! It was only a matter of time. The Wall Street Gang, with help from their media conduits, did everything in their power to get rid of someone who wasn't one of their own.

Right before your very eyes, Wall Street is working to replace BAC's non-ivy league southerner, Ken Lewis, with one of their hand picked cronies.

Never discount the power of these derivative shaping, stock manipulating, false research reporting, conflict of interest group of Wall Streeter's. They can hold down the price of your stock, get the media to discredit your character, to eventually force you to resign. In Ken Lewis' case, they just got him to retire.

You don't have to take my word for it, even Richard Bove, an analyst at Rochdale Securities, said "Bank of America's Lewis Victim of Witch Hunt".

Wall Street's media spin machine couldn't wait to put out news suggesting how "Bank of America's next CEO must rebuild firm's image." they are trying (and will succeed) to get you to believe that the "Gang's" pick for CEO will repair the damage that they helped destroy. My bet is the "Gang" will hand pick the successor, and over the next 5 years, drive the stock much, much higher. It will be a classic "I told you so" story.

The list of candidates mentioned for the vacated CEO's position is nothing more than a who's who of candidates that worked for Wall Street firm's involved in the mortgage derivative crisis, the bogus research reports scandal during the dot-com era, and a long list of other questionable character practices.

If BAC chooses a successor internally, I would be a little less critical. Here are a few names mentioned as possible replacements, and their past associations;

Current BAC Employees:

Thomas Montag- formerly global co-head of securities at Goldman Sachs.

Sallie Krawcheck- former CEO of Citigroup's, Smith Barney division. On August 12, 2009, Ms. Krawcheck bought 63,000 shares of BAC stock @ $15.97 in the open market. Humm...

Outside Candidates:

Charlie Scharf: head of Retail Financial Services at J.P. Morgan Chase.
Jim Hance: of the the Carlyle Group.

The OMG list:

Robert Steele: formerly a vice chairman at Goldman Sachs who screwed Wachovia bank right into the ground.

John Thain: A Wall Street favorite, and was at the helm of Merrill Lynch during the bonus scandal.