"It seems shameful to me that the government has such little understanding of the business reasons to justify why personnel issues should be kept confidential," said Gary Townsend, co-founder of money manager Hill-Townsend Capital in Chevy Chase, Maryland, who said he owns Bank of America preferred shares."
Hey, buddy. Get used to a bit of sunshine on your dealings. You talk about "shameful". Why don't you fully disclose your "business reasons". Are they related to kick-backs, UBS bank accounts, off-the-books payments to your friends and family? Gary Townsend, why don't you disclose your deal where you got preferred BOA shares? These are usually done with sweetheart arrangements.