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Public Meeting Transcripts

Public Meeting Regarding Fleet Financial Group, Inc., and BankBoston Corporation

Wednesday, July 7, 1999

Transcript of Opening Remarks

0001
                                            Volume I     
                                            Pages 1 to 543
                                            
              
              
              
              
              
              
              
                            Public Meeting Regarding the Proposed 
                            Merger of Fleet Financial Group, Inc. 
                                and BankBoston Corporation
              
              
              
              
              
              PRESIDING:  Dolores Smith, Director, Division of 
                          Consumer and Community Affairs, 
                          Federal Reserve Board
                                        
                                        
                                        
                                        
                             Held at:  Federal Reserve Bank, 
                 600 Atlantic Avenue, Boston, Massachuetts, on 
                      Wednesday, July 7, 1999, at 9:00 a.m.
              
              
                             (Anne H. Bohan and 
                             Carol H. Kusinitz, 
                             Court Reporters)
              
              
              
                                     * * * *
                            
              
              
              
              
              
                            
                                        
              
              
. 0002
                                    I N D E X
              
              SPEAKER                                        PAGE
              
              Dolores Smith                                    10
              
              Terrence Murray                                  15
              
              Chad Gifford                                     24
              
              Gail Snowden                                     30
              
              Agnes Bundy Scanlan                              38
              
              Terrence Murray                                  42
              
              Mayor Thomas Menino                              45
              
              Congressman Michael Capuano                      50
              
              Senator Dianne Wilkerson                         54
              
              Jeanette Boone (for Sen. John Kerry)             64
              
              Larry Ferguson (for Congressman 
                              Patrick Kennedy)                 72
              
              Attorney General Thomas Reilly                   79
              
              Attorney General Richard Blumenthal              84
              
              Denise L. Nappier                                90
              
              Joyce Campbell (for Maude Hurd)                 102
              
              Angie Wilkerson (for Matthew Christian)         107
              
              Lunita Mustafa (for Elnora Thompson)            108
              
              Jennifer Carter                                 110
              
              Gwendolyn Jacobs                                113
              
              Lori Brown                                      118
              
              Eddie Collazo (for Lucy Mateo)                  122
              
              Karen Miller (for Rose Blain)                   124
              
. 0003
                                    I N D E X
              
              SPEAKER                                        PAGE
              
              Reverend Norvel Goff                            127
              
              Margo Strom                                     129
              
              Nancy Korman                                    131
              
              Tandeka Guilderson                              132
              
              Deborah Deceatis                                134
              
              Greg Williams                                   136
              
              Romney Resney                                   139
              
              Richard Lord                                    141
              
              Martha Jones                                    142
              
              William Gillison                                145
              
              Ruth Scott                                      147
              
              Peter Cuenca                                    149
              
              Lyndia Downie                                   151 
              
              Susan Rodgerson                                 152
              
              Robert Regan                                    153
              
              Rosa Minayo Durado                              155
              
              Lynn Swann                                      156
              
              Tripp Jones                                     158
              
              Michael Brown                                   160
              
              Manuel Mirabal                                  163
              
              Frank Moy                                       165
              
              Stephen Dickerman                               166
              
              Reverend Al Sharpton                            168
              
. 0004
                                    I N D E X
              
              SPEAKER                                        PAGE
              
              Martha Yager (for Matthew Lee)                  172
              
              Abdul Jabbar Muhammad                           176
              
              Ellen Feingold                                  181
              
              Ken Guscott                                     186
              
              Ruhi Maker                                      190
              
              Ruhi Maker (for Rashmi Rangan)                  194
              
              Joan Wallace-Benjamin                           199
              
              Martha Yager                                    205
              
              Mr. Albert                                      207
              
              Bruce Marks                                     213
              
              John C. Anderson                                221
              
              Carol Aranjo                                    227
              
              Marc Draisen                                    230
              
              Jeanne DuBois                                   234
              
              Andrew Morehouse                                238
              
              Michael Westgate                                243
              
              Susan Worgaftik                                 246
              
              David Young                                     250
              
              Elizabeth Webster                               258
              
              Denise Flynn                                    259
              
              Linda Whitlock                                  260
              
              Jane Smith                                      262
              
              Paul Guzzi                                      263
              
. 0005
                                    I N D E X
              
              SPEAKER                                        PAGE
              
              Peter Meade                                     264
              
              Alan Macdonald                                  265
              
              Robert Justis                                   266
              
              James Brett                                     268
              
              Ron Machtley                                    269
              
              Felix Soto                                      271
              
              Felix Torres                                    272
              
              Douglas Johnson                                 273
              
              Dennis Langley                                  274
              
              Cherylyn Satterwhite                            275
              
              Jeff Campbell                                   277
              
              Eric Schwartz                                   278
              
              Aaron Lieberman                                 279
                  
              Carl Axelrod                                    281
              
              Michael Widmer                                  282
              
              Edward Lane Reicker                             283
              
              David Brown                                     284
              
              William Farrell                                 285
              
              Congressman Barney Frank                        286
              
              Congressman William Delahunt                    295 
              
              Sonia Alleyne                                   305 
              
              Thomas Callahan                                 310
              
              John Lozada                                     311
              
. 0006
                                    I N D E X
              
              SPEAKER                                        PAGE
              
              Rita Gonzales Levine                            317
              
              Mossik Hacobian                                 321
              
              Ozell Hudson, Jr.                               323
              
              Cathy Malmstrom                                 327
              
              Susan Pearson                                   332
              
              Susan Bodington                                 337
              
              Brenda Clement                                  342
              
              Reverend Joseph Washington                      345
              
              Ray Neirinckx                                   352
              
              Mayor Michael Albano                            357
              
              Representative Jarrett Thomas Barrios           360
              
              Vermelle Parks                                  365
              
              Councilor Gareth Saunders                       369
              
              John Wilson                                     377
              
              Samuel C. Hamilton                              378
              
              Henry Thomas                                    380
              
              Sol Soskin                                      382
              
              Peter A. Gagliardi                              385
              
              Richard Kumro                                   386
              
              Christopher Sikes                               388
              
              F. Carlisle Towery                              390
              
              Jim Morgo                                       392
              
              Karen Phillips                                  394
              
. 0007
                                    I N D E X
              
              SPEAKER                                        PAGE
              
              Phillip Morrow                                  396
              
              Timothy Marshall                                397
              
              Keith W. Stokes                                 400
              
              Jeffrey Pollock                                 402 
              
              David Crowley                                   404
              
              Anne S. Habiby                                  405
              
              Jose Champagne                                  407
              
              Fernando Comulada                               408
              
              Peter Fellenz                                   409
              
              Hierberto Flores                                410
              
              Juan Cofield                                    411
              
              Reverend Frank Kelly                            417
              
              Drew Astolfi                                    421 
              
              James T. Haskell                                424
              
              Wayne M. Burton                                 428
              
              Marcia Peters                                   430
              
              Gail Pisacane                                   433
              
              Leo Sarkissian                                  440
              
              Robert Van Meter                                445
              
              Andrew Grainger                                 450
              
              John O'Connor                                   455
              
              Ned Brown                                       461
              
              Larry Raff                                      465
              
. 0008
                                    I N D E X
              
              SPEAKER                                        PAGE
              
              James Campen                                    469
              
              Robert Davis                                    477
              
              Donald Glass                                    480
              
              Frank Carvalho                                  487
              
              Roger Colton                                    491
              
              Pat Cusick                                      496
              
              David Harris                                    500
              
              Reverend William Barnwell                       506
              
              Bruce Bolling                                   509
              
              Alvin Porter                                    513
              
              Luz Santana                                     515
              
              Greg Vickers                                    517
              
              Roger Garvin                                    522
              
              Vickie Hurewitz                                 524
              
              Greg Timilty                                    529
              
              R. K. Schwartz                                  533
              
              Dennis Flynn                                    538
              
              
              
              
              
              
              
. 0009
          1                   P R O C E E D I N G S
          2            MR. WALKER:  Good morning, ladies and 
          3   gentlemen.  If you'll be seated, we'll try to get 
          4   these proceedings started.  My name is Richard 
          5   Walker.  I'm the Vice President for Public and 
          6   Community Affairs here at the bank.  Just a few 
          7   announcements.  If you are a speaker, please 
          8   register at the speaker's desk if you want to give 
          9   remarks today.  
         10            Also if you're a member of the press, 
         11   please register at the press table.  Once you've 
         12   registered as speakers, please be in the speaker 
         13   assembly area at least 15 minutes before you are 
         14   about to come on.  
         15            Also, the use of cellular or portable 
         16   phones in the auditorium is prohibited.  We want to 
         17   have these proceedings move as quickly as possible 
         18   without the distractions of the cellular phones.  
         19   Thank you. 
         20            In terms of the restrooms, they're out the 
         21   door and to your left, and if you have any 
         22   questions, please see me or any of the staff with 
         23   the tags on them during the course of the day. 
         24            Now I will turn the proceedings over to the 
         25   Presiding Officer, Dolores Smith, who is the 
. 0010
          1   Director of Consumer and Community Affairs at the 
          2   Federal Reserve Board of Governors.  Dolores. 
                                                            
	
Last update: December 3, 2010