But the plain truth is. I think if people look at what is happening to NationsBank and Bank of America. even though both of them have excellent records. and in the reports that are filed annually have consistently received high ratings. yet they are being shaken down by protesters who are trying to hold up their merger. asking for additional concessions. When we look at what California First Bank and this Japanese affiliate were forced to do. in terms of payments of cash. in terms of hiring people to serve on "advisory boards." it reminds me of an immigrant merchant working with his family. This immigrant merchant is trying to eke out a living in a little store. when these big heavies walk into his store and say: You know. you need protection. You need somebody to make sure that somebody doesnt come in here and tear up your business or hurt you. And you give us 5 percent of what you earn and we will protect you.
Identified stereotypes
Immigrant merchants are vulnerable and need protection.