Bank of America Heiress: the New Rick Santelli

In a rant that could rank right up there with Rick Santelli’s tirade, Virginia Hammerness, the granddaughter of the man who founded Bank of America in the 1900s, let loose on the current bank’s management in an interview with a San Francisco television station.

From the interview, with CBS Channel 5

“I think its totally repulsive,” Hammerness said when asked what she thinks of Bank of America now. ”What idiots, what kind of idiots are running that bank?”

There’s more. Hammerness also talked with pride about the founding of the bank at the turn of the century, and expressed dismay with the way things have turned out:

She reflected on how her grandfather founded B of A as the Bank of Italy in San Francisco’s North Beach neighborhood in 1904 as a reaction to the fact that the big eastern banks wouldn’t lend to middle class immigrants like Italians.

Hammerness was outspoken about what has happened to the bank that is her family’s legacy, saying she had little doubt that Giannini was “rolling over in his grave.”

She added that her father, who succeeded her grandfather as bank president and “gave his life for the bank,” would have had a similar reaction upon seeing today’s decline of the institution.

Let’s see if her rant gets the same attention as Santelli’s did.