Finally, some action against bank malfeasance
imho, this should have happened quite some time ago and, yes, i know the wheels of justice turn slowly, but...
the banksters and our super-rich elites have had to face virtually NO accountability for the havoc they've created... quite the contrary, in fact... they've been systematically REWARDED for it at every turn... their greed has left the u.s. middle class in shambles and taken an even more horrific toll on the most vulnerable world economies, yet perps like ken lewis waltzes on out with his pockets lined with millions and millions of dollars... we simply can't continue to tolerate this kind of shit and kudos to the ny attorney general for having the cojones to step up to the plate... maybe he's picking up where spitzer left off...
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New York AG filing civil charges against BofA
The New York Attorney General's office is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.
Civil charges were also being filed against Joe Price, the bank's former chief financial officer.
Lewis stepped down from Bank of America on Dec. 31 after almost a year of strife that followed the bank's purchase of Merrill Lynch.
Bank of America has been accused of failing to properly disclose losses at Merrill and bonuses paid to investment bank employees before the deal closed.
the banksters and our super-rich elites have had to face virtually NO accountability for the havoc they've created... quite the contrary, in fact... they've been systematically REWARDED for it at every turn... their greed has left the u.s. middle class in shambles and taken an even more horrific toll on the most vulnerable world economies, yet perps like ken lewis waltzes on out with his pockets lined with millions and millions of dollars... we simply can't continue to tolerate this kind of shit and kudos to the ny attorney general for having the cojones to step up to the plate... maybe he's picking up where spitzer left off...
Labels: bailout, Bank of America, banksters, Eliot Spitzer, elites, Ken Lewis, Merril Lynch, New York state, super-rich
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posted by profmarcus at
2/04/2010
