corner.nationalreview.com - 6/11/2009
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Did the Federal Reserve's Ben Bernanke lie about pressuring the Bank of America not to back out of the Merrill Lynch merger? BofA CEO Ken Lewis made this charge to New York AG Andrew Cuomo, and basically repeated it with a bit of sugar-coating in a House hearing today on Capitol Hill.
The ...
news.yahoo.com - 6/19/2009
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news.yahoo.com —
WASHINGTON A House panel has subpoenaed documents that
lawmakers say could shed new light on Federal Reserve...
Chairman Ben Bernanke's role in Bank of America's acquisition of Merrill Lynch . The subpoena comes ahead of a hearing next week in which ...
(more)
House targets Fed in Bank of America investigation - ...
huffingtonpost.com - 6/10/2009
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huffingtonpost.com —
Treasury and Federal Reserve officials pressured Bank of
America CEO Ken Lewis not to back out of...
a planned merger with Merrill Lynch in December, Lewis will testify on Thursday, according to a copy of his remarks obtained by the Huffington Post. Lewis had previously testified that Treasury ...
(more)
BofA CEO: Fed And Treasury Officials Pressed For, Helped ...
prospect.org - 6/10/2009
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prospect.org —
The Federal Reserve can do what democratic institutions
can't. But its days as a shadow government may...
be numbered.
(more)
Betting the Fed
Comments
Blog Reactions
"The Justice Department Won't Prosecute"
THE CUNNING REALIST —
I don't know why not. Hopefully, this ends any chance he had to be reappointed. During the past year, I've written several times about the possibility of future legal consequences for the bailout principals, particularly the unelected ones in Washington. I'm ready to double-down on that prediction. It's absolutely essential for Congress to rein in what's become a rogue organization with, it increasingly appears, a rogue leader. ...
"An Unnumbered Swiss Bank Account"
THE CUNNING REALIST —
... Grayson has been extremely impressive and he deserves recognition. I don't know anything about Alvarez, so I'm not sure if he's playing dumb in this clip or just doesn't get it. But a potentially important problem with a Fed audit is the extent to which it will go through Alvarez or other non-principals. It's unlikely that activity such as stock market manipulation or illicit transfers would be kept on the Fed's books, at least in easily identifiable form. And having already apparently misled the Joint Economic Committee in May, Bernanke has a credibility problem and can't ...
Related Content
Bank of America CEO Ken Lewis: Truly The Worst?
tpmmuckraker.talkingpointsmemo.com 4/9/2009 — Now that the Obama Administration has started sacking CEOs, MoveOn asking its 3.2 million members to petition Treasury Secretary Tim Geithner to issue Bank of America CEO Ken Lewis's pink slip next, in a move that appears to be related to the union ...
Who's Next on the Corporate CEO Chopping Block?
openleft.com 4/29/2009 — "There's literally billions of reasons to fire Ken Lewis," said SEIU's Stephen Lerner, slamming the controversial Bank of America CEO yesterday on CNBC's "Power Lunch." Just what are these billions of reasons? Well, there's over $5 billion ...
Jerry Lewis - Magnificent Bastard
theanchoressonline.com 2/22/2009 — Lewis is not getting an honorary award for his film work - some of his stuff I love, some I can’t watch, but he certainly was prolific and innovative - but at tomorrow night’s Oscar festivities he’ll be given the Jean Hersholt Humanitarian Award for his years and years of work ...
Bank Of America Planning To Cut 10 Percent Of Branches: Report
huffingtonpost.com 7/28/2009 — CHARLOTTE, N.C. — Bank of America Corp.'s CEO Ken Lewis said he is planning to shrink the bank's 6,100-branch network by about 10 percent, The Wall Street Journal reported Tuesday.
The newspaper said Lewis told investors of the plans at a ...
Did Cassano Shut Out AIG Risk Officers?
tpmmuckraker.talkingpointsmemo.com 3/27/2009 — Did AIG's entire risk management team fall down on the job? Or, like the firm's auditors, were they prevented from doing it?
Yesterday we told you about Bob Lewis, AIG's chief risk officer, who still has his job despite a rather obvious failure ...
Tylenol Killings Investigation: FBI Searches Home Of James W. Lewis
huffingtonpost.com 2/4/2009 — CAMBRIDGE, Mass. — Federal agents on Wednesday searched the home of a man linked to the fatal 1982 Tylenol poisonings in the Chicago area that triggered a nationwide scare and prompted dramatic changes in the way food and medical products are packaged.
No one was ever charged with the ...
WSJ: BofA CEO says was told to be quiet on Merrill
news.yahoo.com 4/23/2009 — NEW YORK Bank of America Chief Executive Kenneth Lewis told the New York attorney general he believed former Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke wanted him to keep quiet about the worsening terms of the bank's acquisition ...
Michael Lewis takes down Warren Buffett
blogs.reuters.com 5/19/2009 — Lewis is no fan of Buffett's , and dwells in his review on many of the investor's weaknesses: his juvenile shoplifting, his dysfunctional family life, his "diet of an eight-year-old". He even explains why he thinks that "there has never been a better ...
Looks Like AIG's Chief Risk Officer Still Has A Job!
tpmmuckraker.talkingpointsmemo.com 3/27/2009 — It seems safe to say that if your job at AIG was to ensure that the company was managing its credit risks effectively, you failed.
Which is why it's interesting that the man who has had that post since at least 2000, Bob Lewis, still appears to ...
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