Let the criminal indictments begin: Paulson, Bernanke, Lewis

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annarborgator
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Let the criminal indictments begin: Paulson, Bernanke, Lewis

Post by annarborgator »

New York State Attorney General Andrew Cuomo's letter to the SEC and Senate Banking Committee on the Bank of America, Merrill Lynch Merger provides strong evidence of coercion to commit securities fraud by former Treasury Secretary Paulson and Fed Chairman Ben Bernanke, and actual securities fraud by Bank of America CEO Kenneth D. Lewis.

At issue is Lewis's decision to back away from the merger deal with Merrill Lynch on a MAC (material adverse change) clause because of rapidly deteriorating conditions at Merrill Lynch.
http://globaleconomicanalysis.blogspot.com/2009/04/let-criminal-indictments-begin-paulson.html

Very interesting.
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