Posted on 06/10/2009 8:52:37 PM PDT by Nachum
WASHINGTON – The Federal Reserve threatened to force the ouster of Bank of America CEO Kenneth Lewis if he didn't follow through with plans to buy Merrill Lynch & Co., Republicans said Wednesday after reviewing internal documents.
Republicans also said there was evidence that the government tried to restrict information related to the merger from being publicly released.
(Excerpt) Read more at news.yahoo.com ...
Yahoo carried this? Wow!
I believe this. Facism is here and is alive and well.
I am not surprised.
With every day and with every new story, I can’t help but hear boots marching in the back of my mind.
ALWAYS a witness to every massacre!!!
And who was POTUS when B of A acquired Merrill??
I was thinking it was Bush and Paulson. Prosecute whoever was involved or had knowledge.
“However, none of the documents showed that the government explicitly instructed Bank of America to hide Merrill Lynch’s losses from shareholders, they said.”
Of course not. Ken Lewis admitted in his testimony to Cuomo that the Fed would not put anything in writing for just this reason. Because they did not want a paper trail. I have no doubt that this game of blackmail and arm twisting has been on going between the FED and so many institution’s. If we only had a hidden cam. Then there is all the insider trading stuff that is going on, and the market, and treasury manipulation. wanna bet that certain former investment banks have a RED phone straight to Ben and Timmie’s office.
As is often the case...The dollar is being sacrificed tonight to push treasury yields down so that the USA can keep borrowing more money.
Bookmark.
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