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Bank of America 'forced to conceal' Merrill rescue facts
telegraph.co.uk ^
| James Quinn
Posted on 04/24/2009 1:34:34 PM PDT by Kartographer
Mr Paulson later testified to Mr Cuomo that he only threatened Mr Lewis "at the request of Chairman Bernanke."
(Excerpt) Read more at telegraph.co.uk ...
TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: banking; bernanke; bofa; fed; merrillynch; ml; paulson; wallstreet
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To: Kartographer
Since the Securities Act of 1933, the Federal government has stood for full and fair disclosure of all material facts. Until today. Now, the Federal government is manipulating markets by mandating the CONCEALMENT of material facts. Ivan Boesky, Michael Millkin, et al went to jail for concealing material facts.
Obama is a total piece of sh*t.
21
posted on
04/24/2009 9:18:45 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Kartographer
You cannot be a good American citizen and not fight these monsters. Its time to leave the union and start over. The USA is broken...
22
posted on
04/24/2009 9:20:27 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: RummyChick
Time to dump bank stocks until the situation becomes clearer.
23
posted on
04/24/2009 9:21:29 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Kartographer
At a later board meeting, on December 30, the BoA board stressed it was not influenced by the threat of removal and that it was only going along with the government's requests because of "serious concerns regarding the status of the US financial services system" were it to pull out of the Merrill deal
Then let them work for 0bama instead of BOA.
24
posted on
04/24/2009 9:25:05 PM PDT
by
gitmo
(History books will read that Lincoln freed the slaves and Obama enslaved the free.)
To: RikaStrom
Why does it take the UK to give us news about America? Well duh!!
Silly question.............
To: Kartographer
“Mr Paulson later testified to Mr Cuomo that he only threatened Mr Lewis “at the request of Chairman Bernanke.”
I bet it did not take much arm twisting for that revelation.
Also:
1. The threat to oust Lewis
2. Hiding losses from shareholders
I’m no lawyer but that sounds illegal to me.
To: dfwgator
Just don’t put a horse’s head in my bed.
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