Bank of America 'forced to conceal' Merrill rescue facts

telegraph.co.uk ^ | James Quinn

[April Lexington]

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.

[April Lexington]

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...

[April Lexington]

Time to dump bank stocks until the situation becomes clearer.

[gitmo]

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.

[SeaDragon]

Why does it take the UK to give us news about America?

Well duh!!

Silly question.............

[Protect the Bill of Rights]

“Mr Paulson later testified to Mr Cuomo that he only threatened Mr Lewis “at the request of Chairman Bernanke.”

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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.

[Protect the Bill of Rights]

Just don’t put a horse’s head in my bed.