Posted on 06/10/2009 4:42:44 PM PDT by Carling
WASHINGTON (AP) -- 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.
However, none of the documents showed that the government explicitly instructed Bank of America to hide Merrill Lynch's losses from shareholders, they said.
(Excerpt) Read more at finance.yahoo.com ...
Imagine...if Pres. Bush — nah!
We have a ‘hood’ in the WH.
Time for Wall Streeters to grow even half the stones of our military, and go public and very very loud when threatened by political gangstas
Stand on the steps of the US Capitol and tell tell tell-
then dare the obama trotskyite team to misuse the IRS, SEC and FBI for retaliation. Only when citizens get mad as hell and won’t take it anymore do we have a chance of stopping this.
Oh wait, Republicans made the accusation. The teabagging doctor-martyring greedy racist birthers. They’re just so mean!
Halliburton.
What did people think they were getting when they elected this Chicago thug?
And now people are surprised at what they got? The CEO probably voted for and raised money for ZERO.
Actually, this happened under the Bush administration, didn’t it?
Nothing to see here.... move along...
ping
Trips should be made to some investigative supply merchants so that future phone, electronic, and personal communications can be recorded for future use in court or on FoxNews.
Hard to know who to root for- the big banks aren’t exactly my friends now-
You are so right, but Chicago politics will not work long term in DC. This administration has only been in power 6 months and they are already dangerously close to hanging themselves with corruption tactics and abuse of power charges. Someone is going to get impeached or shot if they don’t “get it” pretty fast that this stuff isn’t going to sit with the American heartland.
This is about accusations against the previous WH and the Fed.
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Obama Says A Baby Is A Punishment
Obama: “If they make a mistake, I don’t want them punished with a baby.”
The same SCOTUS that just turned bankruptcy laws on their head by letting the Chrysler deal go ahead?
Yeah right. Pull my other leg.
Is there any difference?
I think the fed is at the root of a whole lot of things, like zero down, no interest mortgages.
Well, the offended party has to step forward and pursue this. If the CEO keeps mum, then MUMs the word.
Plenty of Wall Street execs, stockbrokers, hedgefund people, etc ... became heroes on 9-11. Both in the Towers and on Flight 93.
They stood up to the islamofascists and tried to save as many of their fellow citizens as they could.
Now these men and women need to stand up to and expose these disgusting human warts and gangstas obama has planted in his growing stable of unelected, unaccountable “czars” and “special masters”.
What is really going on:
"WASHINGTON (AP) -- The DEMOCRATS 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 DEMOCRATS tried to restrict information related to the merger from being publicly released.
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