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Investigators say Fed threatened bank CEO
Associated Press via Yahoo ^ | 6/10/09 | Anne Flaherty

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 ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: bernanke; bush; bushanticapitalism; bushlegacy; bushsfault; bushthesocialist; fed; gwb43; obama; paulson; tm
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The Al Capone administration.
1 posted on 06/10/2009 4:42:44 PM PDT by Carling
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To: Carling

Imagine...if Pres. Bush — nah!


2 posted on 06/10/2009 4:43:40 PM PDT by 668 - Neighbor of the Beast (Confirm thy soul in self-control, thy liberty in law.)
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To: Carling

We have a ‘hood’ in the WH.


3 posted on 06/10/2009 4:44:32 PM PDT by RushIsMyTeddyBear (Obama. Clear and Pres__ent Danger.)
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To: Carling

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.


4 posted on 06/10/2009 4:47:38 PM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: Carling

Oh wait, Republicans made the accusation. The teabagging doctor-martyring greedy racist birthers. They’re just so mean!

Halliburton.


5 posted on 06/10/2009 4:48:43 PM PDT by 668 - Neighbor of the Beast (Confirm thy soul in self-control, thy liberty in law.)
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To: Carling

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.


6 posted on 06/10/2009 4:49:00 PM PDT by Tarpon (You abolish your responsibilities, you surrender your rights.)
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To: Tarpon

Actually, this happened under the Bush administration, didn’t it?


7 posted on 06/10/2009 4:51:08 PM PDT by Carling ("We've lost two people in my family because you dickheads won't cut trees down," - Warwick Spooner)
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To: Carling

Nothing to see here.... move along...


8 posted on 06/10/2009 4:51:28 PM PDT by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: Carling

ping


9 posted on 06/10/2009 4:51:46 PM PDT by ocr1 (http://www.youtube.com/watch?v=yt1fYSAChxs)
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To: silverleaf
Wall Street needs to take a lesson from that CEO who stood up to Spitzer's bullying when he was NY AG. That started people thinking that the sheriff of Wall Street may have a personality disorder.

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.

10 posted on 06/10/2009 4:54:37 PM PDT by xkaydet65
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To: Carling

11 posted on 06/10/2009 4:55:35 PM PDT by Leisler ("It is terrible to contemplate how few politicians are hanged."~G.K. Chesterton)
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To: Carling

Hard to know who to root for- the big banks aren’t exactly my friends now-


12 posted on 06/10/2009 4:58:09 PM PDT by PghBaldy (Prince Arugula and Lady Armpit, AKA BO & MO are driving me batty!)
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To: RushIsMyTeddyBear

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.


13 posted on 06/10/2009 4:58:23 PM PDT by Integrityrocks
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To: RushIsMyTeddyBear

This is about accusations against the previous WH and the Fed.


14 posted on 06/10/2009 4:59:45 PM PDT by PghBaldy (Prince Arugula and Lady Armpit, AKA BO & MO are driving me batty!)
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To: Carling; informavoracious; larose; RJR_fan; Prospero; Conservative Vermont Vet; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of interest.

Obama Says A Baby Is A Punishment

Obama: “If they make a mistake, I don’t want them punished with a baby.”

15 posted on 06/10/2009 5:00:17 PM PDT by narses (http://www.theobamadisaster.com/)
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To: Integrityrocks
And who is going to charge, covict, and remove them from office?

The same SCOTUS that just turned bankruptcy laws on their head by letting the Chrysler deal go ahead?

Yeah right. Pull my other leg.

16 posted on 06/10/2009 5:02:46 PM PDT by Dead Corpse (III)
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To: Carling

Is there any difference?

I think the fed is at the root of a whole lot of things, like zero down, no interest mortgages.


17 posted on 06/10/2009 5:03:06 PM PDT by Tarpon (You abolish your responsibilities, you surrender your rights.)
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To: Carling

Well, the offended party has to step forward and pursue this. If the CEO keeps mum, then MUMs the word.


18 posted on 06/10/2009 5:04:21 PM PDT by 4Speed
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To: xkaydet65

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”.


19 posted on 06/10/2009 5:08:59 PM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: Carling
Freaking Bullsh!t PROPAGANDA and MANIPULATIONS from the damn democrat AP...

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.

20 posted on 06/10/2009 5:11:35 PM PDT by Prole (Please pray for the families of Chris and Channon. May God always watch over them.)
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