BofA must return $500 million seized Lehman deposits

http://www.reuters.com/article/idUSTRE6AG4Q720101117 ^ | November 17, 2010 | Santosh Nadgir and Jonathan Stempel

[driftdiver]

They worked together on it.

[driftdiver]

I prefer to do business with smaller regional banks. They provide a better level of service.

[freekitty]

Actually some of the bad stuff really got started when the insurance companies went into business with the brokerage houses to make mutual funds have cash values. That sure got the ball rolling.

[Neidermeyer]

BofA didn’t not want ML or to be a part of TARP. They were threatened by the government with ruin if they didn’t play along.

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BofA is bankrupt and requires the governments continued assistance to keep the doors open (FNM & FRE playing along that the debts are really secured and not wild instruments) ,, BofA has $120B OR MORE in bad mortgage backed debt just from their CW purchase that they will be forced to buy back from the true lenders. To say they don’t want the gov’ts help MAY be true but it misses the point that they don’t have a choice in the matter.

[Pollster1]

BofA didn't not want ML or to be a part of TARP. They were threatened by the government with ruin if they didn't play along.

Not relevant, even if true. They should have stood up to the illegal pressure both for ethical reasons and for business reasons.