Meltdown Aftermath

Discussion in 'Miscellaneous' started by pettyfog, Jun 15, 2009.

  1. pettyfog

    pettyfog Well-Known Member

    Jan 4, 2005
    At question: Did the Fed pressure Bank of America CEO Ken Lewis into absorbing failing Merrill Lynch?

    Bloomberg seems to think so.. but Lewis walks the fine line. Why do you suppose?

    Then Dennis Kucinich {famed for economic acumen as Cleveland Mayor} nails Lewis to the wall for asking for a letter from the Fed to cover his ass against Shareholder suits.

    Now, consider the ramifications on what the guy says, what he MIGHT say, then think back to the time, kids... tell me again how great it would be to be a finance company CEO?

    Just reporting.. you decide.
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