WH Chicago Thugs at Work Again

As of June 11, 2009, B of A was forced to purchase Merrill Lynch through the strong arming of Harry Paulson and Ben Bernanke. Despite what he says in this article, that he felt he was doing no wrong.

http://www.transworldnews.com/NewsStory.aspx?id=93533&cat=5

Ken Lewis, Head of Bank of America, did have emails stating that he and others at B of A knew this transaction would not be good for the stockholders. Of course, for these shenanigans, B of A received TARP funds back in January. B of A also receives $2.39B loss and Merrill Lynch more than $15B loss.

And the WH and Congress can’t figure out why we don’t trust them when they meet behind closed doors.

Inn the Business Insider, dated Feb 2, 2009, it tells of Lewis seeing the writing on the wall, but being strong armed by Treasury Secretary Harry Paulson and Federal Chairman Ben Bernanke, refused to let Lewis and B of A out of this deal gone wrong.

http://www.businessinsider.com/2009/2/did-the-government-force-bank-of-a...

Emails prove that Lewis knew this was a bad deal.

http://online.wsj.com/article/SB125549255846684293.html?mod=rss_whats_ne...

Yet NPR even admits that Paulson felt his bullying actions had merit in this October 15th article.

http://www.npr.org/blogs/thetwo-way/2009/07/paulson_defends_pushing_bank...

On October 2, the Huffington Post writes how Ken Lewis is retiring with a big fat check from past pension plan monies of $53 M. and retirement benefits. This is crazy; the criminals are paid off for their lechery.

So much for being in trouble for cheating and lying to the public.

http://www.huffingtonpost.com/2009/10/02/ken-lewis-bonus-boa-ceos_n_3074...

There is a bigger picture here. Merrill Lynch seems to be the hub of this tangled web connected to the Fed (because their finger prints are all over this deal), the Economy (TARP funds), and Bear Stearns (be prepared for more episodes of financial sabotage and federal thugary).