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| User Info | Still Looking For A Cop: Lewis in forum [Ticker] | ||||
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Genesis Posts: 66463 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/998-St....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-04-29 13:52:53
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Phantomace Posts: 1525 Incept: 2009-03-16 
Las Vegas, NV, and your screen
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Wondering how many shares Lewis and board members sold from their own personal holdings between the first "you will do this or else" conversation and the disclosure of how bad it really was afterward. Might be an interesting bit of info to find. ---------- "That was a little trick I call math. Oops, now I'm not emotionally invested..." - Dilbert The only good thing I have to say about Barney Frank is at least he's not breeding... 2009-04-29 13:56:45
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Mondocondo Posts: 3071 Incept: 2007-12-03 
Miami
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This gets more interesting by the day. Basically, the CEO and the Board made a unilateral decision as to what they thought was in the best interests of the company and therefore the shareholders without asking the shareholders if they agreed. Now that's an interesting theory of corporate and securities law which I don't believe has any legal precedent.
2009-04-29 14:04:00
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Wisc-xc Posts: 4479 Incept: 2007-07-14
outside chicago
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Any shoes hurled at his pie hole yet?
2009-04-29 14:06:50
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Jinxx0r Posts: 2019 Incept: 2007-08-10
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---------- "Americans grew tired of being thought of as dumb by the rest of the world, so in 2008, they went to the polls and removed all doubt" ~~ unknown http://www.youtube.com/watch?v=2x2W12A8Qow http://www.youtube.com/watch?v=4pXfHLUlZf4 2009-04-29 14:22:19
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Donethat Posts: 52 Incept: 2009-04-22
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CEO Lewis got separated from Chairman of the Board at the stockholder meeting. 2009-04-29 19:08:51
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Lms Posts: 167 Incept: 2008-09-30
Punching Bernanke in the face
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I can't believe they allowed him to remain as CEO. He admitted to concealing material information prior to the ML merger!! It is no wonder these guys think they can get away with anything - shareholders are not holding them accountable. Systemic risk costs should be borne by the government, not BofA shareholders. Was there a secret promise that the Fed would make BofA whole on the ML losses? Time to put some of these ****ers under oath. 2009-04-29 19:55:01
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Seedyrum Posts: 267 Incept: 2009-04-09
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LIKE SEN DURBIN SAID: BANKS OWN THE SENATE THE SENATE WILL ENACT SSOME LEGISLATION TO ABSOLVE LEWIS AND PAULSEN OF ANY WRONG DOING CALLED AMNESTY RETROACTIVELY> 2009-04-29 19:57:50
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Bozonian Posts: 13051 Incept: 2007-09-01
PFT - Pure F'n Tin
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Ah, the days when juvenile delinquents wore ties.
---------- If deficits don't matter, then the Federal Government can borrow the money it needs and stop taxing the citizens. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. 2009-04-29 23:16:46
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Mliu_01 Posts: 10084 Incept: 2007-07-15
Corona CA
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Stop looking for cops, start looking for pitchforks. ---------- Pretend and extend will end when 1.pitchforks showing up on the street. 2.comex does not have enough gold. Last modified:
2009-04-30 01:02:50 by mliu_01
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Laura Posts: 2663 Incept: 2008-05-05
Florida Space Coast
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Yep, the pitchforks and torches will arrive before the cops wake from their naps.
---------- We will have to fight this monster to the death or agree to live under its rule as slaves, in the most literal sense of the word. Honey, where's the AK ? Tyler Durden all sovereigns devalue the currency - all times, all places, no exceptions ME 2009-04-30 01:23:16
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Blackswan Posts: 3361 Incept: 2007-11-06
Execution Pit
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Uh oh.. ---------- The market can crash further then you can remain short. Trade the moon cycle not the tape you want. 2009-04-30 02:03:15
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Snowman Posts: 785 Incept: 2009-03-09
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good post from Harrison guest staring at http://www.nakedcapitalism.com/. Basically, "Bank of America's MAC clause could probably never have been invoked because it had a specific exclusion for the deteriorating prices of legacy assets on Merrill's books." Between January 20th and February 4th, Bank of America CEO Ken Lewis purchased 400,000 shares of BAC stock between the prices of $4.78 and $6.06. He currently holds over 1.4 million shares in the banking giant. Yesterday BAC closed at $8.68. In 2006 he earned $23m in 2007 he earned $20m in 2008 he earned $9m In 2008 his accumulated wealth was $111m (47 equity, 53 pension, 11 deferred comp). So the man has more money than he will ever need. getting fired is a joke for him. Getting behind bars with all personal assets confiscated, now that's a whole different story. 2009-04-30 05:28:19
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Jstanley01 Posts: 2332 Incept: 2008-07-30
San Antonio, Texas
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Watching the show trials and public hangings on the TV in the Mess Tent is going to be much more than just a way to pass the time in Tent City. They'll be the social events of the season.
---------- Come on. It's just a ****ing casino. The markets have nothing to do with reality most of the times.. until they suddenly do... -- Peezdets 2009-04-30 07:20:53
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Lastchance Posts: 1011 Incept: 2008-11-19 Las Vegas
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"because aborting the deal might have destabilized the financial system" I loved that line. Maybe we need to destabilize the system, just to get it over with. What would really happen if all the ATM machines didn't work for 24 or 48 hours? Panic? Riots? Some folks I know actually want that to happen just to see the consequences. Scary? Yes. But these folks bet real LARGE. Conventional betting like stocks or commodities bores them. ---------- "Since banking is based on confidence, what happens when you destroy confidence?" Retired Admiral "Mike" McConnell 11/8/09 2009-04-30 14:52:18
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Murf Posts: 2360 Incept: 2007-08-28
the surf
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Lewis responding to questions about all his statements re: Merrill and Paulson UNDER OATH will be big-time entertainment.
---------- ...comedic mayhem ensues... 2009-04-30 15:04:12
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