Friday, February 05, 2010

Two Down, A Couple of Hundred to Go

A beginning.

The New York Attorney General's office said Thursday it filed civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch before it acquired the Wall Street bank in early 2009.

Civil charges were also being filed against Joe Price, the bank's former chief financial officer.

Don't take this too seriously. Lewis didn't play well with others and definitely wasn't part of the magic circle of GoldmanSachs-types.

1 comment:

Tim Morrissey said...

This could potentially be the beginning of the untanglement.

More than a couple hundred to go? I'd settle for 50 of the porkers.