The Final Days of Merrill Lynch from the Atlantic

This topic has 15 replies, 4 voices, and was last updated 15 years ago by aldante.

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August 27, 2009 at 8:54 PM #16259

equalizer
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Great story in the Atlantic. Paulson and Bernake beat up Ken Lewis and the BAC shareholders. There is no logical reason for BAC to have paid the ridiculous price for MER after it found out the staggering losses MER incurred in 08. MER should have been bought for under $5.

http://www.theatlantic.com/doc/200909/bank-of-america

The federal judge overseeing the lawsuits against BAC had a few choice words for BAC and the equally complicit SEC.

” If the SEC is right in this assertion, it would seem that all a corporate officer who has produced a false proxy statement need offer by way of defense is that he or she relied on counsel, and, if the company does not waive the privilege, the assertion will never be tested, and the culpability of both the corporate officer and the company counsel will remain beyond scrutiny.”

“This seems so at war with common sense that the Court will need to be shown more than a single, distinguishable case to be convinced that it is, indeed, the law. It also leaves open the question of whether, if it was actually the lawyers who made the decisions that resulted in a false proxy statement, they should be held legally responsible.”

Should DOJ use RICO Act to go after the BAC, the SEC and Federal Reserve? We have alleged conspiracy, collusion, fraud, etc.

http://www.zerohedge.com/article/judge-rakoff-set-expose-every-detail-wall-streets-usage-sec-bidet

What we need –
And Justice for All
1) Metallica http://www.darklyrics.com/lyrics/metallica/andjusticeforall.html

or
2) Al Pacino
http://www.imdb.com/title/tt0078718/

August 27, 2009 at 10:00 PM #449832

Aecetia
Participant

We look for justice, but find none; for deliverance, but it is far away. Isaiah 59:11

August 27, 2009 at 10:00 PM #450023

Aecetia
Participant

We look for justice, but find none; for deliverance, but it is far away. Isaiah 59:11

August 27, 2009 at 10:00 PM #450360

Aecetia
Participant

We look for justice, but find none; for deliverance, but it is far away. Isaiah 59:11

August 27, 2009 at 10:00 PM #450433

Aecetia
Participant

We look for justice, but find none; for deliverance, but it is far away. Isaiah 59:11

August 27, 2009 at 10:00 PM #450618

Aecetia
Participant

We look for justice, but find none; for deliverance, but it is far away. Isaiah 59:11

August 28, 2009 at 8:22 AM #449987

Casca
Participant

I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.

August 28, 2009 at 8:22 AM #450178

Casca
Participant

I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.

August 28, 2009 at 8:22 AM #450515

Casca
Participant

I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.

August 28, 2009 at 8:22 AM #450588

Casca
Participant

I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.

August 28, 2009 at 8:22 AM #450774

Casca
Participant

I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.

August 28, 2009 at 9:28 AM #450034

aldante
Participant

[quote=Casca]I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.[/quote]

“Feel bad for Ken Lewis” HaaaaaaaaaaHaaaaaaaaaHaaaaaaaaa

That is frigging rich.

I can not imagine how miserable he must feel. I wonder how horrible his proginy will feel as they spit at us “middle class” americans who have nothing left after he pillaged our trust and wealth.

Very very funny

August 28, 2009 at 9:28 AM #450225

aldante
Participant

[quote=Casca]I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.[/quote]

“Feel bad for Ken Lewis” HaaaaaaaaaaHaaaaaaaaaHaaaaaaaaa

That is frigging rich.

I can not imagine how miserable he must feel. I wonder how horrible his proginy will feel as they spit at us “middle class” americans who have nothing left after he pillaged our trust and wealth.

Very very funny

August 28, 2009 at 9:28 AM #450561

aldante
Participant

[quote=Casca]I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.[/quote]

“Feel bad for Ken Lewis” HaaaaaaaaaaHaaaaaaaaaHaaaaaaaaa

That is frigging rich.

I can not imagine how miserable he must feel. I wonder how horrible his proginy will feel as they spit at us “middle class” americans who have nothing left after he pillaged our trust and wealth.

Very very funny

August 28, 2009 at 9:28 AM #450634

aldante
Participant

[quote=Casca]I feel bad for Ken Lewis. Holding a weak hand, he folded. He should have spit in their eye, and lawyered up. I’m sure he also feels that way now.[/quote]

“Feel bad for Ken Lewis” HaaaaaaaaaaHaaaaaaaaaHaaaaaaaaa

That is frigging rich.

I can not imagine how miserable he must feel. I wonder how horrible his proginy will feel as they spit at us “middle class” americans who have nothing left after he pillaged our trust and wealth.

Very very funny
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