The plot thickens….Confirmed.. Fed Reserve Strongarmed BofA …

[UCGal]

[quote=XBoxBoy][quote=davelj]But, alas, he apparently was more concerned about losing his job than about protecting shareholder interests. In my view, for this reason alone he should be fired. [/quote]

I second this view. I mean where is this man’s integrity? I know, I know, integrity, how quaint.

And besides, what kind of negotiator can he be if he caved on the threat of losing his job? Seriously, if the man had any ability as a real negotiator he should have said the heck with you guys. Fire me if you like. How’s that gonna look when I give an interview to the Wall Street Journal telling my side of the story. Hey, sorry, I have a responsibility to my shareholders.

As it stands now, everyone knows he’s a poor negotiator without any integrity. Lots of luck in the future with that reputation.

XboxBoy
[/quote]

Fully agreeing with Dave and Xbox on this.
I’ve read the emails, watched part of Lewis’s testimony this morning… There was wrong doing all around – Paulson, Geithner, and Bernanke overstepped. Ken Lewis screwed the shareholders for personal gain. As did his BOD.

And just to clarify for the Obama bashers – this happened last year, 2008, pre-Obama. I’m not letting Timmy off the hook since he was Gov. of the NYFed and deeply involved. (I’m NOT a Geithner fan.) I don’t mind bashing BO for things that happened when he was running things – but the timeline doesn’t fit for this incident. Its like blaming Obama for the invasion of Iraq – it doesn’t fit the timeline.

[partypup]

[quote=UCGal]Its like blaming Obama for the invasion of Iraq – it doesn’t fit the timeline.

[/quote]

Except…we’re still in Iraq.

Which president do we get to blame for that?

And while the $800 billion TARP fiasco occurred on Bush’s watch…Obama voted for it. You see, Bush needed the complicity of Congress to pull off that heist. Does Obama avoid responsibility for that, as well?

LOL. I think this may very well be the first president who’s not responsible for anything!

[partypup]

[quote=UCGal]Its like blaming Obama for the invasion of Iraq – it doesn’t fit the timeline.

[/quote]

Except…we’re still in Iraq.

Which president do we get to blame for that?

And while the $800 billion TARP fiasco occurred on Bush’s watch…Obama voted for it. You see, Bush needed the complicity of Congress to pull off that heist. Does Obama avoid responsibility for that, as well?

LOL. I think this may very well be the first president who’s not responsible for anything!

[partypup]

[quote=UCGal]Its like blaming Obama for the invasion of Iraq – it doesn’t fit the timeline.

[/quote]

Except…we’re still in Iraq.

Which president do we get to blame for that?

And while the $800 billion TARP fiasco occurred on Bush’s watch…Obama voted for it. You see, Bush needed the complicity of Congress to pull off that heist. Does Obama avoid responsibility for that, as well?

LOL. I think this may very well be the first president who’s not responsible for anything!

[partypup]

[quote=UCGal]Its like blaming Obama for the invasion of Iraq – it doesn’t fit the timeline.

[/quote]

Except…we’re still in Iraq.

Which president do we get to blame for that?

And while the $800 billion TARP fiasco occurred on Bush’s watch…Obama voted for it. You see, Bush needed the complicity of Congress to pull off that heist. Does Obama avoid responsibility for that, as well?

LOL. I think this may very well be the first president who’s not responsible for anything!

[partypup]

[quote=UCGal]Its like blaming Obama for the invasion of Iraq – it doesn’t fit the timeline.

[/quote]

Except…we’re still in Iraq.

Which president do we get to blame for that?

And while the $800 billion TARP fiasco occurred on Bush’s watch…Obama voted for it. You see, Bush needed the complicity of Congress to pull off that heist. Does Obama avoid responsibility for that, as well?

LOL. I think this may very well be the first president who’s not responsible for anything!

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This has nothing to do with left/right. The fed is getting shaken up the same time the world is going away from the dollar. Even Merkel from germany has been fed bashing. The BOA thing is insignificant. This is a central banking thing. The administration is going after the Fed and for good reason they loaned out 2trillion of taxpayer money and WILL NOT tell the USG were it went. It is a privately owned corporation and the private entities that have had control over the US treasury are getting removed. That is what is significant about this.

[Arraya]

This has nothing to do with left/right. The fed is getting shaken up the same time the world is going away from the dollar. Even Merkel from germany has been fed bashing. The BOA thing is insignificant. This is a central banking thing. The administration is going after the Fed and for good reason they loaned out 2trillion of taxpayer money and WILL NOT tell the USG were it went. It is a privately owned corporation and the private entities that have had control over the US treasury are getting removed. That is what is significant about this.

[Arraya]

This has nothing to do with left/right. The fed is getting shaken up the same time the world is going away from the dollar. Even Merkel from germany has been fed bashing. The BOA thing is insignificant. This is a central banking thing. The administration is going after the Fed and for good reason they loaned out 2trillion of taxpayer money and WILL NOT tell the USG were it went. It is a privately owned corporation and the private entities that have had control over the US treasury are getting removed. That is what is significant about this.

[Arraya]

This has nothing to do with left/right. The fed is getting shaken up the same time the world is going away from the dollar. Even Merkel from germany has been fed bashing. The BOA thing is insignificant. This is a central banking thing. The administration is going after the Fed and for good reason they loaned out 2trillion of taxpayer money and WILL NOT tell the USG were it went. It is a privately owned corporation and the private entities that have had control over the US treasury are getting removed. That is what is significant about this.

[Author]

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