Cuomo and Frank To BofA's Lewis: You "Fuel Distrust And Cynicism"

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Cuomo, Frank To BofA's Lewis: You "Fuel Distrust And Cynicism"
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STEPHEN BERNARD and IEVA M. AUGSTUMS | March 9, 2009 12:33 PM EST | AP


NEW YORK — New York Attorney General Andrew Cuomo and Rep. Barney Frank on Monday sent a joint letter to Bank of America Corp.'s chief executive, Ken Lewis, demanding he immediately disclose details about individual bonuses paid to Merrill Lynch & Co. employees in December.

Charlotte, N.C.-based Bank of America acquired Merrill on Jan. 1.

The letter from Cuomo and Frank, D-Mass., comes as Cuomo's office and Bank of America fight about whether details of individual bonuses should be made public.

On Friday, Cuomo asked a judge to reject a request from Bank of America to keep information confidential about the bonuses. Bank of America on Thursday requested a temporary confidentiality order be expanded to cover anyone who testifies on individual bonuses granted by Merrill. The order originally applied just to the testimony given by former Merrill Chief Executive John Thain.

Bank of America was not immediately available to comment on Monday's letter.

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http://www.huffingtonpost.com/2009/03/09/cuomo-frank-letter-blasts_n_173108.html