Adios Ken Lewis - you fugging crook

[malaise]

http://www.npr.org/blogs/thetwo-way/2009/09/bank_of_americas_ken_lewis_to.html
<snip>
Ken Lewis, the controversial CEO of Bank of America, will resign at the end of the year.

Lewis, 62, was a lifer at BofA, working there for 41 years and was widely viewed until recently as an unalloyed American success story, the son of a single mother living in Walnut Grove, Mississippi, he eventually became one of the most powerful men in global finance.

He lost some of his gloss amid the chaos of the financial crisis. He oversaw BofA's purchases of both troubled mortgage giant Countrywide and stricken investment banker-brokerage Merrill Lynch.

The Merrill acquisition has caused huge headaches for Lewis. BofA was sued by the Securities and Exchange Commission which alleged that both BofA and Merrill misled investors about huge executive bonuses paid to Merrill employees at the same time BofA was getting billions of dollars in taxpayer money through the Troubled Asset Relief Program.
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Defend him all you like GECNBC hack and Mika - I just wish he'd do this.
I wonder what his 'retirement' package looks like. The fugger was pushed out.

[KharmaTrain]

1. Lewis Is A Pathetic Character

And I say that in a bambi-in-the-headlights kind of way. If you saw the Frontline program on the meltdown they paint him as being thrown into the mess and not knowing what the hell was going on. The real crook was John Thune who stuck BOA with a bigger shitpile than they were originally told and then he snuck bonuses under their noses. I'll be curious to see how Michael Moore portrays him...gonna see the movie this weekend.

[malaise]

2. Lucky you

I'll see it in November

[PeaceDreamer]

3. Coverup

This is a bold attempt by the Bank of America Board to make difficult questions go away. Truth is the payouts made to Merrill Execs were simply absurd and every dollar should be clawed back. It was outright theft of taxpayer money.