Relevant:
- Did The Government Ask Ken Lewis To Keep Quiet About Merrill Losses?
- Paulson Threatened To Oust Ken Lewis If Bank Of America Killed Merrill Deal
- Let the Criminal Indictments Begin: Paulson, Bernanke, Lewis
- Bank of America’s Lewis May Face SEC Probe on Merrill
- Mitt Romney Considering Infamous Ex-Merrill Lynch CEO To Replace Geithner
2009-04-23 — reuters.com
Bank of America Corp CEO Kenneth Lewis testified under oath that Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson pressured him to keep quiet about losses at Merrill Lynch & Co, which the bank was buying, the Wall Street Journal reported.
As we suspected, Ken Lewis isn't that reckless -- he only did this deal because the Money Masters deemed that it would be "good". This is why even an implicit support is deep intervention, and deep folly. Very disturbing.
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