04-07-2013, 03:40 PM
What law did Ken Lewis break? It's easy to say "throw the bankers in jail" but they have to actually be guilty of something that's on the books.
(disclaimer: he's my former boss.)
No doubt purchasing Merrill Lynch and Countrywide were bad ideas, and Lewis lost his job because of it. No doubt people at Merrill Lynch misrepresented that company's position during the acquisition - also, the Feds pushed BofA into taking over ML. BofA was strong even in 2008 and the feds leaned too heavily on it to bail out other ailing companies, much to BofA's misfortunes.
I'm not aware of Ken Lewis breaking any laws - what was he accused of?
(disclaimer: he's my former boss.)
No doubt purchasing Merrill Lynch and Countrywide were bad ideas, and Lewis lost his job because of it. No doubt people at Merrill Lynch misrepresented that company's position during the acquisition - also, the Feds pushed BofA into taking over ML. BofA was strong even in 2008 and the feds leaned too heavily on it to bail out other ailing companies, much to BofA's misfortunes.
I'm not aware of Ken Lewis breaking any laws - what was he accused of?