Ol Man River
02-07-2010, 05:52 AM
No WAY is Bank of America CEO Ken Lewis going to be the only one to answer for the acquisition of crappy Merrill Lynch and its crappy bonuses, "a person close to Lewis's defense team" (who may or may not be Ken Lewis himself) tells Charlie Gasparino today on the Daily Beast. NO WAY will he be a scapegoat, alone, for the people who twisted his arm to go through with the Merrill deal by telling him (http://nymag.com/daily/intel/2009/07/hank_paulson_yeah_i_threatened.html) he would be fired (http://nymag.com/daily/intel/2009/06/bernanke_to_lewis_youre_a_nice.html) if he didn't. "If this thing goes to trial you can expect both Paulson and Bernanke to be on the witness list." If he's going down, he's bringing them down, too.
Read more: Ken Lewis: If I’m Going Down, Hank Paulson and Ben Bernanke Are Coming Down With Me -- Daily Intel (http://nymag.com/daily/intel/2010/02/ken_lewis_already_relishing_th.html#ixzz0erG3YOdr) http://nymag.com/daily/intel/2010/02/ken_lewis_already_relishing_th.html#ixzz0erG3YOdr (http://nymag.com/daily/intel/2010/02/ken_lewis_already_relishing_th.html#ixzz0erG3YOdr)
Read more: Ken Lewis: If I’m Going Down, Hank Paulson and Ben Bernanke Are Coming Down With Me -- Daily Intel (http://nymag.com/daily/intel/2010/02/ken_lewis_already_relishing_th.html#ixzz0erG3YOdr) http://nymag.com/daily/intel/2010/02/ken_lewis_already_relishing_th.html#ixzz0erG3YOdr (http://nymag.com/daily/intel/2010/02/ken_lewis_already_relishing_th.html#ixzz0erG3YOdr)