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The American Empire in a Changing World



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Wednesday, September 28, 2011

'A $50 Billion Claim of Havoc Looms for Bank of America'

ouch.............from nytimes.........

"This lawsuit, brought by Bank of America shareholders, claims that Bank of America and its executives, including its former chief executive, Kenneth D. Lewis, failed to disclose what would be a $15.31 billion loss at Merrill in the days before and after the acquisition. The plaintiffs contend that this staggering loss was hidden to ensure that Bank of America shareholders did not vote against the transaction".............READ MORE

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