Bank of America Emails: Executives Knew Of Merrill Losses Before Shareholder Vote

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First Posted: 10-21-09 09:25 AM   |   Updated: 10-21-09 10:49 AM

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Read More: Bank Of America, House Oversight And Government Reform Committee, John Thain, Ken Lewis, Merrill Lynch, Merrill Lynch Bank Of America, Business News
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washingtonpost.com:

NEW YORK -- Congressional investigators think that reams of internal documents turned over by Bank of America last Friday show that its executives were alarmed by mounting losses at Merrill Lynch well before shareholders voted to approve the merger, according to sources familiar with the matter.

Read the whole story: washingtonpost.com

NEW YORK -- Congressional investigators think that reams of internal documents turned over by Bank of America last Friday show that its executives were alarmed by mounting losses at Merrill Lynch well...
NEW YORK -- Congressional investigators think that reams of internal documents turned over by Bank of America last Friday show that its executives were alarmed by mounting losses at Merrill Lynch well...
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- AZIndependant I'm a Fan of AZIndependant 11 fans permalink
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Funny headline. I'm pretty sure executives almost always know about loses before shareholders. Imagine the incompetence if it were the other way around.

    Reply    Favorite    Flag as abusive Posted 09:57 PM on 10/22/2009
- WindySailor I'm a Fan of WindySailor 11 fans permalink
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Why does the photo of Lewis and Thain remind me so much of the scene with Corleone and Tattaglia at the big meeting after Sonny's demise?

    Reply    Favorite    Flag as abusive Posted 08:46 AM on 10/22/2009
- TJCole I'm a Fan of TJCole 167 fans permalink
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Geithner and Summers knew as well, and for this should face criminal charges along with Paulson for his part in this and his secret meeting with the Goldman Sachs Board in Russia...

    Reply    Favorite    Flag as abusive Posted 01:32 PM on 10/21/2009
- spinns17 I'm a Fan of spinns17 51 fans permalink

one day we will have justice.

    Reply    Favorite    Flag as abusive Posted 12:32 PM on 10/21/2009
- mytradingg I'm a Fan of mytradingg permalink

For a more perfect unions we must have:

Jobs,job securi.ty, job benefits, universal pre school-K.12, housing, affordable college education affordable health are that doesn't ban.krupt sic.k families

good articles; http://ow.ly/dmzm

a better society is one that creates opportunity

    Reply    Favorite    Flag as abusive Posted 12:14 PM on 10/21/2009
- Crass Innuendo I'm a Fan of Crass Innuendo 33 fans permalink
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Enough with the spam, already.

    Reply    Favorite    Flag as abusive Posted 04:12 PM on 10/21/2009
- littlepuffycloud I'm a Fan of littlepuffycloud 121 fans permalink
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Of course they did. DId anyone really believe they didn't?

    Reply    Favorite    Flag as abusive Posted 11:24 AM on 10/21/2009
- balancedsolution I'm a Fan of balancedsolution 50 fans permalink
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Yikes.

Better get my $$$ out.

Break up this bank.......

    Reply    Favorite    Flag as abusive Posted 11:10 AM on 10/21/2009

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