Ken Lewis Tips Mary Schapiro $33M For Good Service

Benjamin N. Dover III's picture

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Anonymous's picture

This whole thing leaves the worst taste in my mouth. F-ing unbelievable. Glad to see that someone isn't afraid to call BOA & co out on their BS.

Anonymous's picture

Even Charlie Gasparino could tell you horror stories about Mary Shapiro and her Crony Capitalist friends that have brought our financial system to it's knees.

Why does Mary have a job anywhere but WALLMART?? Can someone please answer the question?

Anonymous's picture

I am pulling all accounts from Bank of America immediately. I cannot continue to support this Criminal Enterprise, or the SEC Crooks that would enable them.

Anonymous's picture

LOOK in the dictionary for the definition of WORTHLESS--
There is nothing but a picture of Mary Shapiro.

She sets a new standard for SPINELESS and WORTHLESS

Do your damn job Mary and protect the TAXPAYER not Goldman SACHS!

Veteran's picture

Great article, very Clevinger/Catch 22-esque

 

When didn't you say that we couldn't punish you?!?

Sqworl's picture

The only smart cookie in that room was Mary....She collected Millions from her Monkey See No Evil (FINRA)  position...

Anonymous's picture

Calling Eric Holder.. anyone home? This is the quietest AG of all time. Maybe you can just resign and save taxpayers the money.

Voldamort

Anonymous's picture

Wow...such a chore to wade through the thick sarcasm. You must be doubly bitter and cynical than me to come up with stellar stuff like this, Benji boy.

Anonymous's picture

He's also smarter than you, a better writer than you....

MinnesotaNice's picture

There's a lot of that "double-secret suspension until after the transaction is completed" going on... I think the goal of the government at this point is to assure that:

  • the level of complexity is so high that the average person has no hope of understanding it,
  • move quickly enough that if the average person wanted to try to understand it... time is up and put your pencils down,
  • and do it with such a sense of urgency that no one would dare question anything. 

Their strategy seems to be working well.

Anonymous's picture

You hit the nail on the head. This might as well be called the "double secret suspension" economy.

Wilderman's picture

Ok, so BAC was forced to eat Merrill, everybody ate Bear, Wachovia was stuffed into Wells, Lehman was left hanging in the breeze...

Why was AIG different (along with Frannie, Chrysler, GM, etc) ?  Why isn't this the topic du jour?  Answer this riddle and you'll find actionable intelligence. 

Anonymous's picture

AIG is 1% separation from RICO case. AIG not named in Complaint but aggressively defending the claim against their insured (the appraiser). Prima facie fraud. Its a lousy 300K claim AIG would rather defend than pay the claim out on. I wonder how fast they'd pay the claim if Cuomo got hold of that file.

Look up Ferri -vs- Berkowitz, Eastern Dist of NY. AIG insured a commercial real estate appraiser that inflated the value of a commmercial building in West Virginia 10x (yes, 1000%).

Anonymous's picture

I bet that 'tip' was included in the bonus bill back in 2008, for just in case.