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BofA Smoking Gun?

Tyler Durden's picture
Submitted by Tyler Durden on 06/27/2009 17:59 -0400



 

Developing story from Huffington Post:

Tim Geithner, Treasury Secretary, supposedly emailed telling BofA that they couldn't back out of acquiring Merrill Lynch, according to CNBC. An email by Geithner telling BofA to close the deal would be a proverbial smoking gun, since BofA honcho Ken Lewis has said he was forced into buying the bank and not publicly revealing the poor financial shape that Merill Lynch was in, in the wake of pressure from the government.

hat tip Vaughan

 
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Thu, 07/02/2009 - 12:28 | 4079 Anonymous
Anonymous's picture

My mother lost her job at BofA after being a very skilled, and loyal employee for 20 years.

Geitner and Bernake should be shot.

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