Dutch Pension Giant Sues Bank of America

Posted by: Leo Kolivakis

Post date: 03/17/2010 - 19:38

One of the world's largest pension funds is suing Bank of America for more than $90m over its 2008 takeover of Merrill Lynch, claiming the banking giant failed to disclose the full extent of losses at the US investment bank. It's about time pensions got tough, but is it too little, too late?

More Evidence that Banks Create Credit Out of Thin Air

Posted by: George Washington

Post date: 03/17/2010 - 17:25

I recently provided evidence that banks create credit out of thin air.I've just found two more pieces of evidence ...

Germany Finally Comes Out and Says, "We're Not Touching Greece" - Well, Sort of...

Posted by: Reggie Middleton

Post date: 03/17/2010 - 15:35

Germany is openly saying what we all really know, Greece is probably !@#!$%. The problem is, how can Greece go down without pulling half the Euro zone with it? The Greek tragedy saga is much worse than the mainstream media is making it out to be. Reference my annotation on today's Bloomberg article...

Credit Forum

All things credit-related

Topic	Replies	Views	Created	Last reply
Bank Loan Data	4	180	by jkruffin 02/02/2010 - 12:54	by Lionhead 03/15/2010 - 22:44
Treasury Yield Curve	6	102	by Lionhead 02/20/2010 - 11:53	by Lionhead 03/12/2010 - 23:37
Need Help !!!!!	0	21	by Black Swan 03/11/2010 - 12:07	n/a
What do you think of Bernanke's exit strategy now that it's begun?	1	59	by doolittlegeorge 02/15/2010 - 20:51	by jm 03/01/2010 - 21:00
California IOUs	4	234	by Anonymous 07/09/2009 - 18:39	by Anonymous (not verified) 02/23/2010 - 10:22
Inside Midpoint	0	44	by GentleBen 02/14/2010 - 16:20	n/a
Hii	0	225	by sara10101 01/14/2010 - 23:48	n/a
Credit Indices data providers and platforms	5	375	by phaesed 06/30/2009 - 18:18	by Anonymous (not verified) 12/27/2009 - 19:27
Dems to lift debt ceiling by $1.8 trillion	0	59	by aaronvelasquez 12/10/2009 - 14:38	n/a
Individual High-Yield Bonds or the ETF's JNK / HYG, Which is better?	1	228	by Trader Joe 08/01/2009 - 11:51	by jm 12/09/2009 - 22:10
LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS [2009-09-22]	0	215	by dalewest 09/22/2009 - 07:46	n/a
Regulatory Capital Swap	0	76	by William Wild 09/22/2009 - 03:20	n/a
Next shoe to drop; newsflash-the-next-tsunami-of-aggressively-irresponsible-loans-didnt-magically-disappea	0	149	by bpj 09/19/2009 - 14:49	n/a
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Dudley's Speech on Excess Reserves	0	71	by GaryN 09/02/2009 - 04:08	n/a
Spansih banking crisis in development	1	144	by JonML 08/21/2009 - 08:49	by Froggy 08/22/2009 - 23:18
CRE LTV Gap (Anybody Got a Subscription to Moody's?)	0	116	by Froggy 08/22/2009 - 23:03	n/a
What the Stress Tests Didn’t Predict	0	89	by anonymike 08/22/2009 - 18:49	n/a
U.S. Government Ties to Big 3 (2) Credit Rating Agencies (NRSROs)	0	129	by 1202104554 08/17/2009 - 17:53	n/a
The International: Is it live or is it memorex?	1	189	by agrotera 07/04/2009 - 00:17	by Bobby Fischer36 08/11/2009 - 15:49
Buy WEN 5Y Protection @175bps	3	7630	by Anonymous 06/18/2009 - 18:46	by Anonymous 06/29/2009 - 15:52