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...

Market Commentary Forum

Market gut reactions and general venting

Topic	Replies	Views	Created	Last reply
Sugar prices 3-17-2010	0	3	by jm 11 hours 10 min ago	n/a
Ask Bernanke a question.	0	28	by mberry8870 02/26/2010 - 10:28	n/a
Reserves and capital markets- the money goes somewhere...	0	42	by wprosser 02/15/2010 - 07:24	n/a
A Look at the Scoreboard...	1	112	by BigBagHolder 01/21/2010 - 22:50	by max2205 02/06/2010 - 19:49
STT + SEC = More hand slaps for Fucking fraud...how bout jail time?!?!?!	0	67	by max2205 02/04/2010 - 20:43	n/a
AIG bonus problem= no problem	0	24	by max2205 02/02/2010 - 18:44	n/a
US legal sys, SEC DOJ = 2 faced bastards.... would they do this to BAC on ML? fk no	0	47	by max2205 01/29/2010 - 15:30	n/a
PPT, SOTU, Bernake Confirmation = Invisible hand goes back in the pocket?	0	25	by max2205 01/29/2010 - 12:38	n/a
EMA weekly and daily	0	30	by max2205 01/28/2010 - 17:08	n/a
FL Co UE tax goes from $8 to $100 per head - a trend to spread like fire to all states	0	86	by max2205 01/18/2010 - 19:55	n/a
20 million-plus collect unemployment checks in '09 US jobless claims end year at lowest level since July '08; job market will st	2	55	by max2205 12/31/2009 - 17:00	by max2205 01/18/2010 - 16:50
WALL ST. WEIGHS CONSTITUTIONAL CHALLENGE TO OBAMA'S PROPOSED TAX... DEVELOPING.	0	22	by max2205 01/17/2010 - 22:33	n/a
crude and SPY	0	51	by weld1 01/07/2010 - 10:59	n/a
crude and todays market	1	39	by weld1 01/06/2010 - 13:31	by weld1 01/06/2010 - 14:05
GS YRC AND Hoffa? Where s the CDS? GS was long YRC ?	0	86	by max2205 01/01/2010 - 11:09	n/a
US Default - Dont fight the Fed- well, maybe just this once?	2	94	by max2205 12/26/2009 - 15:49	by max2205 12/31/2009 - 17:02
IN 2010: DON’T CONFUSE MINI-BUBBLES WITH REALITY	0	88	by Bert Dohmen 12/28/2009 - 15:41	n/a
REAL ESTATE IN A SECULAR DOWNTURN	0	48	by Bert Dohmen 12/28/2009 - 15:39	n/a
Wars $ > all states budgets!	0	61	by max2205 12/23/2009 - 20:26	n/a
Don't be fooled again. No no....	0	77	by max2205 12/20/2009 - 12:02	n/a
The Big Chill	1	74	by ATG 12/10/2009 - 18:40	by aaronvelasquez 12/19/2009 - 03:44
Potential for Agricultural Crisis in 2010	1	88	by Silver_Bullet 12/18/2009 - 22:10	by aaronvelasquez 12/19/2009 - 03:40
Tulip Mania and Housing Mania	0	68	by Sugar Bear 12/09/2009 - 06:26	n/a
The SEC et al and how 'the fix' has been in for over 30 years	0	48	by max2205 12/08/2009 - 22:02	n/a
Neel Kashkari	0	59	by max2205 12/07/2009 - 16:30	n/a