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Kucinich Grills Ken Lewis on Fed Emails

Posted on June 15, 2009 by dandelionsalad

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AmericanNewsProject
June 11, 2009

Former Bank of America CEO, Ken Lewis, testified June 11, 2009 to congress about the BOAs merger with Merrill Lynch. During the hearing Rep. Dennis Kucinich, D-Ohio, challenged Lewis to be more forthcoming about his dealings with the Federal Reserve during the merger. Specifically Kucinich cited emails from Fed officials saying Lewis had asked government officials to provide a letter saying that they had in fact ordered Lewis to merge with the struggling financial firm, Merrill Lynch, because Lewis feared lawsuits from company shareholders if the merger led to company losses. Lewis said he did not recall asking for such a letter. After the hearing Kucinich told reporters that Lewis testimony could put the former CEO in legal jeopardy.

more about “Kucinich Grills Ken Lewis on Fed Emails“, posted with vodpod

see

The American Empire Is Bankrupt by Chris Hedges

America Incorporated By Timothy V. Gatto

De-Dollarization: Dismantling America’s Financial-Military Empire by Prof. Michael Hudson

The Economy Sucks and or Collapse 2

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Filed under: Business, Dandelion Salad Posts News Politics and-or Videos 2, Dandelion Salad Videos, Dennis Kucinich, Economy, Federal Reserve, Kucinich-Dennis J., Politics, The Economy Sucks and or Collapse 2 Tagged: | , ,

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