Johnc222

The Real Source of BofA's Troubles: Ken Lewis

Ken Lewis is a visionary and like most creative people never understood completely.

People, that have the gripe pipe in their mouths are the ones ,..who were asked to pick the ball up and kept dropping it. To bench these people was the right decesion.

America aleady has to many Belly achers and complainers.-johnc222

BofA Given Hush Money: Will Lewis Step Down?

Ken Lewis is a Hero...Not a Villian. he saved America from ruin,..yes his stock holders took a huge hit but America was saved.
Lehman it'self almost took the country down can you imagine couple with a Merrill failure wha would have occured..?

Why It's Time to Overhaul the Banking System

All that has to be done to fix this mess....Is to have the U.S. Treasury Null - Void all OTC Derivative contracts written over the last 2 years.

There are 596 trillion dollars of derivatives out there,...could be as high as a quadrillion (1000 Trillion).

Most were written under false pretenses and currupted rating agencies with huge conflicts of interest. The OTC market is corrupt.

It would be benefical and easier to Void or freeze these contracts to be examined more closely. then the alternative which is the total destruction of the World's banking system.

An Evaluation of the SEC’s Prohibition on Naked Short Selling

The Author of this Article needs to do more research into the damaging effects of Naked short seliing. Naked short selling is Illegal and has destroyed over 7000 publicy traded companies.

You can not just continue to short a company stock in some cases 2x the Outstanding shares of the company, that drives companies into Chapt.11 by denying company the ability to raise capital in the open market.

Naked short selling is a criminal practice most done by off shore Hedge Funds. It's a crime, if you can not deliver the real certs in a 3 day time frame. The DTCC needs to be investigated there is a huge conflict of interest.