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Kovacevich, Lewis and Geithner Speak Out on the Banking Industry

Amen Brother

A Scenario for a U.S. and Global Recovery, Part 2: Banks

As a BAC shareholder it makes a huge difference to me if the government expropriates my shares or even converts their preferred shares to common. The U.S. Treasury and Federal Reserve are the source of BAC’s problems. They forced shareholders to eat the mud sandwich of MER so that Bush and Paulson could scurry out of town without another LEH. The fact that the treasury made Ken Lewis lie to share holders through omission probably makes the entire merger illegal, and it certainly shows that neither the fed nor treasury are impartial regularity bodies. The government needs to follow through on their obligations to backstop MER assets (per the merger agreement) and then goes away and lets BAC pay back the Tarp as quickly as possible. It wouldn’t hurt if the SEC started to enforce the laws on naked short sales but that is probably too much to expect from the criminals of both parties in Washington

Bank Nationalization: Inevitable in Some Cases

Yes, let the government pull the trigger. Then you and your naked short friends will never have to deliver the shares or report the income. Who cares about wrecking what is left of the financial system as long as villians like yourself can make a profit.

Bank of America's Lewis Defends His Misbegotten Deals

NO. You are delusional Mr. Hill. If you were aware of the facts involving BAC's acquisition of MER you would know that the Fed and Treasury forced BAC to acquire MER. You would also know that the Wall Street Journal published the these facts on Feb. 6 and anyone still blaming Lewis looks like either a lying paid basher or just delusional.