Bank of America Looks Like  First of Many

Michael Collins

"This merger (Bank of America and Merrill Lynch) is a classic
example of how the actions of our nation’s largest financial
institutions led to the near-collapse of our financial system," said
Attorney General Cuomo. "Bank of America, through its top management,
engaged in a concerted effort to deceive shareholders and American
taxpayers at large. This was an arrogant scheme hatched by the bank’s
top executives who believed they could play by their own set of rules.
In the end, they committed an enormous fraud and American taxpayers
ended up paying billions for Bank of America’s misdeeds." (Image)

New York State Attorney General Andrew Cuomo

Andrew Cuomo's complaint filed in the New York Supreme Court, County
of New York against the Bank of America and two former top executives
has the potential to push that too big to fail entity off the edge of a very steep cliff. The charges of massive fraud are based on a compelling and exhaustive filing on February 4.

A trial will likely involve testimony by the current Bank of America CEO and President Brian Moynihan against defendants Kenneth Lewis, the bank's former CEO and board chairman, former chief financial officer (CFO) Joseph L. Price, and the bank itself. Price is currently in charge of BofA's credit card division.

The complaint charges fraud before, during and after the bank's
merger with struggling brokerage firm Merrill Lynch in late 2008. The
fraud cost bank shareholders and citizens billions of dollars. This is
the first major case brought against our nation's largest financial institutions. These are the same financial institutions and executives that nearly destroyed the economy.

Here's a link to a dailykos diary I posted yesterday, concerning the Chevron oil spill trial in Ecuador, highlighting the note that CBS's 60 Minutes was running a segment on it. It aired last night (Sunday, May 3). That video clip is in the diary. 

Murder Trumps Torture Says Bugliosi

2003 State of the Union, Jan. 29, 2003. WikiCommons

Bush Crimes

"If we prosecute those in America who only commit one murder, under what theory don't we prosecute a president who is criminally responsible for over four thousand murders?"  Vincent Bugliosi

Michael Collins

 Also posted at the e Pluribus Media Journal

(April 7, Wash. DC)  The legendary Los Angeles County prosecutor and top selling true crime author, Vincent Bugliosi, continues to make the case that he argued in detail in his New York Times best seller, The Prosecution of George W. Bush for Murder.  His crime, according to the esteemed former prosecutor:  deliberately deceiving the United States into an illegal war that resulted in the deaths of 4,200 U.S. soldiers and more than 1,000,000 Iraqi civilians.

originally posted 2008-10-02 21:44:35, a little Friday night light reading -- promoted, cho

American Kafka: Susan Lindauer Demands "The Trial"

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