Kenneth Lewis

Still Wondering If The Federal Reserve Should Be Abolished?

On Wednesday, TurboTax Timmie and his crew are going to unveil the new financial regulation reforms that they have been talking about since he was installed as Treasury Secretary by the 111th Congress. If, after reading the next two stories, you still think the Federal Reserve should not be abolished for being the #1 instigator in our economic woes, then I pity you and your declining standard of living. Plan extends Fed's power over companies The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could…
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The Plot Thickens; Kenneth Lewis and Congress

It never fails to amaze me that people will appear to testify under oath at a congressional hearing and try to make events seem completely different than what they are even when there is a known paper trail.  Did Lewis think that Bernanke was going to cover his behind?  I personally think there is much more to this story; whether we ever find out how much Bernanke and The Fed actually had to do with the merger of BofA and Merrill Lynch is another story completely. Watch as Rep. Dennis Kucinich, (who seems to have found his cajones), puts Kenneth…
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