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 Lewis, (former Bank of America CEO), through the gauntlet of the House Committee on Oversight and Government Reform. I hope the irony of the name of the committee has not been lost on you, and that you understand that this little dog and pony show is just for you, the American public.
Also remember that this mess started decades ago with The Fed, Congress, the big NY Banks, and the SEC. I wonder if the message that we cannot trust our government is getting through yet? Bush threw gasoline on this economic downturn, and Obama is striving for complete scorched earth with the help of Rahm, David, Austin, etc.
One more thing; I wonder how many of you realize that $1.33 Trillion of American Wealth disappeared in the first quarter of 2009? Add the millions of online poker winnings that have been frozen by federal officials; does it not seem like they are trying to drain the American public of every last dime? They have already taken our children’s and grandchildren’s cash…