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Investigators say Fed threatened bank CEO

Posted on June 11, 2009 at 6:47am 0 Comments

"WASHINGTON (AP) -- The Federal Reserve threatened to force the ouster of Bank of America CEO Kenneth Lewis if he didn't follow through with plans to buy Merrill Lynch & Co., Republicans said Wednesday after reviewing internal documents.



Republicans also said there was evidence that the government tried to restrict information related to the merger from being publicly released.



However, none of the documents showed that the government explicitly instructed Bank of… Continue

SBC Dateline Australia - Death of the American Dream

Posted on June 9, 2009 at 2:11pm 0 Comments

The Death of the American Dream - SBS Dateline Australia

Report from Australia on the tent cities of America. Count your blessings and realize it can happen to you!

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