A federal judge has rejected an SEC settlement with Bank of America, writing that the government's justification is "at war with common sense." The Securities and Exchange Commission had charged Bank of America executives with misleading its shareholders over the acquisition of Merrill Lynch.
Now that the settlement has been thrown out, the case will go to trial.
merrill lynchJudge Rejects SEC's Deal With Bank Of AmericaNPR Programs: Morning Edition Tue, 09/15/2009 - 6:10am
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Big Banks Give $5.33 Billion In BonusesDonklephant Thu, 07/30/2009 - 11:10am
And this is for 2008…a year when their failure nearly brought the entire world’s financial system to its knees. I don’t care if these bonuses were contractual or not. From the AP comes the list… |
