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Top N.Y. legal officer demands BofA bonus list

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posted on Feb, 27 2009 @ 06:30 AM
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Top N.Y. legal officer demands BofA bonus list


www.msnbc.msn.com

Cuomo's special assistant, Benjamin Lawsky, said on Thursday night that the office was "very disappointed" that the Charlotte, North Carolina-based bank had not provided the information previously.

"We've been asking for a list of who got what," said Lawsky.

Cuomo began questioning bonus plans in October after nine banks received $125 billion in U.S. Treasury funds.

In a statement, Lawsky said: "We obviously wanted to question Mr. Lewis about this list and are very disappointed that Bank of America has chosen not to produce it.

"As a result, during the testimony this evening, we served a subpoena on Bank of America for the list, which we intend to obtain."

(visit the link for the full news article)




posted on Feb, 27 2009 @ 06:30 AM
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Evidently requesting such a list has been ignored so far, but serving a subpoena during Kenneth Lewis' deposition must give BoA a bit to think on. If indeed 3.6 billion in bonuses were awarded at the 11th hour prior to the Merrill merger or "take over" bu BoA, fanned the allegations that Cuomo's probe was being obstructed, the flames are beginning to heat the BoA CEO's pants i would hope.

Keep the heat up and flush out the sneaky acts of these zombie banks and their good 'ol boy tactics.

www.msnbc.msn.com
(visit the link for the full news article)



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