Geithner and Ken Lewis Should Go?

April 28th, 2009 · No Comments

Bill-Coppedge27sep08-1    original content selection by MortgageNewsClips.com usn_logo Geithner Was The Right Choice, Geithner Should Go - The NYT has the lengthy rundown of Treasury Secretary Tim Geithner's cozy relationship with Wall Street. ... so let's get to the point: ... That sums up Geithner's promise and his problem. "Insider" status made him a great fixer. It also makes him the wrong person to re-regulate the financial sector. Now more than ever,  the Treasury Department must redeem itself as an unimpeachable safeguard of both taxpayer money and the health of the banking system ... - U.S. News & World Report  ------------ forbes_home_logo Geithner Should Resign - Steve Forbes - Secretary Geithner is what I call the most formidable impediment to an economic recovery - Forbes  ------------ CNNMoney1 US Sen Dodd: Hearings May Be Needed On BofA Lewis's Claims - Senate Banking Committee Chairman Christopher Dodd, D-Ct., said Monday there may be a need for Congress to investigate allegations made by Bank of American Corp. (BOA) Chairman Ken Lewis last week regarding the bank's transaction to acquire Merrill Lynch. - DJ CNN Money ------------ wsj Ken Lewis vs Gov't - Busting Bank of America - A case study in how to spread systemic financial risk. - ... Let's hope they treated their government colleagues better than they've treated Ken Lewis, whom they hung out to dry. After making him an offer he could hardly refuse, they've let him endure a public flogging from shareholders and the press, lengthy discussions with prosecutors, plus new hiring and compensation rules that limit his bank's ability to compete.  No wonder no banker in his right mind trusts the Fed or Treasury ...  - WSJ Editorial ------------ nytlogo153x23 Bank of America Chief in Battle to Hold His Job - By LOUISE STORY - Kenneth D. Lewis, Bank of America’s chief, is under fire for the acquisition of Merrill Lynch, but he may be saved by proxies wielded by brokers.  The answer to that question, much anticipated on Wall Street, is expected to arrive Wednesday, when Bank of America shareholders are to vote on whether Mr. Lewis, the bank’s the embattled chairman and chief executive, will remain on the board. - NY Times



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