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...shareholders, his customers, and his employees. Bank of America has been on many of the lists of mortally ill banks which may have to be broken up or nationalized since the Merrill buyout. This, in and of itself, has cost the firm's shareholders billions of dollars. If B of A had walked away from Merrill and its problems, the bank would almost certainly have been considered a relatively safe operation which would not require government intervention to survive. (See pictures of America's devastated retail landscape...
...point is the conversation that Ken Lewis, CEO of Bank of America (BAC), says that he had with former Treasury Secretary Henry Paulson. According to information released by NY State Attorney General and governor-in-waiting Andrew Cuomo, Lewis was threatened by Paulson who told him that the entire B of A board would be dumped if the bank backed out of a deal to buy Merrill Lynch. Passing the blame, Paulson claimed he was merely doing the dirty work of Fed chief Ben Bernanke. Bernanke has tried to distance himself from the event. The press has used the story...
...didn't lose because she doesn't believe in gay marriage. She lost because she's a dumb b____.' Gossip blogger and Miss USA judge PEREZ HILTON, ranting online about Miss California, Carrie Prejean, who claims she "lost the crown" because of her response to Hilton's question during the pageant about gay marriage; Prejean said only a man and a woman should...
According to Claire B. Spinner, the chief financial officer for Cambridge Public Schools, the application forms for these grants which the district must fill out to receive the funding have not yet been released. She added that the spending and reporting regulations will be very stringent, and that the money can only be used for specific purposes...
School committee member Alfred B. Fantini, who said that this money “can’t be used to substitute budget problems,” added that he believes the funds will probably go to non-recurring costs such as professional development and training...