Word: kennings
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...Ken Lewis got a slap on the hand. Shareholders of Bank of America (BAC) voted to separate the chairman's role from the CEO's and the bank's board was forced to elect a new chairman, Walter E. Massey, a college president who has been on the firm's board for so long that he is as responsible for the bank's trouble as anyone else involved in the company's governance...
...case in 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...
...which would be fairly standard ratings-chasing melodrama, except that prominent members of the GOP, like Karl Rove and former U.N. ambassador John Bolton, began signing on to versions of Beck's critique. At that point conservative heavy hitters, including former Solicitor General Theodore Olson and Clinton tormenter Ken Starr, spoke up in favor of Koh. The dispute soon spread to the blogosphere, and Republicans across the country took sides, calling one another "fruitcakes" and "windbags." (Read "Glenn Beck: The Fears of a Clown...
...Absolutely. I’m actually a woman,” said Australian archaeologist Ken Mulvaney, who despite a single earring, looked convincingly masculine with his titanic grey beard...
...fact. An analyst from Goldman Sachs wrote that the big bank's credit losses are growing at a "rapid rate," meaning the shares remain a "sell." When Bank of America (BAC) released quarterly numbers that were so good that many believed they would save the job of CEO Ken Lewis, JP Morgan responded by releasing an analysis that said banks are likely to realize about $400 billion more in losses on soured assets, requiring further injections of government capital, according to Bloomberg. (See pictures of the Top 10 scared traders...