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More Fraud on Wall Street

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Uploaded by on Feb 5, 2010

New Yorks attorney general filed fraud charges against Bank of America, its former CEO Ken Lewis and CFO Joseph Price alleging that they conspired to mislead shareholders and federal regulators about the decrepit state of Merrill Lynch before Bank of America acquired the bank in the fall of 2008. Immediately after the acquisition, Bank of America suddenly unveiled something approaching the true condition of Merrill, which necessitated a $20 billion bailout by taxpayers.

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  • " Fraud on Wall Street" thats no surprise. the surprise would be to hear that they went to jail for their crimes

  • The Beautiful Marina Portnaya speaks again.

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All Comments (36)

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  • @AntacidForTheMind Or plots to commit genocide on my family because I would inherit 100 million from trusts.

  • What a surprise...really.

  • check this out this is the most horrific shamefull act , people like these are evil of power youtube AHMED SABBAGH AND 7 DWARFS THAT DO EVIL AND MAGIC TO STEAL, TO FORGE TO DEGRADE, TO HIDE BEHIND RELIGION, COMPUTER HACKERS, FRAUDSTERS, MOBILE HACKERS, THEY ARE RUTHLESS ,HEARTLESS AND NEEDS TO BE BROUGH TO JUSTICE PLZ SPREAD THIS AROUND AS INHUMANE ACTS, AND NEED TO BE BROUGHT DOWN AND TRILED FOR CONVICTIONS DONE

  • @MIDNIGHTRlDER how about these insider traders that just got busted. what a joke. that's most likely how all these mofo's made their money. hey, if only 1% of the con-artists get caught, not a bad propostion. white collar crime pays. what's Cuomo gonna do about that?

  • Close your Bank of America account and put your money in a local credit union. Bank of America systematically destroys its customers' credit rating and checking account history in order to prevent customers from getting accounts elsewhere. This bank is abusive. They will destroy your life. Don't let anyone you love bank at Bank of America.

  • Why do we revere these people so much as if they were the masters of the universe. Look at the dreadful chaos they have unleashed onto the world thanks to their reckless risk taking. The men and women who deserve our respect are the doctors and nurses who save lives, the miners and engineers who build and maintain our infrastructure, heat our homes, build our roads and the farmers who put food on our tables. These are the people that matter, not those who simply manipulate money - badly!

  • @dan020350 its fun knowing history.

    looks like how, no government wants us to be.

    self thinking

  • @goddifist :))

  • "When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes.

    Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."

    - Napoléon Bonaparte

    "The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."

    - Lord Acton

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