World Headlines read:
!) BofA and ex-chiefs face fraud lawsuits
Source: FT here
2) Cuomo Sues Bank of America, Even as It Settles With S.E.C.
Source: http://www.nytimes.com/2010/02/05/business/05cuomo.html?ref=business
Note: Why did Ken Lewis, ex CEO of BofA, settle a $150 million penalty with SEC if the bank hadn't done anything wrong?
While the media continues to vent anger against executives, I am still waiting for those honorable men and women of the press to wake up to the fiduciary responsibility of the Bank of America's Board of Directors who had the ultimate responsibility to make sure the bank's senior executives were doing the right thing.
Funny none has been hauled out to public scrutiny. Not at B of A, not at Goldman Sachs. Not at anywhere. Strange.
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