Brian Moynihan and Bank of America - unindicted top US racketeers
"Unfortunately, this is not the only lawsuit pending against B of A pertaining to Merrill Lynch: Insurance giant Prudential (NYSE: PRU ) has filed a claim in federal court in New Jersey claiming fraud on $2 billion worth of securities sold from 2004 to 2007 -- and leveling racketeering charges against the bank, to boot." [underline added - jz]
The evidence for racketeering at BofA was there all along, as was the refusal of US gov to take action. [2]
Otherwise, the report, linked below, [1] entirely misrepresents the story of Merrill Lynch takeover by BofA, as if it were an independent business decision by BofA officers at the time.
In fact, as previously shown by then NY AG Andrew Cuomo, the deal was shoved down BofA throat through threats and intimidation by no others than Bernanke, Paulson, et al. The summary of Cuomo's investigation, was sent in an April 2009 letter to US Senate, and it led financial analysts already then to call for criminal prosecution of Bernanke and Paulson... [3]
LINKS:
[1] The Newest Assault on Bank of America's Profits
http://www.fool.com/investing/
[2] 10-05-05 Countrywide, Bank of America (NYSE:BAC), and its President Brian Moynihan - Compilation of Records - Evidence of Racketeering
[3] 09-04-23 RE: SEC v BAC (1:09-cv-06829) State of New York Attorney General Andrew Cuomo Letter to US Congress and analysts' responses:
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