Stonewalling in Style: Bank of America Subpoenaed

[jordi_fanclub]

Source: ABC News

NY Attorney General Says Ken Lewis Refuses to Say Who Got Bonuses

A major legal battle is brewing between Bank of America President Ken Lewis and New York Attorney General Andrew Cuomo because the CEO is refusing to hand over a list of Merrill Lynch executives who received $3.6 billion in questionable bonuses right before the banks merged late last year.

"Bank of America has made the decision they don't want to turn that information over to us and we, therefore, tonight served Bank of America with a subpoena to turn over that information," said Special Assistant to the New York Attorney General Benjamin Lawsky Thursday evening, "and we intend to get that by whatever means is necessary going forward."

Read more: http://www.abcnews.go.com/Blotter/story?id=6969628&page...

[Donnachaidh]

1. Put him in Jail.

Ken Lewis needs a big dose of humble pie -- jail would do that rather quickly.

[hobbit709]

3. And put him in Rykers

[snappyturtle]

2. YES! nt

[acmavm]

4. I hope Cuomo sticks to his guns and shows this guy that he's

not a law unto himself.

[UpInArms]

5. I am sick of these wankers taking taxpayer dollars only

to stuff them in their pockets after looting everything else.

[Uben]

6. Why don't they just look at their tax forms?

Ooops! I'm sure Cuomo has done that, and that is why he wants those records! Obviously these guys didn't report those bonuses because the bonuses went to tax havens or Swiss bank accounts. Why else would they not provide the info? I think we just caught them cheating and they don't want to disclose how they have been dodging taxes!

[Gin]

8. since when does a subpoena mean anything anymore? Bush

& company set a new standard of ignoring them.

[Lugnut]

7. K and R n/t

[Javaman]

9. Meh, will they show up? and if they don't will they be thrown in jail?

if so, then that sets an ugly precedent for congress regarding rover pig boy.

the precedent would be following the law. what a concept!!

[JackRiddler]

11. NY AG nowadays has a lot more credibility than Congress.

[melm00se]

10. curiously

the article doesn't say why he declined to provide this information.

I believe would be highly germane information.

additionally (and some seem to overlook this), Ken Lewis has the right to challenge a subpoena, just like anyone else (US Constitution, Amendment I and I am confident that such a protection exists in the NYS Constitution) and I can tell you if it were me and I got hit with a government subpoena and not given sufficient time to review and, if I saw fit, to exercise my right to challenge it, I'd be "ugly and combative" too.

[sarcasmo]

12. Better than putting them in jail, make them all give back their bonuses.