How is anyone answering this poll in possession of enough facts to make an informed projection? Absent those facts, how does their opinion matter?
I get the idea that the government may be coming down on Lewis because he does not want to play by the new rules of Obama's fascist administration.
Fascism: a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition
It's George Bush's fault
This is more about Obama vs. Lewis than anything else. Obama failed at his attempt to get Lewis out earlier in the year and this is more pressure from fed.gov to remove him. It's all about control and nationalization. Obama got control of student loans the other day, and it wasn't reported anywhere but on Tara's show. Pay attention folks, it's all about control and money. Their control, your money.
The people who got the bonuses have friends in high places who were the root cause of the financial collapse. BofA leaders were blinded by their greed and the promises of these friends in high places; these bureaucrats are still there stocking the fires they set.
We listeners lack the facts to properly assess how long Lewis has left. That is exactly why it is important to investigate his actions and bring them to light. It seems he hid critical facts from his shareholders, and the SEC, Roy Cooper, and Andrew Cuomo would be remiss in their responsibilities if they did not look into his dealings and prosecute him should they find wrongdoing. I expect he will not make it to the end of his contract.
It's real simple: Ken Lewis needs to be held accountable if he did something wrong. But Americans need to prevent this excessively risky behavior from being rewarded in the future. Currently, CEOs structure their contracts so that they get tremendous rewards for short-term performance, yet they are not held accountable when the companies fail in the long run. That needs to change. Thankfully, our President recognizes this and intends to address it. Good for him, and good for us.
NO, it is not George Bush's fault, this belongs to former President Bill Clinton.
In 1999 Clinton signed the , Financial Modernization Bill, telling the banks, the field is open, no heat from us. That bill overrode the Glass-Stengall Act of 1930's to prevent another depression.
Please check your facts before you blame it on any one, it's embarrassing, I M Dem
IM Rep, all the better then that another Democrat is pulling us out of this mess, right? By the way, "anyone" is one word, not two, and it's "Glass-Steagall Act of 1932", not "Glass-Stengall Act of 1930's".
Kathy= word Nazi!
Kathy,
Pulling us out how? The stimulus bill? Less than 4% has been spent. The bank bailout? Bush signed that, and now the democratic congress has lost track of a large portion of the money...
Oh and lets not forget, the federal government pushed BOA or at least strongly suggested that they purchase ML, and now they're going to hang Lewis out to dry. He did things wrong, but he wasn't alone the fed.gov was right there pushing along.
Dan S, have you been paying attention to the stock market, unemployment numbers, manufacturing activity indicators, consumer confidence, housing starts, home sales, consumer spending? All are moving in positive direction. You may not like it, but those are the facts, and President Obama deserves the credit.
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