BofA Bombshell, Whistleblowers Beware, Soros On 'German Empire' And More

Monday, June 4, 2012 BofA Accused Of Hiding Losses From Shareholders Before Huge Acquisition By Jonathan Stempel June 4 (Reuters) - Top executives at Bank of America Corp did not tell shareholders just prior to a 2008 vote on its purchase of Merrill Lynch & Co that losses were mounting and expected to weigh down earnings for years, papers filed in private shareholder litigation show. But the bank and former Chief Executive Kenneth Lewis said in their own court papers that they should not be liable to shareholders who claimed to have lacked information they needed to vote on the once $50 billion merger. At For-Profit Colleges, The Greatest Chance Of Debt With No Diploma Whistleblowers, Beware: Most Claims End In Disappointment, Despair George Soros: EU Likely To Become A 'German Empire' Bleeding Cash Conservatives Waste Money, Punish Americans Not-So-Subtle Signs Of Discontent BLOG POSTS Richard (RJ) Eskow: 'Middle-Class Millionaires'? Dissecting a Democrat's Misguided Move Instead of caving to Republican rhetoric, we would have expected Leader Pelosi to counter it. The message is a simple one, and it's been used by centrist Democrats from Clinton to Obama: From whom much is given, much is expected. Leo W. Gerard: Mitt Romney Enjoys Your Pain Romney is loving high unemployment. Just like the Republican majority in the U.S. House of Representatives that has repeatedly blocked President Obama's proposals to increase hiring, Romney believes high joblessness is good for the GOP. Bill McKibben: The Planet Wreckers Because the GOP has been so unreasonable, the President clearly feels he can take the environmental vote by staying silent, which means the odds that he'll do anything dramatic in the next four years grow steadily smaller. Sarah Damaske: The Paycheck Fairness Act: A Step in the Right Direction In 1963, the average full-time, year-round female worker earned made approximately 59 cents for every dollar an average full-time, year-round male worker. By 1996, the difference was 73.8 cents to the dollar. But today, the difference is about 77.4 cents. Not a terribly huge improvement. Mike Lux: Bill Clinton's Blind Spot President Clinton, I hope you will see the error of your ways on this fundamental issue. Those middle-class people who work hard and play by the rules want you back on their side where you once were, not the side of the big banks.

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