• 07 May 2009 at 9:42 AM

Bald, Beard, and Boone’s To Testify On “Pressured” Merrill Deal Next Month

By Equity Private

Picture 1311.pngThat is, if the latter isn’t taken out before then. And by “taken out” we do not mean in the “fired by the government” sense but in the “Charlie Gasparino” sense. To recap, Ken Lewis, possibly under the influence of the Boone’s (travel size, for her discretion), told Andrew Cuomo that he was pressured by Bernanke and Paulson to keep his trap shut on the whole metric asston of losses situation he was going to get his shareholders in by acquiring Merrill Lynch. Then Paulson said that yeah, sure, he threatened Lewis, but it was because Bernanke told him to. Then Bald came out and claimed that when he put the heat on Lewis, tire iron in hand, it was all his idea and that the soft-spoken college professor had nothing to do with it (believable), a story which GandalFed later corroborated on the Hill. Finally, at Bank of America’s annual shareholder meeting two weeks back, an again sauced up Lewis told a shareholder, inquiring about what kind of perceived pressure was put on him to zip the lip on Merrill losses, that the bank’s decision to keep investors in the dark was “independent of any government threat,” adding, “you have your facts wrong.” So, okay! In Lewis’s defense, he probably didn’t realize people were going to go back and look at what he’d said on the record, or that there were any reporters at the meeting.

House Panel to Probe BofA’s Merrill Deal [WSJ]

Comments (12)

  1. 1
    Posted by guest | May 7, 2009 at 9:47 AM

    this should be good

  2. 2
    Posted by guest | May 7, 2009 at 9:53 AM

    @ 1- well if they tell the truth. if not, then its a another charade

  3. 3
    Posted by guest | May 7, 2009 at 9:54 AM

    @2- even if they don’t tell the truth it’ll be good. right now their stories are contradicting. paulson said he threatened, lewis said he didn’t. KL’s going to be squealing like a pig.

  4. 4
    Posted by guest | May 7, 2009 at 9:55 AM

    KL’s stutter’s going to be out of control.

  5. 5
    Posted by guest | May 7, 2009 at 9:57 AM

    One possible out – KL checks into Betty fords funhouse for getting too pally with Mr Boone -

  6. 6
    Posted by guest | May 7, 2009 at 9:59 AM

    Lewis will take the fifth (of scotch)

  7. 7
    Posted by guest | May 7, 2009 at 10:01 AM

    @5 FTW

  8. 8
    Posted by Lowly Assistant | May 7, 2009 at 10:01 AM

    Hah, well done 6.

  9. 9
    Posted by guest | May 7, 2009 at 10:15 AM

    Hey, Ken. Who is your CEO, and are they from GS? -Maxine

  10. 10
    Posted by guest | May 7, 2009 at 10:21 AM

    @2 I love charades.

  11. 11
    Posted by Anal_yst | May 7, 2009 at 11:16 AM

    KL most def does not understand teh power of teh interwebs, nor that past statements can be magically stored and recalled at a moment’s notice. I submit exhibit A: “I’ve had about as much fun with investment banking…”
    Exhibits B-ZZZZZ will no-doubt be uncovered by the investigative prowess of the House Financial Services Committee.

  12. 12
    Posted by guest | May 7, 2009 at 3:44 PM

    What the hell is wrong with Boones anyway? It’s not heineken, true, but it has a distinctly delicious, fruity taste that for my dollar you can’t beat
    Sometimes, when cha-cha-chazz gasparnino comes down to Delaware to party, we get a bunch of different Boones flavors and mix them up into a big punch we call the “Suicide Slide”. Sure makes for interesting figures on our weekend bank pro formas…
    The Guy From Delaware

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