Crooks and Liars:
I can barely read this through my empathetic tears:
March 5 (Bloomberg) -- Bank of America Corp. will suffer “grave and irreparable harm” if Merrill Lynch & Co. employees paid $3.6 billion in bonuses just before the firm’s acquisition by the bank are publicly identified, its lawyers said.
Bank of America today filed documents in state court in Manhattan to intervene in a case brought by New York Attorney General Andrew Cuomo to compel former Merrill Chief Executive Officer John Thain to testify about the bonus recipients.
“Neither the individual names nor the job titles bear any reasonable or relevant relationship” to Cuomo’s investigation, the firms argued in the documents. “Nor is there a reasonable or relevant reason to disclose such information to the general public.”
The information Cuomo seeks would provide a “road map” revealing which business lines the banks believe to be most valuable and enable competitors to poach the bank’s top talent, Bank of America argued in the court filing.
Disclosure of the information would also cause “internal dissension and consternation,” pose security risks for the exposed bankers and their families, and cause employees to leave, according to the filings.
3 comments:
Let me see if I get this right. If BOA discloses the information about the illegal pay outs harm will be done. To who the crooks or the taxpayers? Now if that's a legal defense for thief then the jails should be empty now. This is as stupid as the case about Obama's birth certificate. If any Judge agrees with this then he/she is no the take and is corrupt too.
Yeah, name the crooks...it happens in American society everyday. I could care less if they have to leave the country-good riddance to these thugs in suits. tell them to leave their passports on the table on the way out.
Post a Comment