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BUSTED: Dylan Ratigan On The Lying Scoundrels At Bank Of America (That Means You Ken Lewis)

Video: BofA hid leverage amd debt levels a la Lehman Repo 105 fame -- July 2010

It's a short clip, not unlike the SEC's penis.

Bank of America, admitted to hiding billions of dollars in debt, in order to meet end of quarter financial targets from 2007-2009.  So Ken Lewis was in charge while the bamboozlement took place.  Problem is the SEC always goes soft on criminal bankers.

Case in point, when Citigroup lied about $40 billion of subprime exposure, Schapiro and the gang that couldn't shoot straight thought $75 million was fitting punishment, and just $100k for Gary Crittenden, Citigoup's CLO (chief lying officer...). 

Thankfully, Judge Ellen Segal Huvelle ruled yesterday that the SEC-Citigroup settlement was bogus and gave both sides the jurisprudent stink-eye and fat middle finger for wasting her time.








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Reader Comments (9)

Very funny post. Made me laugh out loud twice.
Aug 18, 2010 at 1:57 PM | Unregistered CommenterJohn
Thx john...

BUSTED: Bank Of America Admits To SEC That It Repeatedly Lied About Debt And Leverage Levels »

Aug 18, 2010 at 2:10 PM | Registered CommenterDailyBail

LEHMAN ACCOUNTING FRAUD: Attention Prosecutors: Watch This Video About Lehman, Geithner, Fuld & The NY Fed »

Aug 18, 2010 at 2:11 PM | Registered CommenterDailyBail
FRAUD: Documents Show Bank Of America & Citigroup Utilized Lehman-Style Repo 105s To Hide Debt »

Aug 18, 2010 at 2:12 PM | Registered CommenterDailyBail
why hasn't Ken Lewis or Gary Crittenden or any Bankster for God sakes been prosecuted under Sarbanes Oxley?
Aug 18, 2010 at 10:26 PM | Unregistered CommenterLouAmbrosio
Lou...i'm not an expert on that legislation and teh types of cases that have been brought...


But I do know that the SEC recently settled with Dell for having lied about their accoutning for years...and the settlement was tiny...i still have some hope that folks at lehman will get charged...they were biggar liars than anyone in terms of quarterly accounting...
Aug 18, 2010 at 10:36 PM | Registered CommenterDailyBail
If Ratigan and people like him are silenced, we will be close to collapse/revolution.

So I hope he is allowed to continue talking and laughing but I don't know how long he (and we) will be able to laugh about these things.

Massive fraud and theft are serious business, aren't they?

I get the feeling that Ratigan is really laughing at his corporate bosses for being forced to allow him to report this unbelievable stuff.

His bosses believe in the First Amendment and their principles wont allow them to silence him.

But he's killing them every day with a thousand cuts and that's both funny and tragic.
Aug 19, 2010 at 2:16 PM | Unregistered CommenterJames Street
James...you are close...as someone who watches all of ratigan's clips...he is laughing for the exact same reason as you see me laughing through stories of pain...because it's a broken record...he stands up for an hour every day to detail the corruption and fraud...after awhile, one goes numb from the constant stories of despicable corporate and government behavior...after the numb phase, everything starts to get funny...same crap day after day...why not start to laugh about it...

As for as NBC brass...he left cnbc for the expressed purpose of doing a show to expose the corruption...so msnbc producers knew exactly what they were getting with dylan...i know one of his producers and trust me they LOVE dylan...he is the most popular anchor they have with management...or so i am told...he hates politics with a passion and believes it is what has destroyed our country...he wants solutions and doesn't care from which side of the political spectrum they come...
Aug 19, 2010 at 2:24 PM | Registered CommenterDailyBail
Thanks for that information. I would REALLY get depressed if I thought every American television producer was forced flatter his corporate bosses with every production.

Ratigan's program is clearly a sign that all the health has not gone out of our system: Ratigan's brand of steam letting is necessary to prevent or at least diminish political explosions.

However, I was thinking of the role of Beaumarchais before the French and American Revolutions when I wrote that comment. Wiki gives an adequate summary: http://www.ask.com/wiki/Pierre_Beaumarchais

I wonder if we are living in a similar period?
Aug 19, 2010 at 7:32 PM | Unregistered CommenterJames Street

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