"Bank reshuffles top management
Also yesterday, the Securities and Exchange Commission sued Bank of America Corp., accusing it of failing to disclose “staggering financial losses’’ at Merrill Lynch before shareholders approved combining the companies. The lawsuit seeks an order requiring the bank to pay a civil penalty for not telling shareholders it was losing $15.3 billion in the fourth quarter of 2008.
Shouldn't someone at least go to jail, even if it is some sacrificial lamb?
