Kucinich Urges Expanded Probe of Merrill Deal
OPS_admin | Aug 05, 2009 | Comments 0
Kucinich Urges Expanded Probe of Merrill Deal – – NYTimes.com
Dennis J. Kucinich, Democrat of Ohio, pressed the Securities and Exchange Commission on Tuesday to expand its investigation of possible violations of securities laws by Bank of America in its shotgun marriage to Merrill Lynch.
In a letter to Mary Schapiro, the chairwoman of the S.E.C., Mr. Kucinich said documents he had reviewed revealed that high-ranking officials at the Federal Reserve believed that Bank of America withheld material information about the deteriorating financial health of Merrill from shareholders in advance of the shareholder vote and that those actions could be violations of securities laws.
The documents show that the Fed’s general counsel, Scott Alvarez, believed that Bank of America could have broken securities laws by failing to update its proxy solicitation and public statements it had made about the merger after learning about Merrill’s losses before the shareholder vote on Dec. 5, Mr. Kucinich said.
via Kucinich Urges Expanded Probe of Merrill Deal – DealBook Blog – NYTimes.com.
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
