Letter_to_Kenneth Lewis_Frank & Cuomo_9 Mar 09.pdf (719.14 kb)

Posted on: 10/03/2009 at 04:58
Categories: Credit crunch
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One of the most interesting documents I have read in the last few weeks was the open letter from Andrew Cuomo (Attorney General, New York State) to Barney Frank (Chairman, House Committee on Financial Services).

A couple of things struck me, first that language that was used by a senior lawyer. It's emotional and very explicit - and none the worse for that. Secondly, it's so good that it's a open letter - I think it contrasts with the attitude of politicians here to withold the truth from the public claiming that disclosure is not in the public interest. Lastly, there are problems ahead for the senior management of Merrill and BoA.

Please read the attached....

mario cuomo letter to barney franf.pdf (129.66 kb)

Posted on: 02/03/2009 at 11:33
Categories: Credit crunch
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