FRONTLINE: BREAKING THE BANK
17 June 2009 by Cullen Roche
1 Comment
Excellent inside look at the credit crisis here. Watch the full program:
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Comments
They don’t mention that Stan O’Neal gave Ken Lewis a call in 2007 when Merrill’s mortgage holdings started to crack, to see if BofA was interested in buying Merrill. Stan took a beating for going around the board of directors to try to initiate a deal. It was, at least superficially, part reason for his dismissal.