Bank of America’s Ken Lewis: Another Scapegoat

By: Mike_Stathis

The news of Andrew Cuomo's letter to Congress revealing that former Treasury Secretary Paulson threatened to fire Bank of America's CEO Ken Lewis and oust the board if they tried to block the Merrill Lynch deal is not at all shocking to me. Nor is it a surprise that Bernanke “requested” this from Paulson. If you’ve been reading my articles, you know that the Treasury Department is the subordinate of the Federal Reserve.

http://www.businessinsider.com/..

So this latest news confirms much of what I suspected from the very beginning. In fact, I wrote a piece shortly after the announcement of the buyout calling it a bailout orchestrated by the Fed.

http://www.avaresearch.com/article_details-86.html

It was all too obvious to me based on the sequence of events, as well as the overly generous takeout price offered for Merrill by BAC. I will guarantee you this is just the tip of the iceberg. There are (and continue to be) many more hidden negotiations and power plays from behind the scenes regarding the bank bailouts, seizures and bankruptcies.

Americans need to start asking some key questions, like where is the SEC and why haven't they charged any of the banking executives with securities fraud for orchestrating the biggest Ponzi scheme in world history? Can we trust what Geithner says? When will Obama cut the strings from his puppet masters and take control of the presidency?  

Americans need to start demanding some results, like criminal indictments of numerous financial executives, as well as Ben Bernanke, Henry Paulson and several Washington officials. Yet, we now see everything turning to Lewis as if he were the villain. It is likely he will be used as the scapegoat in order to distract attention from the real criminals. As I've explained previously, in large part the media will determine his ultimate fate.

When (or if I should say) the full details underlying this entire banking/bailout fiasco are uncovered, most Americans are going to be shocked. But I won't. I've been reporting all along what has really been happening. The Federal Reserve is behind all of it. And I've been largely ignored despite the fact I've proven over and over that I'm the leading authority of this crisis. You need to start demanding the truth from the mainstream media. And you might want to ask them why they’ve censored me now for over two years. I already know why. They don’t want the full truth to come out. They want to determine your perception of reality.  That’s precisely why no one who relies on the mainstream media has a clue what’s really going on. It also explains in part why your investments have been destroyed.

By Mike Stathis
www.avaresearch.com

Copyright © 2009. All Rights Reserved. Mike Stathis.

Mike Stathis is the Managing Principal of Apex Venture Advisors , a business and investment intelligence firm serving the needs of venture firms, corporations and hedge funds on a variety of projects. Mike's work in the private markets includes valuation analysis, deal structuring, and business strategy. In the public markets he has assisted hedge funds with investment strategy, valuation analysis, market forecasting, risk management, and distressed securities analysis. Prior to Apex Advisors, Mike worked at UBS and Bear Stearns, focusing on asset management and merchant banking.

The accuracy of his predictions and insights detailed in the 2006 release of America's Financial Apocalypse and Cashing in on the Real Estate Bubble have positioned him as one of America's most insightful and creative financial minds. These books serve as proof that he remains well ahead of the curve, as he continues to position his clients with a unique competitive advantage. His first book, The Startup Company Bible for Entrepreneurs has become required reading for high-tech entrepreneurs, and is used in several business schools as a required text for completion of the MBA program.

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