Ken Lewis Pumps Up Bank of America Stock then Steps Down?

Between January 20th and February 4th, Bank of America CEO Ken Lewis purchased 400,000 shares of BAC stock between the prices of $4.78 and $6.06.  He currently holds over 1.4 million shares in the banking giant.  On March 2nd, Ken Lewis made the statement that accepting so much TARP money was wrong and Bank of [...]

Bank of America Pays Out $700 Million in Bonuses With YOUR Money

On February 13th, 2009, Bank of America started its year end compensation bonus package.  In one day, the struggling bank paid out $700 million and is expected to pay an additional $900 million in cash and stocks in the near future.  Where is this money coming from?  Is this the same company that is going [...]