Well...THEY'LL never do THAT again!

div style="text-align: center; font-weight: bold;"div style="text-align: left;"span style="font-weight: normal;"But where, oh where, will they ever come up with the cash?!?!/spanbr /br //diva href="http://www.msnbc.msn.com/id/32271441/ns/business-economy_in_turmoil/"BofA pays $33M fine for misleading investors /a/divdiv class="abstract"br //divblockquotediv class="abstract"SEC charged that bank didn't adequately explain Merrill Lynch bonuses/divdivdiv class="updateTime"br /The Associated Pressspan id="udtD"span class="time"/span - span class="date"Mon., Aug 3, 2009/span/span/divscript language="javascript" function UpdateTimeStamp(pdt) { var n = document.getElementById("udtD"); if(pdt != '' n window.DateTime) { var dt = new DateTime(); pdt = dt.T2D(pdt); if(dt.GetTZ(pdt)) {n.innerHTML = dt.D2S(pdt,(('false'.toLowerCase()=='false')?false:true));} } } UpdateTimeStamp('633849288127800000');/script/divp class="textBodyBlack"WASHINGTON - Bank of America Corp. has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch’s plans to pay bonuses to its executives, regulators said Monday./pp class="textBodyBlack"In seeking approval to buy Merrill, Bank of America told investors that Merrill would not pay year-end bonuses without Bank of America’s consent. But the Securities and Exchange Commission said Bank of America had authorized New York-based Merrill to pay up to $5.8 billion in bonuses./pp class="textBodyBlack"That rendered a statement Bank of America mailed to 283,000 shareholders of both companies about the Merrill deal “materially false and misleading,” the SEC said in a statement./pp class="textBodyBlack"Bank of America agreed to pay $33 million to settle the charges without admitting or denying the allegations. The settlement is subject to court approval./pp class="textBodyBlack"“Bank of America believes that the settlement ... represents a constructive conclusion to this issue,” company spokesman Scott Silvestri said in an e-mailed statement./pp class="textBodyBlack"New York Attorney General Andrew Cuomo, who referred the case to the SEC in April, said his investigation is continuing. The SEC said its probe also is ongoing./pp class="textBodyBlack"Bank of America, along with Citigroup Inc. and insurance giant American International Group, is among the largest recipients of government aid. span style="font-weight: bold;"It has received $45 billion from the federal $700 billion bank rescue program./span/p/blockquotep class="textBodyBlack"span style="font-weight: bold;"/span/pdiv class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/7893272060787897238-382178813736726915?l=delawarelibertarian.blogspot.com'//div

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