Post bank meltdown news on Bank of America and its CEO

From what I can see, there has not been enough new governance or accountability following the bank meltdown that precipitated the Great Recession. However, there have been some significant activity here and there, including this from the NYTimes.com:

Bank of America’s embattled chief executive, Kenneth D. Lewis, agreed Thursday not to take a salary or bonus for 2009, as new information emerged about legal advice the firm received on its ill-fated merger with Merrill Lynch.

Mr. Lewis also agreed to reimburse the bank for paychecks he has received since January, after Kenneth R. Feinberg, the government’s overseer of executive compensation, urged Mr. Lewis to take no compensation this year.

Sadly, I think this is only occurring due to serious legal steps being taken by New York’s Attorney General. Not alot if anything seems to be coming from Washington. While I am faintly hopeful that after the Health Care legislation is finished, this is taken up, I cynically think it is going to require a new short sharp shock before anything of note happens.

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