BofA claims that it didnt lie to Investors..

Bank of America is again caught in a swarm of controversy.

Insiders close to this story believe that BofA may not have been 'truthful' in telling its investors about BofA's executives bonuses'...

Bank of America claims it never lied to any of its investors...

Lies, Threats, Deal: Paulson, Bernanke, Lewis

Revelations that Ken Lewis had his arm twisted at the highest levels of government to buy Merrill should make for some interesting litigation...

By Robert Lenzner
www.forbes.com

Did Bernanke Bully Bank of America ?

A new report by the New York Attorney General says that government officials bullied Bank of America Chief Ken Lewis into accepting a merger with Merrill Lynch--then ordered him to keep mum about losses at Merrill..

www.forbes.com

Busting Bank of America

The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank of America is still shocking. It's a case study in the ways that panicky regulators have so often botched the bailout and made the financial crisis worse..

http://online.wsj.com

Bank of America's Profit Mainly Due to Recent Deals..

The company's profits came mostly from Merrill Lynch, the investment bank it purchased in the fall with financial aid from the federal government.

Revenue from trading in financial products, including corporate debt and securities, has driven the renewed profitability of most large banks in the first quarter, even as retail banking operations continue to struggle.

Stocks slide as investors dump financials

Bank of America's earnings surpassed analyst expectations by more than tripling to $4.2 billion.

But investors were unnerved that the company wrote off almost $7 billion in bad debt -- more than twice the amount of a year ago -- and poured an additional $6.4 billion into its reserve to cover future loan losses.

Ken Lewis has one foot out the door

Thedeal.com: Those rumors about Ken Lewis resigning or getting the boot as CEO of Bank of America Corp. (NYSE:BAC) just keep swirling and swirling. Meanwhile, Lewis, seems to already have one foot out the door.

Bulls and Bears Both Point to Lending

Online.wsj.com: The bulls are finding more evidence that this rally is the start of something lasting. The bears warn that the higher the market goes, the more pain will be suffered on the other side.

Strangely, both are pointing to the same part of the economy to make their opposing cases: the lending system.

Decision time at Bank of America Merrill Lynch

By William Wright:

Efinancialnews.com: If politics is the art of postponing decisions until they are no longer relevant, then it is time for Bank of America and Merrill Lynch to stop playing politics and get on with making their merger work...

BofA's wallet may be full enough to repay TARP

BofA Head Kenneth Lewis boldly told the Charlotte Observer Wednesday that BofA could repay the borrowed monies immediately if it were not maintaining higher-than-normal capital to account for the "fragile" state of the financial system.

MATH WHIZ: Big banks' fuzzy math

Money.cnn.com: Analysts are anticipating a flurry of capital-raising among banks once the stress tests end. They expect to see the healthiest institutions following in the footsteps of Goldman Sachs and selling stock en route to an early exit from the Troubled Asset Relief Program. Weaker banks are expected to try to raise money, with less certain success, to bolster their capital cushions.