BofA stole $500 Million from Lehman, court rules

[redrumloa]

Bank of America, headed by CEO and close Obama friend Brian Moynihan, stole $500 Million from Lehman Brothers shortly before bankruptcy was unauthorized.

http://finance.yahoo.com/news/BofAs-sei ... l?x=0&.v=1

"It is difficult to understand how BofA could have thought that taking the money was the right thing to do without first seeking permission from the court," Judge James Peck said.

"The court believes that the actions taken were surprising and, quite frankly, disappointing for a leading financial institution that should care a great deal about its reputation," he said.

Funny how $500 Million being stolen is stated in such carefuly worded terms. :roll: