Ken Lewis - Houdini Banker

Boom goes the dynamite! From Reuters, Bank of America rejects SEC claims in bonus suit:

Bank of America Corp (BAC.N) formally denied U.S. Securities and Exchange Commission claims accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1merger, and said it is seeking an order dismissing the regulator's complaint.

In its answer to the SEC's complaint, Bank of America maintained that the proxy statement for the merger did not contain false or misleading statements, or omit key facts. It also said it was not negligent in preparing the proxy statement.

And so Ken Lewis escapes this newest SEC dragnet and lives to fight another day. Now, NY Attorney General Cuomo, Judge Rakoff or Congressman Townes, who's up next to try to land a punch against this guy...