Someone has to pay for the Bank of America overpaying for Merrill Lynch and awarding Merrill executives inflated bonuses. Who will it be? Ken Lewis is an obvious contender as he's already been banished from the top job at the bank.
Or will it be the lawyers who, according to Lewis, advised him on his actions on behalf of the bank? Bloomberg notes, " A showdown is looming and many will be combing through the legal records of the BAC/Merrill transaction."
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