Big trouble For Bank Of America

oh noes

By tossing out its Merrill Lynch settlement, a federal judge puts the bank back on the firing line.

Lawyers following the case said the decision could embolden New York State Attorney General Andrew Cuomo to pursue charges against Bank of America executives.

Couldn’t happen to more deserving people.

Zero Hedge

It is now high time for [SEC Chair] Mary Schapiro and [B of A CEO] Ken Lewis to tender their resignations.

We may yet get to see Ken Lewis do the perp walk. Be still my heart.