Saturday, 25 April 2009

Could Bernanke and Paulson be prosecuted under SEC laws?

According to American Public Media's interview with a former SEC chief accountant, Lynn Turner, both Ben Bernanke and Henry Paulson could have committed serious violations of securities legislation

Here is the comment:
If Henry Paulson and Ben Bernanke really told the CEO of Bank of America to keep quiet about losses at Merrill Lynch, they were probably breaking the law. That's according to Lynn Turner, former chief accountant at the SEC
Heard on the audio clip, Lynn Turner expresses the view:
If these allegations are proven true, both Bernanke and Paulson should be prosecuted by the SEC to the fullest extent of the law.

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