TARP fraud at high levels of business and government?

Don Luskin expounds.

Excerpts:

Yesterday’s sensational claims by New York Attorney General Andrew Cuomo — that Ken Lewis, CEO of TARP-recipient Bank of America, was pressured into what amounts to securities fraud by the Treasury and the Federal Reserve concerning his bank’s acquisition of Merrill Lynch — throws the question right into the headlines. It raises issues of corruption all around, and at the highest levels — from corporate CEOs and federal regulators to Mr. Cuomo himself....

....A $700 billion budget buys one heck of a big dog — apparently a dog that attracts some pretty big fleas."

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