Weekend Reading – “There Will Be Blood” Edition

by Darwin on February 5, 2010

This week it was announced that New York Attorney General’s office is filing civil charges against the former CEO of Bank of America Ken Lewis, saying he misled investors about Merrill Lynch when it acquired the bank in late 2008.  Whether this is politically motivated or there is legal merit, it is evident that after over a year of populist simmering over the fallout of the financial crisis, this is probably just the first in many such announcements.  There Will Be Blood.

With that backdrop, the good news is that I want to share my favorite reads from the past week from around the money blogosphere.  Also, I’ve included my top articles from within my network (make sure to check out my new blog ETFBase) as well as outlets that featured my content recently.

Favorite Reads:

Dividend Guy7 Warning Signs You Need to Repair Your Portfolio

Financial SamuraiDo “C” Students Deserve “A” Lifestyles?

Moolanomy25 Best iPhone Apps for Personal Finance

Steadfast Finances Personal Finance Equations You Should Know

Consumerism CommentaryPersonal Balance Sheet (I like checking out what other bloggers make – pretty cool that Flexo shares)

Len PenzoInflation 101: Why Avatar Isn’t the Biggest Movie of All Time (And What Movie Is)

Within My Network (I’ve been busy!):

Carnivals that Featured My Articles:

Carnival of Personal Finance

Best of Money

Money Stories

Festival of Stocks

Financial Planning

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1 Financial Samurai February 5, 2010 at 8:39 pm

Ken Lewis was a hero to thousands of Merrill Employees. He bought ML before the market opened when the futures were showing a 7% decline and paid $25 BILLION more for ML than he had to if he waited till the end.

He then played dumb and paid ML employees billions in stock bonuses!

The world needs people like Ken. He is an empire builder who is willing to overpay for his own glory.

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