NO ACCOUNTABILITY ONCE AGAIN

The MOTU generally get to walk away from the disasters they helped create and almost no one makes a stink about this lack of accountability.

SEC expands charges against Bank of America, saying it failed to disclose losses at Merrill
By MARCY GORDON AP Business Writer
WASHINGTON January 11, 2010 (AP)

The Securities and Exchange Commission announced Monday it had asked a federal judge in Manhattan to allow it to file the new civil charges against the biggest U.S. bank. But the SEC also said it wouldn't charge any individual Bank of America executives, directors or attorneys because they are not alleged to have "deliberately concealed" information from the bank's outside attorneys or otherwise acted with intent to mislead.