Thursday, February 4, 2010

Andrew Cuomo and corporate finance

Someone should really sit Andrew Cuomo down and explain that, even if BofA defrauded its shareholders by recklessly merging with Merrill, it only makes things worse to sue BofA and ask for payment of damages to the shareholders and the state.  I fear that Cuomo (and those before him (I'm looking at you prostie man) and most elected officials) are completely unaware that a company can't pay its own shareholders damages...

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