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Obviously this is an appropriate—indeed an essential—element of Lewis' biography. However, the section as it existed contained claims of what Lewis knew and when, when in fact that is not entirely clear and there are a great many mitigating circumstances, such as Bush administration officials who would not allow Lewis to pull out of the planned merger, which was his legal right. There is also a part about the loss of value of the stock, with nothing about the massive gains in stock—up a few hundred percent—from that bottom. There is also nothing about the context, i.e. that all banks, even those without any exposure to CDOs and mortgage-backed securities, have lost a huge percentage of their value in the same period of time, or that the company was profitable in the first two months of the year, or that some of those profits came from Countrywide and Merrill Lynch, the very entities Lewis has been maligned for buying, due to the popular impression that they would not be profitable. None of these elements as discussed were supported by the cites given for the article. While the bio is clearly lacking without any discussion of these issues, it is even more poorly served by presenting unsourced POV at this delicate time. This is not only a Wikipedia:BLP, it is also an article about an ongoing situation that effects the economy in general and BofA stock, even Lewis' tenure with the bank, specifically. As such, leaving this narrow and incomplete POV with a cite tag seems the more irresponsible editing choice. Of course editors are encouraged to source a balanced and contextual view of these issues. Abrazame ( talk) 14:04, 29 April 2009 (UTC)
According to New-York Times from 25 AUG 2011 : (...) The bulk of those losses stem from the company’s disastrous acquisition of Countrywide Financial in 2008, the subprime lender whose reckless lending policies have made it a symbol of the housing bubble. Mr. Moynihan’s predecessor, Kenneth D. Lewis, paid $4 billion for Countrywide. It has already cost the company more than $30 billion. http://www.nytimes.com/2011/08/26/business/buffett-to-invest-5-billion-in-shaky-bank-of-america.html?_r=1 90.46.70.234 ( talk) 08:25, 26 August 2011 (UTC)
I grabbed this from the Huffington Post, circa 2010:
This article must adhere to the biographies of living persons (BLP) policy, even if it is not a biography, because it contains material about living persons. Contentious material about living persons that is unsourced or poorly sourced must be removed immediately from the article and its talk page, especially if potentially libellous. If such material is repeatedly inserted, or if you have other concerns, please report the issue to this noticeboard.If you are a subject of this article, or acting on behalf of one, and you need help, please see this help page. |
This article is rated Stub-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||
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Obviously this is an appropriate—indeed an essential—element of Lewis' biography. However, the section as it existed contained claims of what Lewis knew and when, when in fact that is not entirely clear and there are a great many mitigating circumstances, such as Bush administration officials who would not allow Lewis to pull out of the planned merger, which was his legal right. There is also a part about the loss of value of the stock, with nothing about the massive gains in stock—up a few hundred percent—from that bottom. There is also nothing about the context, i.e. that all banks, even those without any exposure to CDOs and mortgage-backed securities, have lost a huge percentage of their value in the same period of time, or that the company was profitable in the first two months of the year, or that some of those profits came from Countrywide and Merrill Lynch, the very entities Lewis has been maligned for buying, due to the popular impression that they would not be profitable. None of these elements as discussed were supported by the cites given for the article. While the bio is clearly lacking without any discussion of these issues, it is even more poorly served by presenting unsourced POV at this delicate time. This is not only a Wikipedia:BLP, it is also an article about an ongoing situation that effects the economy in general and BofA stock, even Lewis' tenure with the bank, specifically. As such, leaving this narrow and incomplete POV with a cite tag seems the more irresponsible editing choice. Of course editors are encouraged to source a balanced and contextual view of these issues. Abrazame ( talk) 14:04, 29 April 2009 (UTC)
According to New-York Times from 25 AUG 2011 : (...) The bulk of those losses stem from the company’s disastrous acquisition of Countrywide Financial in 2008, the subprime lender whose reckless lending policies have made it a symbol of the housing bubble. Mr. Moynihan’s predecessor, Kenneth D. Lewis, paid $4 billion for Countrywide. It has already cost the company more than $30 billion. http://www.nytimes.com/2011/08/26/business/buffett-to-invest-5-billion-in-shaky-bank-of-america.html?_r=1 90.46.70.234 ( talk) 08:25, 26 August 2011 (UTC)
I grabbed this from the Huffington Post, circa 2010: