Ball point pen on today's newsprint

Our government is just getting around to prosecuting some of the institutions that schemed to defraud government-backed mortgage agencies by churning out billions in bad loans, leaving taxpayers on the hook, triggering a world wide banking crisis, destroying the housing market and generally F-ing up the global economy.

They're looking to collect at least 1 billion in penalties from Bank of America.... It's a start.

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Ballpoint Reruns

Its been a year since I last took a sabbatical from Drawing On Observations to visit London and Paris. This year we have something special planned. I'll tell you about it when I return. In the mean time, I'm reposting some of my favorite portraits doodled over the past year

Due to spam issues all comments will be turned off until I return.

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Ball point pen on the morning newsprint

Kenneth Lewis is stepping down as CEO of Bank of America, after presiding over the paying a premium for the failing Merrill Lynch, the ill advised bonuses, two government bailouts and the evaporation of fortunes when shares of Bank of America (BAC) slipped from a high of 54.85 in 2006 to 3.14. For said stewardship he was compensated handsomely. In 2007 his compensation was valued at more than $20.4 million, 10% less for 2006. He will collect a pension worth 53.2 million dollars.

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