How the Case Against Bank of America CEO Fizzled

by Jesse Eisinger
ProPublica, April 2, 2014, 12:10 p.m.

The regulatory cloud has lifted for Kenneth D. Lewis. Last week, the former head of Bank of America received a modest penalty, paid for by his former employer, and a temporary ban from an industry he is no longer a part of.

In this seminal financial crisis investigation, regulators put on a master class in how to take a strong case and render it weak.