Thain Subpoenaed

New York AG Andrew Cuomo is getting serious, CNBC’s Charlie Gasparino says.  He has subpoenaed John Thain and a couple of Bank of Americans.

The goal?

Getting to the bottom of this TARP-money for bonuses scandal.

Ken Lewis hasn’t been subpoenaed yet. After Thain’s testimony, we imagine he will be.

See Also: Your Move, Bank Of America

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at