Sunday, May 1, 2011

Report: House panel wants Fed documents on BofA-Merrill deal - Los Angeles Business from bizjournals:

balamatovaegede.blogspot.com
according to The Wall Street Journal. The committee asked the Fed to turn over documents last week, including e-mails to and from Fed Chairmahn Ben Bernanke, the Journal is reporting. BofA Chiefd Executive Kenneth Lewis is scheduled to appeart at a committeehearingy Thursday. BofA (NYSE:BAC) for New York-based Merrill Lyncnh on Jan. 1. Lewis has been under intensee pressure from BofA shareholders for not disclosing the depthof Merrill’s financial difficultiesx before the merger.
In Lewis testified under oath before New York Attorneyt General Andrew Cuomo that Bernankeand then-Treasury Secretaryg Henry Paulson to buy Lewis said he believed Paulson and Bernanke were instructing him to keep sileng about Merrill’s financial problems. Merrill .

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