CEO says gov't pressured bank to buy Merrill Lynch

BofA’s CEO: Fed pressured bank to buy Merrill
Bank of America’s Chief Executive Officer Kenneth Lewis said Thursday his bank decided to buy Merrill Lynch partly because it was pressured to do so by the Federal Reserve.

DealBook: Live-Blogging Ben Bernanke on Capitol Hill
The Federal Reserve’s chairman is testifying on Thursday about Bank of America’s acquisition of Merrill Lynch.

E-Mails Show Fed Pressure on Bank of America
E-mails from the Federal Reserve indicate Bank of America’s executives were pressed to stay quiet about Merrill Lynch’s financial condition, a document written by House Republicans...

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