House Panel To Probe BofA's Merrill Deal

Wall Street Journal:

Bank of America Corp. Chief Executive Kenneth Lewis and top federal officials will be asked to testify under oath by a U.S. House panel next month, as congressional investigators probe claims the bank was pressured by the government into completing its deal with Merrill Lynch & Co., a person familiar with the investigation said Wednesday.

Read the whole story: Wall Street Journal

Comments

[PhilipTaylor]

07:33 AM on 05/08/2009

No Credit Flows to Main Street after Bloomberg says over 7 months FED+Treasury have pumped

$12,800,000,000,000

in WE1FARE to Wall Street to get Main Street Credit Flowing.

Still ZERO FLOW - In fact it dropped more.

[Opt1musPr1me]

11:52 AM on 05/07/2009

Yes good move. If GM lands a stake in Fiat, that would mean Chrysler is somewhat still in U.S. hands.

[2garen]

11:49 AM on 05/07/2009

You mean to tell me they are GOING to investigate? Would a reasonable person please explain to the American population why this has not taken place already?

[Propagandhi]

11:19 AM on 05/07/2009

Those eyeballs look rigged to explode Wile E. Coyote style.

[sheilaofmiami]

11:01 AM on 05/07/2009

congress is going to look into this, right, and I have bridges for sale in several states, all are brand new and in excellent shape to have millions of tons of vehicle on them.

[Sandmanj]

10:32 AM on 05/07/2009

Anyone mass producing halloween masks of Lewis' face could make a fortune. He's downright creepy.

[Rule Of Law]

12:40 PM on 05/07/2009

It's hard to believe that he was ever any mother's baby.

[Sandmanj]

10:30 AM on 05/07/2009

Looking at Lewis' face just makes me feel like my naked body is covered with red ants.

[Gladys1963]

10:53 PM on 05/07/2009

Thaaaat's what that feeling is! Eww--but thank you for clearing that up for me!

(He is rather creepy--ooh, there goes an ant!)

[independant77]

09:26 AM on 05/07/2009

To conseratives.YOU LOST.Your God is dead--All of our taxes are going to skyroket--We are taking over--we are communists,and we will will have to do Obamas will

[roncar]

10:18 AM on 05/07/2009

Your finally getting it.

[whatthel]

09:17 AM on 05/07/2009

Congressional probes are just a way for the members to posture, in front of the cameras. It's like pro wrestling, they all go out for drinks and dinner afterward and have a big laugh about it..

[vesaversa1]

09:15 AM on 05/07/2009

ooohhh someone is in trouble . Fu**k these finger pointing investigation when no one will be charge with any crime .These thing are just a waste of tax payer time and money full of smoke and morrows.

[teddybobby]

09:15 AM on 05/07/2009

THIS GUY KEN LEWIS SHOULD BE FIRED FOR LOOKING SO WEIRD...

[ThatOne4Me]

10:26 AM on 05/07/2009

lol

[rich misty]

09:13 AM on 05/07/2009

"Many Americans still don't understand what has happened to the economy," FRONTLINE producer/director Michael Kirk says. "How did it all go so bad so quickly? Who is responsible? How effective has the response from Washington and Wall Street been? Those are the questions at the heart of Inside the Meltdown."

http://www.pbs.org/wgbh/pages/frontline/meltdown/view/

[kdublya]

09:06 AM on 05/07/2009

Big whoop. More broll for the election reels.

[rich misty]

09:01 AM on 05/07/2009

obamanomics: Everyone has seen the Bush video, but you are factually incorrect
--------------------------------------------------------------------------------------------------------------

http://www.youtube.com/watch?v=kNqQx7sjoS8

[ebanks84]

09:00 AM on 05/07/2009

That man STILL looks like he don't have a clue. He is hopeless and will NEVER learn what his greed has done to his country. I hope they get rid of him permanently and get some new blood in their that has not been tainted with MONEY being his mantra.

BOA is the worse bank in America!

[roncar]

09:14 AM on 05/07/2009

Are you talking about O bams?