Posts Tagged ‘merrill lynch’

House Committee To Grill Lewis, Bernanke and Paulson

This will probably be good theater and solve nothing. The House Committee on Oversight and Government Reform plans to have Ken Lewis and top federal officials testify under oath about the events surrounding the acquisition of Merrill. From the WSJ: The decision to hold a hearing before members of the House Committee on Oversight and […]

Now We Know Why Thain Was Smiling

Ken Lewis, the CEO of Bank of America, was named Banker of the Year by the American Banker in December. Today it was announced that the federal government was going to inject billions more into Bank of America to keep it alive. The ostensible reason for this bailout is that Bank of America was blindsided […]

BofA Seeks Feds Help With Merrill Acquisition

According to the WSJ, Bank of America, is now next in line to get more government aid. Apparently, talks have been going on with the Fed and Treasury since mid-December when BofA informed them that given the size of potential losses from its acquisition of Merrill Lynch that it might not be able to complete […]