RSSHouse Dem: Gov’t had no role in Merrill merger
From: The Washington Times | November 17, 2009
A senior House Democrat has denied the government forced Bank of America to go through with a takeover of Merrill Lynch, despite past comments to the contrary from the bank's former top executive. House Oversight and Government Reform Committee Chairman Edolphus Towns, during a Tuesday hearing of his panel, said that evidence and testimony by Bank of America officials show that "nobody in the government did anything improper during this transaction." "If there are still people who want to say the government forced Bank of America to go through with this deal, they are turning a blind eye to the ...
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