Bank of America and Merrill Lynch Merger, Continuation
Channel: HouseResourceOrg
Date: 2010-12-28

Bank of America and Merrill Lynch Merger, Continuation - House Oversight Committee - 2009-06-11 - Product 286965-4-DVD - House Committee on Government Reform and Oversight. Kenneth Lewis, CEO of Bank of America, testified about the events surrounding Bank of America's acquisition of Merrill Lynch and its receipt of federal financial assistance. In his testimony he said that federal regulators had pressured the bank into moving forward with the merger. In sometimes contentious exchanges, committee members expressed concern about the pressure applied, but also questioned if Mr. Lewis may have used the threat of backing out of the acquisition as a "bargaining chip" for more government assistance. See program id 286965-1 to view the first portion of the hearing. Filmed by C-SPAN. Non-commercial use only. For more information see http://www.c-spanvideo.org/program/286965-4