Bank of America CEO Says He Was Pressured Into Merrill Rescue

The CEO and Chairman of Bank of America says he was threatened by the Bush Administration's Secretary of Treasury when he tried to back out of a deal to rescue Merrill Lynch, according to testimony he gave to New York Attorney General Andrew Cuomo . The stunning disclosures of a behind the scenes power play by top government officials are the talk of Wall Street and Washington today. In his testimony, Bank of America CEO Ken Lewis told New York's Attorney General that then-Treasury Secretary...Full Story
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