You are here: Fairness.com > Resources > Bank Chief Tells of U.S. Pressure t...

Bank Chief Tells of U.S. Pressure to Buy Merrill Lynch

Date: June 11, 2009

Authors: Louise Story and Jo Becker

QUOTE: ... Kenneth D. Lewis, Bank of America’s embattled chief executive, walked into yet another Congressional hearing room...lawmakers turned the spotlight on personalities who were not seated in the chamber: the federal officials who had pushed him to complete a troubled merger with Merrill Lynch late last year, despite knowing that huge losses riddled the once-mighty Wall Street firm.

• Read it: New York Times
• Tell a friend
• Add a Comment*

Article MetaInformation:

Key People:

• Ben S. Bernanke Ph.D.
• Henry "Hank" M. Paulson Jr., MBA
• Timothy F. Geithner
• Lawrence H. Summers
• Rep. Dennis J. Kucinich
• Rep. Edolphus Towns
• Kenneth D. Lewis

Key Organizations:

• Bank of America Corporation (B of A)
• Federal Reserve System (FED)
• Merrill Lynch & Co.
• New York Times Company

Subject & Geographic Categories:

• Abstract Principles
  • Abuse of Power (Organizations)
  • Motivation/Rewards/Punishments
    • Threats / Intimidation / Extortion / Deterrence
  • Risk Taking

• Businesses & Organizations
  • Industry-Specific Issues
    • Banking/Lending
    • Securities (Wall Street)
  • Organizational Behavior/Culture
    • Leadership / Management

• Government & Politics / History
  • Government (General)
    • Government Regulation
      • Business Regulation

• North America
  • United States of America/USA

Comments:

none

• Add a Comment*

*User comments are posted without Fairness.com LLC's prior review or approval, and Fairness.com LLC takes no responsibility for them; please see our Conditions of Service Agreement.

Please send your comments and suggestions to the Webmaster. © copyright 1999-2009, Fairness.com LLC.
"Fairness.com" and "Life isn't fair... but we're working on it" are service marks of Fairness.com LLC. All rights reserved.