House committee to investigate BofA Merrill deal

This presumably would include investigating Bernanke and Paulson too.

WSJ money quote:

The person familiar with the investigation said the review of documents, notes from phone conversations involving Federal Reserve officials and other information suggest “there’s fire there.”

This could be huge. Look, I mean, what was BofA CEO Kenneth Lewis supposed to do when the Fed and Paulson made him an offer he couldn’t refuse?


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s