The Washington Independent

Posts Tagged wall street bailiout

Geithner, Summers Endorsed Dubious Bank of America-Merrill Lynch Deal

By | 10.20.09 | 12:18 pm

Bush administration officials have been under fire for effectively forcing a merger last December between Bank of America and Merrill Lynch without informing BoA shareholders of the financial dire straights Merrill was in at the time.

But yesterday the Obama administration was pulled more deeply into More…