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Bernanke testifies at House hearing

The politics of the Bank of America-Merrill Lynch deal were on display at a much awaited House hearing featuring Ben Bernanke. "I did not tell Bank of America's management that the Federal Reserve... Read more...

Ken Lewis treads a fine line

My conclusion is that Ken Lewis's performance at the House hearing was enough to keep federal regulators from demanding his job. (The new board may be another matter). Lewis went before sometimes... Read more...

Emails show pressure on Bank of America

Documents released by Republicans paint a not-so-flattering portrait of federal regulators exerting pressure on Bank of America to conclude its deal with Merrill Lynch, even though the latter was... Read more...

Ken Lewis vs. top government officials in hearing?

The House Committee on Oversight and Government Reform apparently intends to hold hearings soon that would feature Bank of America CEO Ken Lewis and some top government officials, who have not yet... Read more...

Bank of America bombshell hurts all

No one looks good in the wake of the bombshell news that Bank of America CEO Ken Lewis fingered Fed chairman Ben Bernanke and then Treasury Secretary Henry Paulson for his decision to not publicly... Read more...

Nationalization as a semantic issue

Top government officials have trying hard to stick to their talking points on nationalization: We do not favor nationalization, nor are we planning for it. Fed chair Ben Bernanke told congressmen... Read more...

Why the underwhelming response to the new plan?

There are two main reasons for the underwhelming response to the new bank bailout plan. 1. Not enough details. Frankly, people need more specifics, especially when it comes to how a bad bank would... Read more...

Ken Lewis wanted out of the deal

Bank of America CEO Ken Lewis, aghast at the mounting losses at Merrill Lynch, wanted to back out of the deal not too long ago, according to a Fortune report. Lewis arranged a meeting with his... Read more...