Jun 25th, 2009 - Wall Street Journal
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The following is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on Bank of America's acquisition of Merrill Lynch before the House Committee on Oversight and Government Reform on Thursday, June 25:
Chairman Towns, Ranking Member Issa, and other members of the Committee, I appreciate the opportunity to discuss the Federal Reserve's role in the acquisition by the Bank of America Corporation of Merrill Lynch & Co., Inc. I believe that the Federal Reserve acted with the highest integrity throughout its discussions with Bank of America regarding that company's acquisition of Merrill Lynch. I will attempt in this ...
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8:20Lehman, Bank America, Merrill and Idiot Nation
Folks, we've had plenty of time, and so has Wall Street to do the right thing. Now we're getting the consequences of NOT. When will we stop this stupidity and TAKE RESPONSIBILITY? Ever? Time to get off your duffs folks.
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