Jul 3rd, 2009 - bizjournals
The board of Bank of America Corp. has authorized the payment of $713 million in dividends to the U.S. government under the Troubled Asset Relief Program.
The bank will make the payment in August.
BofA received $45 billion in federal funds from the program, which is designed to thaw the credit markets. Some $20 billion of that amount came as part of BofA’s purchase of troubled brokerage Merrill Lynch & Co. Inc. on Jan. 1.
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Jun 25th, 2009 - Wall Street Journal
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...
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roydeyoung.typepad.com If you are like me, you are concerned, frustrated, and a bit confused that Bank of America has been allowed, and enabled, by the US government to suck the life out of our financial system. In addition, if ...
