THIS IS FROM THE JOURNAL!
By Daniel at 10 June, 2009, 3:43 am
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By MICHAEL R. CRITTENDEN and LIZ RAPPAPORT
U.S. House lawmakers filed a subpoena Tuesday to compel the Federal Reserve to turn over internal notes and emails detailing the central bank’s role in encouraging Bank of America Corp. to complete its acquisition of Merrill Lynch & Co.
A Fed spokesman said Fed would comply with the request.
The House Committee on Oversight and Government Reform asked the Fed to turn over documents requested by the panel last week. The documents requested include emails to and from Fed Chairman Ben Bernanke, as well as handwritten notes from meetings and conversations involving Mr. Bernanke, then-Treasury Secretary Henry Paulson and Kenneth Lewis, then BofA’s chairman and chief executive officer. In April, Mr. Lewis stepped down as chairman. He remains CEO.
Mr. Lewis is scheduled to appear Thursday before House lawmakers. Congressional investigators have been investigating the details of BofA’s takeover of Merrill, as well as the government’s decision to give the company $20 billion in additional government aid in January.
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