Home -> Law Blog Directory -> Bailout Blogs -> Calculated Risk

Bailout

: Calculated Risk

Bernanke to Testify on BofA and Merrill Lynch at 10 AM ET

By Anonymous

Fed Chairman Ben Bernanke is to provide testimony before the House Committee on Oversight and Government Reform regarding the Bank of America's acquisition of Merrill Lynch. Might be interesting ...

UPDATE: Here is Bernanke's prepared testimony.

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 testimony to respond to some of the questions that have been raised.

Here is the CNBC feed.

And a live feed from C-SPAN.

Full post as published by Calculated Risk on June 25, 2009 (boomark / email).