Fed Allegedly Threatens BoA CEO
Republicans cry that the Federal Reserve threatened to drive out Bank of America CEO Kenneth Lewis if they did not follow through with the plans to overtake Merrill Lynch & Co. This came after they reviewed investigation documents. They also said that there was confirmation that the government withheld information related to the amalgamation from the public, exactly violating the Freedom of Information Act. Thankfully, there was no proof that the government tried to get Bank of America to hide Merrill?s losses from shareholders.