BofA Chief Called On The Carpet Over Merrill Buyout

Law360, New York (June 05, 2009, 12:00 AM ET) -- Bank of America Corp. CEO Kenneth Lewis has been summoned to testify before the House Committee on Oversight and Government Reform on the bank's buyout of Merrill Lynch & Co. and the federal government's subsequent $20 billion bailout payment made to solidify the deal.

In a letter sent to Lewis Wednesday, Rep. Edolphus Towns, D-N.Y., and Rep. Dennis Kucinich, D-Ohio, asked the embattled CEO to appear at a June 11 hearing, saying they were looking for answers on several details of the acquisition, including why Bank...
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