Merrill Deal Docs Show Early Alarms At BofA: Report

Law360, New York (October 21, 2009, 3:19 PM EDT) -- According to internal documents reportedly being reviewed by congressional investigators, Bank of America Corp. officials knew of growing losses at Merrill Lynch & Co. Inc. before shareholders voted to approve the troubled $50 billion deal.

Unnamed sources familiar with the matter told the Washington Post that the documents also suggest that Bank of America CEO Kenneth D. Lewis threatened to bring the deal to a halt in order to push the government to bolster the deal with billions in taxpayer money.

The U.S. House Oversight and...
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