Ben Bernanke may be done with the Federal Reserve's two-day meeting on interest rates, but Thursday is already shaping up to be his busiest day of the week -- and perhaps the most heated one.
Bernanke will appear Thursday on Capitol Hill to testify on his role in the Bank of America (BAC Quote) acquisition of Merrill Lynch last year. BofA CEO Ken Lewis testified earlier this month that both the government and BofA were aware that the global financial system was in fragile condition, and Lewis even considered scrapping the transaction because of "significant accelerating losses."
However, Treasury and Fed representatives pressured Lewis to delay any such action, he said. Bernanke and other Fed officials sharply criticized BofA and Lewis in subpoenaed emails, according to reports. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
71.98
|
|
UP
68.78
|
UP
6.41
|
UP
7.13
|
UP
0.59
|
10 Yr
3.48%
SPDR Gold
110.82
|
|
+0.67%
|
+0.58%
|
+0.33%
|
+1.72%
|
Data delayed 20 minutes |


Connect with TheStreet