The Final Days of Merrill Lynch - The Atlantic (September 2009)
On one level, the merger between Bank of America and Merrill Lynch is a simple story of executive hubris and cowardice. Leaving aside the question of whether [ BofA CEO] Lewis’s failure to publicly disclose new information—about Merrill’s losses, about his deal with [Bush regime treasury secretary] Paulson and [Federal Reserve chair] Bernanke—was legal, his passivity throughout the process was, in the eyes of some financial-industry insiders, ... Full Story »
Posted by Oliver Jones
Full disclosure: a local Merrill Lynch office tried to cheat me in 2002 (their ombudsman refunded the unauthorized charges on a threat of a letter to the SEC). The Bank of America screwed me over with various fees in 1978, and screwed my daughter over with similar shenanigans in 2007.