Ben Bernanke was on Thursday forced to make an unusual public defence of his actions as a bank regulator amid accusations he overstepped his authority during frantic talks over Bank of America’s acquisition of Merrill Lynch. Armed subpoenaed e-mails, the House oversight committee asked the Fed chairman about allegations that he and his staff forced BofA to complete the deal, hid details from other regulators and threatened to fire Ken Lewis, BofA’s chief executive. See also FT Alphaville: Bernanke’s Mac attack.

This entry was posted by Gwen Robinson on Friday, June 26th, 2009 at 5:05 and is filed under Capital markets, People. Tagged with ben bernanke, BofA, merrill lynch. Edit this entry.