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U.S. Forced Bank Board To Carry Out Merrill Deal

Posted in Main Blog (All Posts) on April 24th, 2009 4:31 am by HL

U.S. Forced Bank Board To Carry Out Merrill Deal
NEW YORK, April 23 — Federal Reserve Chairman Ben S. Bernanke and former Treasury secretary Henry M. Paulson Jr. threatened to remove the management and board of Bank of America if it backed out of its deal to acquire ailing investment house Merrill Lynch late last year, according to documents r…

In Obama’s Inner Circle, Debate Over Memos’ Release Was Intense
As President Obama met with top advisers on the evening of April 15, he faced one of the sharpest policy divides of his young administration.

Transportation Secretary Is the Stimulus Package’s Biggest Republican Fan
Transportation Secretary Ray LaHood, a Republican former congressman from Illinois, has become President Obama’s go-to guy when it comes to dealing with the opposition on Capitol Hill. But LaHood is the first to admit that winning Republicans over to the president’s side is a hard slog.

Obama Rejects Truth Panel
President Obama rebuffed calls for a commission to investigate alleged abuses under the Bush administration in fighting terrorism, telling congressional leaders at a White House meeting yesterday that he wants to look forward instead of litigating the past.

Credit Card Reforms Pressed by Obama
President Obama met with executives from 13 of the nation’s largest credit card issuers at the White House yesterday and pressed them to curb excessive fees and provide consumers with more straightforward contracts.

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