Comments on: Bank of America Gets $138 Billion Bailout as Merrill Takeover Backfires

By: Bank of America Wants to Repay Some TARP Money

Bank of America Wants to Repay Some TARP Money — Tue, 01 Sep 2009 20:19:46 +0000

[...] is suggesting it could start with $20 billion in additional aid it received in January, when the bank struggled to finish its acquisition of Merrill. The U.S. government is also looking [...]

By: Inside Wall Street: Does a Potential New Wall Street Pandemic Fester Underneath Apparent BlackRock Conflicts?

Thu, 04 Jun 2009 10:01:55 +0000

[...] Money Morning News Analysis: Bank of America Gets $138 Billion Bailout as Merrill Takeover Backfires. [...]

By: Bank of America, Citigroup Told to Boost Capital as Validity of Bank Stress Tests Are Called Into Question

Wed, 29 Apr 2009 10:14:26 +0000

[...] Top-tier executives at Bank of America may not be so fortunate. BofA shareholders today (Wednesday) will decide the fate of Chairman and CEO Kenneth Lewis. Lewis has come under fire for the company's acquisition of Merrill Lynch & Co. Inc. (SQD) last year. Merrill Lynch lost $15.84 billion in the fourth quarter of 2008, contributing to a $1.79 billion loss at BofA and forcing the bank to seek out more government assistance. [...]

By: Bank of America’s Lewis Says Paulson, Bernanke Forced Merrill Takeover

Bank of America’s Lewis Says Paulson, Bernanke Forced Merrill Takeover — Thu, 23 Apr 2009 18:23:38 +0000

[...] Lynch actually lost $15.84 billion in the fourth quarter. BofA posted a fourth-quarter loss of $1.79 billion, but was forced shift more weight to the U.S. taxpayer, as the government agreed to guarantee $118 [...]