Was 'screw the shareholders' BofA's attitude?

November 17th 2009 6:06pm

Today Congress may finally be closing in on an answer to one of the great open questions from the Crash of 2008 Why did Bank of America management not tell its shareholders about the mounting fourthquarter losses at Merrill Lynch a few weeks before shareholders voted to approve BofAs 50 billion acquisition of Merrill on December 5 2008 Some members of the House Committee on Oversight and Government Reform think they finally have found their smoking gun in a series of previously unseen doc From: money.cnn.com