Was 'screw the shareholders' BofA's attitude?

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 fourth-quarter losses at Merrill Lynch a few weeks before shareholders voted to approve BofA's $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

• ⇒More Outrage Over the Merrill Bonuses
• ⇒BofA Said to Lose Another Top Merrill Banker
• ⇒For BofA's Lewis, Merrill Was One Deal Too Many
• ⇒Fed gets subpoena on BofA-Merrill deal
• ⇒Fed strong-armed BofA into taking Merrill Lynch