Towns, Kucinich Request Bernanke Testimony on BofA-Merrill Merger

This story appeared in Bank Digest.

Chairman of the House Oversight and Government Reform Edolphus Towns, D-N.Y., and Chairman of the Domestic Policy Subcommittee Dennis Kucinich, D-Ohio, have requested that Federal Reserve Chairman Ben S. Bernanke to testify on Thursday, June 25, 2009, to a joint hearing of the full Committee and Domestic Policy Subcommittee. The purpose of the joint hearing is to examine events surrounding Bank of America’s acquisition of Merrill Lynch and its receipt of federal financial assistance.