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(Image from article: "Bernanke defends Fed on bank deal")

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Bernanke defends Fed on bank deal

Bernanke defends Fed on bank deal

The head of the US Federal Reserve says it acted with "integrity" in Bank of America's takeover of Merrill Lynch.

 

U.S. Pressured Bank to Buy Merrill Lynch, Executive Says

Kenneth D. Lewis, the Bank of America chief, told a House panel that he was pressured by the government late last year to purchase Merrill Lynch.

 

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