Issa vs. Bernanke

June 24, 2009

Rep. Darrell Issa of the House Oversight and Government Reform Committee: ”The committee has already learned that Ben Bernanke and the Federal Reserve made inappropriate threats to fire Bank of America management unless they went ahead with the ‘shotgun wedding’ that was the Merrill Lynch acquisition. The Federal Reserve also engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger from other federal regulatory agencies.”

3 comments

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Can someone please explain to Rep Issa the events that lead up to and immediately followed the collapse of Lehman? Where are this guys congressional aides?

Posted by JMichael | Report as abusive

Look to these links.
JPM will have a hard time.
Published 6/24/09
http://members.cox.net/raggztwitches/200 4Opinion.pdf

http://members.cox.net/raggztwitches/200 4Order.pdf

Posted by Abi | Report as abusive

Judge Mary W: in WMI- JPM
ORDERED that the Debtors’ Motion for an Order Pursuant to
Bankruptcy Rule 2004 and Local Bankruptcy Rule 2004.1 Directing
the Examination of JPMorgan Chase Bank, National Association is
GRANTED.

Asj a lawyer what is Rule 2004

Posted by Abi | Report as abusive