It seems that there was some shady dealing in the merger between the Bank of America and Merill Lynch. The Federal Reserve, of course, denies any wrongdoing.
However, the testimony from heads of each banks suggest otherwise. Here is video of Congressman Dan Burton grilling Ben Bernanke about this deal:
This is why it is vital that the Congress pass H.R. 1207 and opens up the Fed for an audit and transparency. Spread the word, and call your Congressman! It is time we know how and where our “money” is being spent.Published in