Panel issues second subpoena over Merrill takeover

06/22/2009 | InvestmentNews (free registration)

Rep. Edolphus Towns, chairman of the House Oversight and Government Reform Committee, issued a second subpoena requesting documents on discussions held between officials at the Federal Reserve, the Treasury and Bank of America in regard to the bank's acquisition of Merrill Lynch. Ben Bernanke, chairman of the Federal Reserve, is expected to testify before the full committee and subcommittee this week.

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