Business

Paulson Grilled Over Merrill Merger

By Sean Lengell / The Washington Post
A bipartisan chorus of House lawmakers on Thursday angrily accused former Treasury Secretary Henry M. Paulson Jr. of abusing power, misleading Congress and suppressing information in pressuring a reluctant Bank of America last year to go through with a takeover of Merrill Lynch. "The American people, investors and the Congress were kept in the dark," said Edolphus Towns, the New York Democrat who chairs the House Oversight and Government Reform Committee, during a hearing to investigate the merger.
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Posted by Editor at July 18, 2009 01:16 AM