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Lewis Testifies In Merrill Lynch Takeover Hearings

U.S. Rep. Patrick McHenry, R-Hickory, said the deal is still a huge question mark. “With the financial crisis we’re facing, we’re all concerned about jobs. We’re all concerned about the health and safety of our financial institutions and small businesses across North Carolina.”
In congressional hearings today, more evidence surfaced that Bank of America was pressured into its takeover of Merrill Lynch.

The controversial multibillion-dollar deal transformed the Charlotte-area banking industry and endangered a huge local employer.

U.S. Rep. Patrick McHenry, R-Hickory, said the deal is still a huge question mark. “With the financial crisis we’re facing, we’re all concerned about jobs. We’re all concerned about the health and safety of our financial institutions and small businesses across North Carolina.”

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