Monday, September 21, 2009

Bank of America Misses Congressional Deadline

Bank of America did not meet a noon deadline on Monday to submit documents and other possible evidence in the Congressional investigation of the bank’s takeover of Merrill Lynch, the House Committee on Oversight and Government Reform said.

The committee’s chairman, Representative Edolphus Towns of New York, is deciding whether to issue a subpoena to force compliance, but first he plans to meet with the bank’s chief strategy and marketing officer, Anne Finucane, on Tuesday.

1 comment:

  1. Well, they were gonna show up for the deadline, but the paper shredder truck was cheaper by the day and they didn't want to waste half of the hours they paid for so, you know... trying to save the taxpayers money here!