Moving Our Nation Forward
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Improving Americans’ Quality of Life: Homes, Health, Jobs, and Education

Oversight Committee Democrats are focused on preserving home ownership, getting America back to work, ensuring quality, affordable health care, and giving all students access to a high-quality education.

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Making Government Work for All Americans

Our aggressive agenda works to root out waste, fraud and abuse in government spending, enhance transparency, and ensure that the needs of Americans are put ahead of corporate special interest.

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Promoting the Safety and Well-Being of the American People

We are committed to supporting our troops and veterans, protecting American consumers, and safeguarding national and homeland security.

For a PDF version of the Democratic Agenda, please click here.

"Bank of America and Merrill Lynch: How did a Private Deal Turn Into a Federal Bailout? Part IV." PDF Print
On Tuesday, November 17, 2009, the Oversight and Government Reform Committee and the Domestic Policy Subcommittee held a joint hearing entitled: "Bank of American and Merrill Lynch: How Did a Private Deal Turn Into a Federal Bailout? Part IV" The hearing examined the events surrounding Bank of America's acquisition of Merrill Lynch and its receipt of Federal Financial Assistance.

The hearing took place at 10:00 a.m. in room 2154 Rayburn House Office Building and webcast live.

To view a webcast of the hearing, CLICK HERE

The witnesses scheduled to testify were:

Mr. Brian Moynihan
President of Consumer and Small Business Banking
Bank of America

Mr. Timothy J. Mayopoulos
Former General Counsel
Bank of America

Mr. Charles “Chad Gifford
Member, Board of Directors
Bank of America

Mr. Thomas J. May
Member, Board of Directors
Bank of America


Documents and Links


Opening Statement of Chairman Edolphus Towns

Opening Statement of Subcommittee Chairman Dennis Kucinich

Prepared Testimony of Mr. Brian Moynihan

Prepared Testimony of Mr. Timothy Mayopoulos

Prepared Testimony of Mr. Charles Gifford

Prepared Testimony of Mr. Thomas J. May

Bank of America Documents Related to Subcommittee Chairman Kucinich's Questions

Closing Statement of Chairman Edolphus Towns

 

Committee On Oversight and Government Reform
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