Taxpayers ‘Foot Bill’ “The Bank of America-Merrill Lynch merger was the outcome of a collaborative effort orchestrated by Ken Lewis, Henry Paulson, Ben Bernanke, Timothy Geithner and Larry Summers,” said Kurt Bardella, spokesman for U.S. Representative Darrell Issa, ranking Republican member of the panel. "As a result of this collaboration, the taxpayers ended up footing the bill so Bank of America didn’t have to absorb Merrill Lynch’s losses." After closer review, Lewis, finally figured out merging with Merrill Lynch was not such a good idea. Full Article at The Market Oracle