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Rep. Issa Says Fed ?Engaged in a Cover-Up? on Merrill-Bofa

By Implode-Explode Heavy Industries

``U.S. Congressman Darrell Issa said the Federal Reserve ?engaged in a cover-up? about details of Bank of America Corp.?s takeover of Merrill Lynch & Co. The Fed ?deliberately hid concerns and pertinent details? of the merger from other government agencies, Issa, a Republican from California, said in an e-mailed statement. ''

Full post as published by Mortgage Lender Implode-o-Meter on June 24, 2009 (boomark / email).