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In A Surprising Twist, Lawmakers Focus On The BAC/ML Merger

The never-ending story known as who knew what and when at BAC and ML is set for another chapter. Figuring that not enough taxpayer money had already been dedicated to the subject, the Chair of the House Committee on Oversight and Government Reform, Rep. Edolphus Towns, has sent a love letter to Ken Lewis asking him to kindly turn over every single piece of paper that mentions ML losses. No doubt Kenny boy has already filed that letter in the same place as Andrew Cuomo's earlier poems on bonuses but if history is any guide, this effort still has miles to go before it meets its least cost-effective end. The economy must really be out of the woods if lawmakers have nothing better to do than beat the original dead horse when a settlement for anything they turn up has very likely already been reached and just waiting around for an announcement date.