According to an internal memo prepared by the committee's Republican staff, Paulson and Bernanke "put a gun to the head" of Lewis and Bank of America's board of directors to force the merger even though Lewis "felt it was his duty to his shareholders to try his luck in the legal system and back out of the deal."
The private US conglomerate called the Federal Reserve System aka the Central Banking System's mission is manipulate banks into failing in order that the FED may combine then absorb them thereby increasing it's control over the entire world market. The Fed knew forcing BAC to merge with ML would weaken BAC and Lewis' position which would open the door for a coop not unlike what JPM did to WMI with the help of the FDIC. After the FED cleans up (takes over) as many banks as it can, only the Fed and it's central banking system would be left along with one or two other large banks left like JPM. The US banking system then would be as close as it get to nationalized yet it would be run by a handful of good 'ol boys who don't want anyone else to spoil there fun.
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