On December 22, 2008, Bank of America (BofA) executive and CEO Ken Lewis assembled an extraordinary governing body meeting to audit his organization's pending securing of venture bank Merrill Lynch. Transactions for the securing had started a couple of months prior, amid the appalling week in September in which Lehman Brothers looked into going chapter 11. At first both Merrill and BofA saw their understanding positively, yet in the mediating months, as Merrill's expected misfortunes swelled and the legislature ventured in with so much projects as the TARP, BofA got itself attached to a money related grapple with a hard-line from the administration that kept BofA from relinquishing boat. This case gives foundation on the money related emergency and the chain of occasions in the middle of September and December of 2008 in which Merrill, BofA, and the administration endeavored to arrange the securing. This case centers class talk on a few choices whether BofA ought to have at first consented to purchase Merrill Lynch, whether it ought to have acknowledged capital commitments from the Treasury, and how it ought to have reacted to the crumbling in Merrill Lynch's position in the first quarter.
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