George W. Bush

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FDIC's Bair says was urged to aid BofA

Reuters - Fri Dec 11, 11:52 am ET

The Federal Deposit Insurance Corp resisted pressure from the administration of President George W. Bush to extend assistance to Bank of America to complete its purchase of Merrill Lynch but was ultimately convinced of the need, FDIC Chairman Sheila Bair said on Friday.

NewsTrust: Bush Administration